By JANE BIRNBAUMPublished: November 5, 2008
Small merchants have long chafed at the fees they must pay banks every time a customer swipes a debit or credit card. But now, with business slowing and every dollar important to their bottom line, some merchants are pushing for changes.Skip to next paragraphEnlarge This ImageBrendan Smialowski for The New [...]
Archive for the ‘finance’ Category
Small-Business Owners Lobby to Cut Credit Card Fees
Posted in credit card, finance, financial and credit, personal finance on November 9, 2008 | Leave a Comment »
Banks cut down on credit card business over rising defaults
Posted in Bank, credit card, finance, personel credit on November 7, 2008 | 1 Comment »
Mumbai: Growing defaults are forcing banks to shrink their credit card portfolios aggressively. In the first five months of fiscal 2009, the credit card base in India has fallen by 1.5 million to 26.73 million, according to the Reserve Bank of India, or RBI.
Bankers said the trend has intensified in recent months and the [...]
