Swipe fees hurt community banks as well as fuel marketers, NACS tells Congress

摘要

The credit card interchange market "is rigged to guarantee big money for the largest banking institutions" and "tighten the noose on businesses," says Dave Carpenter, a small Iowa marketer who also operates a local community bank.rn"From either of my vantage points, these fees have long been out of control, and they are nearly suffocating my retail stores while they are of little value to my community bank," he told Congress.