Top 10 Debit and Credit Card Stories of 2011

Forbes | January 5, 2012

“The interchange fee was intended to resolve a bitter issue for merchants but it also ignited unintended consequences for consumers, such as banks dropping rewards for debit card purchases in the spring and proposing to add fees for debit card usage in the fall…a number of banks introduced a debit card fee of $3 to $5 each month that the debit card was used for a purchase in order to make up for the revenue lost from the reduced interchange.”

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