Retailer’s Next Target: All Interchange

CSP’s Steve Holtz reports that SIGMA, and other retailer and consumer trade groups have set sights on further fee reductions. "The banks’ great hope is that this will be applied only to ‘cards’," said Tim Columbus, legal counsel for SIGMA, during the SIGMA Annual Meeting in Washington this past weekend.

Noting the growing trend of mobile-payment technology, he added, "So we’re going to focus on ‘interchange’," which would include all forms of credit payment systems.

Read more: http://www.cspnet.com/news/services/articles/next-target-all-interchange