Interchange Report Could Counter Legislation

The recent report by the General Accounting Office on the impact of payment-card interchange fees could hinder the retail industry's effort to curb such fees, some observers said. The fees, which are assessed by banks on every transaction involving a debit card or credit card, are an anathema to retailers, who have been battling for years to get Congress to regulate them. The banks

WASHINGTON — The recent report by the General Accounting Office here on the impact of payment-card interchange fees could hinder the retail industry's effort to curb such fees, some observers said.

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