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Shares in major US issuing banks and card schemes moved up late Tuesday as the Federal Reserve issued a watered-down take on the Durbin Amendment on interchange fees, setting the cap at 21 cents per transaction, rather than the 12 cent ceiling proposed in earlier consultations. Under the final rulings, issuers may charge up to [...]
The post Fed surprises markets with watered-down interchange caps appeared first on Payments Cards & Mobile.
