Visa's business update to shed light on the impact of swipe-fee caps

07/5/2011 | Wall Street Journal, The

Visa will give a business update Wednesday that many expect to show how new limits on debit card swipe fees will affect the company's revenue. The Federal Reserve approved a 21-cent base fee cap last week, which was more lenient than the original plan for a 12-cent fee cap proposed in December. "Even though the ruling was less onerous, it will still have an impact," said Sanjay Sakhrani, an analyst at Keefe, Bruyette & Woods.

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