FMI responds to announced interchange-fee increases

04/20/2009 | Progressive Grocer · Supermarket News (free registration)

FMI spoke out against an announced increase in interchange fees on Visa credit cards. "Interchange is, in effect, a hidden tax on every plastic transaction, fixed by the credit card companies and banks in an anti-competitive market," said Leslie G. Sarasin, FMI's president and chief executive officer.

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