Sentences with phrase «interchange fee reductions»
And says a majority of the savings from recent interchange fee reductions in the U.S. were passed on to customers.
http://www.moneysense.ca/ Not exact matches
The reduction in interchange payments can be expected to be reflected in lower merchant service fees for these merchants from 1 July.
The Board was briefed on the recent reset of interchange fees in the MasterCard and Visa systems, including the reduction in debit card interchange rates to meet the lower benchmarks implemented following the Bank's 2015 — 16 Review of Card Payments Regulation.
The decrease in other charges and fees for customers services in the third quarter of 2017, compared to the second quarter of 2017, was primarily due to a reduction in interchange fees resulting from limitations set by the Durbin amendment, which became effective for the Corporation July 1, 2017.