FMI hails passage of swipe-fee law

07/22/2010 | Progressive Grocer · Supermarket News (free registration)

FMI President and CEO Leslie G. Sarasin hailed passage of swipe-fee reform, which sets limits on fees charged by banks and credit card companies. "Consumers have been paying more than $50 billion a year in hidden swipe fees to credit card companies and banks every time they swipe their credit or debit card," said Sarasin.

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Progressive Grocer · Supermarket News (free registration)

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