We notice you are visiting from a U.S. Internet provider. 
23/06/2010 -
Major credit companies such as MasterCard and Visa stand to profit from U.S. congressional legislation that would limit charge fees, reports the Associated Press.The legislation, known as the Durbin Bill, limits the amount that banks can charge merchants who accept debit and credit cards for transactions. The fees usually total about 1 to 2 percent of the price of a purchase, a number that adds up quickly for small businesses.
Chicago Business reports that the fees generally add up to about $50 billion yearly for the financial institutions, while small business owners can end up paying hundreds of thousands.
Jeffries & Co. analyst Richard B. Shane, Jr. told the Associated Press that the revised legislation is "less onerous" for the payment networks.
