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We're not opposed to a cost-based interchange. The problem is the banks got greedy and raised the rates just to make more money. If interchange was actually cost-based, it would effectively disappear. In Australia, the interchange rate is less than half a percent. And Canada is a great example Business is thriving even though the interchange rate is zero.

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What you do speaks so loudly that I cannot hear what you say by Ralph Waldo Emerson
Things may come to those who wait, but only things left by those who hustle by Abraham Lincoln
All our dreams can come true, if we have the courage to pursue them by Walt Disney
The only way to begin is to stop talking and start doing by Walt Disney

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