Have You Had Your Fill of Increased Card Processing Fees?
By: Hannah Walker, Senior Director, Technology & Nutrition Policy, Food Marketing Institute
I hear daily from FMI members about the new and increased fees the networks have imposed since the implementation of the 2010 debit reforms. According to The Nilson Report, U.S. retailers paid almost $100 billion to process card transactions last year. American retailers pay the highest fees to process credit cards in the world, while many other countries are limiting the fees networks and banks can charge retailers.
FMI will host a webinar called “Payments in the Grocery Industry: Taking a Bite Out of Your Card Costs”. CMSPI will present on new fees that eroded over 50 percent of the savings from the debit reform law and offer ideas and solutions to help food retailers contain or even reduce card acceptance costs.
Join FMI and the experts from CMSPI at 2 p.m . on Thursday April 25, 2019. You can register here.
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