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Debit Transaction Primer

Posted: January 8th, 2010 | Author: admin | Filed under: Learn | Tags: | No Comments »

Competition, of course, usually forces prices lower. But for payment networks like Visa and MasterCard, competition in the card business is more about winning over banks that actually issue the cards than consumers who use them. Visa and MasterCard set the fees that merchants must pay the cardholder’s bank. And higher fees mean higher profits for banks, even if it means that merchants shift the cost to consumers.

Interesting story on signature vs. pin debate. This article analyzes prepaid considerations.