y, swipe fee reform (Opinion Article)
10-01-2012 02:44 PM
First couple of lines:
October 1 marks the one-year anniversary of the implementation of debit card swipe fee reform. It’s a reform that is working well and is a good start toward bringing transparency and competition to debit and credit card swipe fees.
As a strong advocate of the free market system, I’m confident that I know a free market when I see one. The credit and debit card swipe fee system is in no sense a free market.