LOWER DEBIT CARD FEES WILL START IN AUGUST

NEW YORK -- Lower fees for offline signature debit card transactions are scheduled to come into effect in August as a result of the settlement reached here in the class-action suit brought by nearly 5 million U.S. retailers against MasterCard International, Purchase, N.Y., and Visa USA, San Francisco.MasterCard and Visa are required by the settlement to lower their fees for the offline transactions

NEW YORK -- Lower fees for offline signature debit card transactions are scheduled to come into effect in August as a result of the settlement reached here in the class-action suit brought by nearly 5 million U.S. retailers against MasterCard International, Purchase, N.Y., and Visa USA, San Francisco.

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