New bank fees could affect Visa and MasterCard, analyst says

10/5/2011 | Wall Street Journal, The

Rod Bourgeois, a senior analyst at Sanford C. Bernstein & Co., said that MasterCard and Visa could experience a small hit to their revenue because of fees banks are planning to levy against debit card customers. The fees could prompt consumers to rein in their use of their debit cards. "Moves by banks to charge customers for debit card usage are modest incremental negatives for Visa and MasterCard," Bourgeois wrote.

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