ICBA unveiled a resource that breaks down payment card interchange and other swipe fees so community bankers can communicate about the issue with their customers.
Details: ICBA’s Interchange Guide covers:
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The life cycle of a card transaction.
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The three parts of swipe fees: interchange, network, and acquirer.
ICBA View: ICBA firmly opposes any attempts by the government to interfere with the pricing of payment card interchange fees.