Technology

Visa And MasterCard Consider Raising Debit Card Fees On Small-Purchase Products Oct. 1

Sept. 29, 2011

Analysts say Visa Inc. and MasterCard Inc. plan to raise debit card interchange fees charged for small-ticket purchases, according to Bloomberg.

The fees would increase from 8 cents to 23 cents on a $2 purchase and would affect transactions at vending machine.

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Technology

VendingMarketWatch Technology Podcast: Why The Durbin Amendment Won’t Affect Cashless Vending

July 18, 2011

John Powell, a vending cashless vending veteran, says the Durbin amendment, which limits the fee that banks can charge retailers for debit card transactions, has no impact on ...

Technology

Federal Reserve Board Decision Limits Debit Card Transaction Fees, Drawing Criticism From Foodservice Industry

June 30, 2011

The Federal Reserve Board’s decided Wednesday to set debit-card “swipe” or “interchange” fees at a maximum limit of 21 cents per transaction, a higher rate than originally had...