It costs banks about four pennies to process a debit card transaction. That's considerably cheaper than processing checks, which is why big banks created the cards in the first place and encouraged consumers to switch to them. ... Rick Holmes: Consumers need to keep pressure on big banks
Sunday, November 6, 2011
Rick Holmes: Consumers need to keep pressure on big banks
It costs banks about four pennies to process a debit card transaction. That's considerably cheaper than processing checks, which is why big banks created the cards in the first place and encouraged consumers to switch to them. ... Rick Holmes: Consumers need to keep pressure on big banks
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