Swipe fees cut, but restaurant associations say not enough

Foodservice and other trade association executives voiced disappointment in the Federal Reserve Board’s decision Wednesday to set debit-card “swipe” or “interchange” fees at a higher rate than originally had been anticipated.

The Fed said in the ruling it would limit the fees that banks can charge operators and retailers to 21 cents per transaction, higher than the initial proposed cap of about 12 cents per transaction. Previously, businesses had been payi

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