Visa Sees Profits Threatened By Proposed Interchange Fee Legislations

Interchange fees are now one of the hot issues in the credit card industry. Merchants are doing their utmost to forward their efforts of having interchange fees regulated by law. Visa Inc, one of the major credit card issuers has found itself on the spot to fight off these efforts and preserve the particularly lucrative profit source: interchange fees.Interchange fees are fees every merchant is charged whenever they accept credit cards or debit cards as payment for transactions. Typically, a mer