This month reports

摘要

Global point of sale (PoS) interchange fees increased by 140% between 2000 and 2006, to $64bn according to this new study. The huge growth in fees (that a merchant's bank pays a customer's bank when accepting cards using card networks, such as Visa, for purchases) was mainly fuelled by an increase in payment card purchase expenditure worldwide and increased interchange rates in the US, and occurred despite reduced interchange rates in Australia, Europe and elsewhere. The study analyses the evolving and increasingly complex landscape for PoS interchange fees.