FMI Denounces Interchange Hike

Increases in fees for retailers handling Visa rewards credit cards that went into effect Friday are “deplorable,” according to Food Marketing Institute.

ARLINGTON, Va. — Increases in fees for retailers handling Visa rewards credit cards that went into effect Friday are “deplorable,” according to Food Marketing Institute here.

“At a time when consumers and retailers are fighting for their economic survival and just a few days after they paid their taxes, Visa’s interchange fee increases are deplorable,” Leslie G. Sarasin, president and chief executive officer of FMI, said in a prepared statement.

“Interchange is, in effe

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