Have you ever wondered how credit and debit cards work? The answer is interchange. Interchange fees are an essential part of the electronic payments ecosystem that ensures its functionality. Financial institutions invest interchange fees back into the payments system to ensure continued innovation, efficiency, and security. Click on the video to learn more.
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How the “Credit Card Competition Act” Would End 250-Million Co-Branded Card in the U.S.
Electronic Payments Coalition
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General
‘Reverse Robin Hood’ is a myth and capping interchange fees would hurt the poor
The Hill
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Credit Cards and the Reverse Robin Hood Fallacy: Do Credit Card Rewards Really Steal from the Poor and Give to the Rich?
Electronic Payments Coalition
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Payments Trade Group Rebuts Retailers
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