Chase Bank To Cap Debit Card Transactions?

Chase Bank To Cap Debit Card Transactions?

New legislation on transaction fees prompts the financial giant to consider limiting your ability to swipe and pay based on the purchase price.

Jonathan Fincher
  • 25 march 2011


As new legislation goes into effect this July, banks will be forced to drop their interchange fees from around 44 cents to 12 cents per transaction. That might sound like good news for retailers who incur these fees each time a customer pays with a debit card, but banks such as JPMorgan Chase are now considering capping transactions at $50 or $100.

Access this article for free
Fill in your email below and you'll gain access to this article while also receiving a number of membership features as part of a special 30-day trial.
*Already a member? Log in here

Learn About Our Membership Services

Need Research Help?
As a member you can ask us any research questions and get complimentary research assistance with a 4-day turnaround. Reports inclde stats, quotes, and best-inclass examples on research topics.
Remain Informed & Strategic
We publish several trends reports each month. By becoming a member you will have access to over 100 existing reports, plus a growing catalog of deep topical analysis and debrief-style reports so you always remain in the know.
See Trends Come To Life
Meet your peers and immerse yourself in monthly trend and innovation webinars and discounted conferences.
No search results found.