4 ms·
Would BankSimple not work with that model? Debit cards are going to be a lot less profitable due to the Durbin amendment. There's still some money to be made i
by oasisbob 15y ago
Would BankSimple not work with that model?
Debit cards are going to be a lot less profitable due to the Durbin amendment. There's still some money to be made if you can scale up, but it won't be nearly as lucrative.
Interchange fees currently average out to $0.44 a transaction. Come this July, the interchange fees will be capped at a flat $0.12 if the FRB maintains their current draft rules.