Sentence examples for processing debit from inspiring English sources

It called for hefty surcharges for processing debit cards to be outlawed.

Starting Saturday, big banks must comply with a new regulation that caps the fees they can charge merchants for processing debit card purchases.

Small retailers have complained for decades about the seemingly arbitrary fees that they are required to pay Visa and MasterCard for processing debit transactions.

Banks are cutting back their loyalty programs, because of new caps on what they can charge merchants for processing debit card purchases.

WASHINGTON — A bipartisan group of senators introduced a bill on Tuesday that would delay a new federal regulation to lower the swipe fees that banks could charge merchants for processing debit card transactions.

Banks are generally charging higher fees to help make up for revenue they lost after the federal government set limits on the fees they could charge merchants for processing debit card purchases.

The row over debit card fees is directly related to the Dodd-Frank bill, which limited the amount that banks can charge merchants for processing debit-card transactions.

They have done this, they say, in response to federal caps on the amount banks can charge merchants for processing debit-card purchases.

After weeks of back-and-forth debate and heavy lobbying by banks and retailers, the Senate voted Wednesday against delaying a cap on the swipe fees that stores must pay for the processing of debit card purchases.

"Earlier this year the Federal Reserve determined that the interchange fees Visa and MasterCard fix for big banks grossly exceed the cost of processing a debit card transaction by some 400%.

Therefore, American Express can bill merchants the same fees for processing its debit cards as it does for charge card and credit card transactions.