VISA - Congressional Hearing Presentation
Interchange fees are the largest increase in cost for petroleum retailers. These increases combined with steady increases in in fuel cost are driving profit out of the industry. In response to the effort of large marketers and NACS, Visa has adjusted their interchange structure to match Master Card. A lot of retailers in the industry do not think this is enough!
Visa had to present at a congressional hearing May 15, 2008, explaining these charges to petroleum retail industry. The presentation documentation below gives you Visa’s perspective on interchange that they presented at this hearing. Give us your comments below on their presented data.
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