RETAILERS CHAFE AT NEW CARD BANK FEES

The increase in bank interchange rates for some Visa and MasterCard transactions, which took effect April 1, left retailers and retail associations chagrined and wondering how they would respond."[Hy-Vee] is disappointed that the cost continues to increase," said John Briggs, senior vice president, chief financial officer and treasurer, Hy-Vee, West Des Moines, Iowa, and chairman of Food Marketing

The increase in bank interchange rates for some Visa and MasterCard transactions, which took effect April 1, left retailers and retail associations chagrined and wondering how they would respond.

"[Hy-Vee] is disappointed that the cost continues to increase," said John Briggs, senior vice president, chief financial officer and treasurer, Hy-Vee, West Des Moines, Iowa, and chairman of Food Marketing Institute's electronic payment systems committee. "It's been a general trend for some p

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