INTERNET MARKETING

INTERNET MARKETING

25 Ways to Save $250 (or More) Monthly That Most Business Owners Are Ignoring
Why organizations should give employees more say in when, where and how they work
3 Awesome Tips for Turning Business Weaknesses To Strengths
States With No Corporate Income Tax Rate
Ohio
Nevada
South Dakota
Texas
Washington
Wyoming
Key Economic Indicators
Item Rate
CPI: 0.0% (Jun 2017) 
GDP Growth: 1.2% (1st Qtr 2017)
Prime Interest Rate: 4.25%
Consumer Confidence: 118.9% (Jun 2017)
Small Biz Confidence: 103.6% (Jun 2017)
Avg Gas Price: $2.25

 

 

 

 

 

 

 

 

SMALL BUSINESS NEWS

1 July  2011

 

Email this page    

 

The Federal Reserve set Debit Transaction Fee

On Wednesday, 22 June 2011, the Federal Reserve voted to cap the debit card transaction fees that banks can charge retailers.  The fee, which used to be .44 cents, will now be no more than .24 cents per transaction.  The end result is that retailers will be able to keep about 50% of the feeds they would normally pay to the banks.  More in the pockets of small businesses is a good thing.

The charges were mandated by the Dodd-Frank Financial Regulation, which was passed by congress and signed into law by the President in 2010. 

Banks with less than $10 billion in assets are exempt from this limit.   They may continue to charge higher fees.

The new rules will go into effect 1 October 2011.

By Owen Daniels

 

 

 

 

 

 
 

 

  

 

 

 

 

 

 

 

 

 

 

INTERNET MARKETING

News Home

SBZ Home

 

  

     

                  Report broken links               Contact us              About us           Become a Contributor to this site            Link Exchange 

2012-2015 The Small Business Zone, Inc.  All rights reserved.