Sentence examples for processing of debit from inspiring English sources

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.

The central bank initially proposed a 12-cent limit on those fees in December, following a Fed survey of banks that found that the median cost of processing a debit card transaction was 7 cents, with an average cost per swipe of 4 cents.

"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%.

Mr Hart said: "Aurigny cannot wholly absorb the cost of processing credit and debit card charges so will continue to make a small charge for credit cards and give our customers the opportunity to save money through using debit cards".

But merchants have complained that as the cost of debit fees — a charge for processing payments — has risen in recent years, they have had to add it to the prices they charge.

Debit purchases account for roughly 60 percent of overdrafts at Bank of America, the nation's largest issuer of debit cards.

Here are some of debit cards' little-known drawbacks.

Payroll cards are basically a new form of debit card.

The number of debit cards by issuer is the total number of debit cards issued by a bank       Total number of debit cards (times ) Number of ATMs by issuer The total number of debit cards is the number of debit cards issued in the regions where the bank operates.

The feature of debit interest assumes that the insurer is allowed to borrow money at a debit interest rate (beta>0) to pay claims when the surplus turns negative.

The number of debit cards in the network is the total number of debit cards issued by the network       Merchant acceptance in the network (times ) Number of debit cards by issuer Merchant acceptance in the network is the percentage of merchants accepting debit cards where the network operates.