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Customers say retailers don’t return Durbin savings

Customers say retailers don’t return Durbin savings

Just 7% of 1,000 adults polled by Ipsos SA Public Affairs think merchants are passing on savings from debit interchange cuts mandated by the Durbin Amendment. The provision, which went into effect last October, roughly halved the former interchange rate. "Congress gave giant retailers a handout with no guarantee that the savings would be given [...]

The post Customers say retailers don’t return Durbin savings appeared first on Payments Cards & Mobile.

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