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Content about Commerce

December 21, 2010

WASHINGTON — A proposal from the Federal Reserve could limit debit interchange fees—charges associated with accepting debit-card payments—to 12 cents per transaction. If enacted, the proposal stands to benefit small businesses.

The average interchange fee for debit transactions in 2009 was 44 cents per transaction, according to Fed research. “Setting a cap ensures that no issuer is able to receive an interchange fee at an unreasonably high level,” the proposal says.

August 8, 2008

I visited a fairly new drycleaner recently, and what I saw there shocked me. A young couple owned the store. The wife stayed at the counter, and the husband processed the work in back. When a second counterstaffer helped a customer, the wife came forward and manned the cash register. When it happened a second time, I blinked hard.