Free press releases distribution network?

Agency / Source: RNCOS E-Services (P) Ltd

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Merchants Protest Against Interchange Fees - Interchange fees charged by the credit card companies is raising eyebrows of traders and consumer groups. Now they’re joining forces with politicians to take on the credit card industry
Merchants Protest Against Interchange Fees

 

PRZOOM - /newswire/ - Delhi, New Delhi, India, 2007/03/08 - Interchange fees charged by the credit card companies is raising eyebrows of traders and consumer groups. Now they’re joining forces with politicians to take on the credit card industry.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Consumer/Shopping Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

MasterCard and Visa made $30.7 Billion in 2005 by charging traders a percentage of each transaction by credit card. According to the estimates by the National Retail Federation (NRF), these earnings will spike to $40 Billion by 2006. The retail industry is now joining hands with politicians to talk about restrictions on the credit card companies.

The fee that varies with each transaction and is different for different trader is taking the operating costs for many small players up. For example, as per the NRF, gas stations pay 7-9 cents as fees on each gallon of fuel sold.

The Senior Vice President, Government Relations, NRF, Steve Pfister, reported that US charges the highest interchange fee in the world and this would remain the top issue of the Federation to deal with the 110th Congress.

The Sun News reported Pfister saying that the NRF has demanded enhanced transparency on the fees charged by the credit card companies in future.

NRF is not alone in this movement. A lot more consumer groups are stressing the need of same kind of amendatory action against credit card companies. The Merchants Payment Coalition (MPC) is also supporting this movement and is suggesting taking a “deeper look” into the matter. According to MPC, the interchange fees cost the consumers around $30 Billion annually. This amount, they state, is almost double the amount charged by the credit card industry as late fees.

According to a Research Analyst at RNCOS who has recently researched a report on “U.S. Convenience Stores: A Market Analysis”, fees of credit card cost a convenience store (c-store) about 2.5-3% of the transaction made up of many components, like PIN-based debit transaction. A credit transaction can cost convenience stores more than other channels and it’s a matter of matter of concern for c-stores.

The RNCOS report also discusses the issues and facts critical to business success, like:

- Market size of the US retail store industry
- State-wise growth of convenience stores
- Growth driving factors
- Technologies that can help convenience store markets to improve their operations
- Role of these technologies in increasing the operational efficiency
- Major players, and their presence and strategies

About RNCOS

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Consumer/Shopping Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: RNCOS E-Services (P) Ltd

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Consumer/Shopping articles,
CATCH Visitors via Your Competitors Announcements!


Merchants Protest Against Interchange Fees

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
|
Contact: Shushmul Maheshwari 
+91 12 04224700 press[.]rncos.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any RNCOS E-Services (P) Ltd securities in any jurisdiction including any other companies listed or named in this release.

Consumer/Shopping via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From RNCOS E-Services (P) Ltd / Company Profile


Read Consumer/Shopping Most Recent Related Press Releases:

Leviton Introduces Five New Architectural Edition Powered by JBL® Speakers
Samsung SmartThings and Leviton Manufacturing Co., Inc. Announce Strategic Partnership to Offer Whole House Automation through Distribution Channel
You Design, We Print - Prinfab® Launches An Online Fabric Marketplace
Method Lights Launches the Next Evolution in Picture Lights
Frost and Sullivan Lauds Plantronics for Humanizing the Technical Services Experience
Frost & Sullivan Lauds Friendly Technologies’ Customer-Focused Unified Device and Smart Home Management Solutions
Frost & Sullivan Lauds Welltok, Inc. for Revolutionizing the Population Health Management Space through its Analytics-driven, Incentive-based CaféWell
Frost & Sullivan Commends Hisense for its Strong Product Offerings and Aggressive Expansion Strategies in the Smart TV Market
Fall Protection Vendors Trust Services to Extend Revenue Streams Beyond Product Sales Finds Frost & Sullivan
Belkin Introduces Charge Dock with Integrated Charging for the Apple Watch + iPhone

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  JobsWare.com

Visit  La Bella Bakery Artisan Bakery Arizona

Visit  Triggr & Bloom







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today