Credit and Debit Cards

Credit and Debit Cards

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Fed. agencies, corp., and others are users of credit and debit cards, as both AimerchantsAi and purchasers. Merchants accepting cards incur fees paid to banks to process the transactions. For Visa and MasterCard transactions, a large portion of these fees -- referred to as interchange -- goes to the card-issuing banks. Some countries limit these fees. This report examines: (1) the benefits and costs assoc. with fed. entitiesAi acceptance of cards; (2) the effects of other countriesAi actions to limit interchange fees; and (3) the impact on fed. entities of using cards to make purchases. The author analyzed fee data and info. on the impact of accepting and using cards, interviewed officials of major card co., and 3 foreign govAits. Includes recommendations. Charts.As consumers increasingly use credit and debit cards for purchases, Background federal entitiesa#39; acceptance of cards to pay for goods and ... The Treasurya#39;s FMS performs the processing for card transactions for executive, judicial, and legislative branch agencies, as well as a number of ... to accept Visa, MasterCard , American Express, and Discover credit cards, as well as some types of debit cards.

Title:Credit and Debit Cards
Author:Richard J. Hillman
Publisher:DIANE Publishing - 2008-10-01


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