From the federal reserve directly : https://www.federalreserve.gov/aboutthefed/boardmeetings/frn-reg-ii-20231025.pdf Also, I guess what I meant is, the cap used to be 45 cents, and when it was reduced to 21 cents, there wasn’t some massive reduction in prices of products for consumers. Merchants just pocket that difference.
noredcandy
joined 1 year ago
Check out FedNow. Basically a domestic government run payment system. Still pretty new and growing.
Fwiw debit card transaction are capped around 21 cents per transaction depending on the size of the bank holding the account. You’re right for credit cards though. Also, imho, I’ve never seen merchants pass along these debit card savings to the consumer. With they would though.
Wish I could upvote this twice.
This is cool but what I really want are rollable screen phones like from Earth Final Conflict.
Released it before Fury Road. Furiosa, as good as it was, was unfortunately under the shadow of something truly special.
Wonder where all the sponsorship is on the McLaren looks weird having the nose just be solid orange.
It’s worth “comparison shopping” with search engines. Run some common queries on multiple engines and see which ones fit what you like. Google takes up a lot of the mindshare for sure, but there are absolutely other options that will probably surprise you with how good they are.
Looks like a pretty rad gaming mouse!
The New York State Department of Transportation wrote in 2021 that adding a lane to New York State Route 17 “would improve the flow of traffic and reduce delays, thereby reducing greenhouse gas emissions as a result of traffic congestion.”
If only there was some other, better way better way to reduce traffic.
Not even going to read the article but I’m going to go with “no, no they didn’t earn the price hike.” To me, to “earn” a price hike means new features or better functionality with the current platform, not just spamming me with mediocre content. Give me higher bitrate streaming, lossless audio, better ways to organize my watchlist, better desktop/laptop experience, etc, then MAYBE it’ll be worth paying a bit more to me.
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Banks charge higher fees for credit transactions to fuel the loyalty programs (flyer miles, cash back, etc) on those cards. This is why you no longer get any loyalty benefits on debit cards but you still do on credit. The fees don’t cover the risk on credit cards , the interest does.