My apologies, I mis-quoted the annual number, which is about $10.4 bln, which is still only about .16%. Still, your question, "Who gets the other 1.95% of that

My apologies, I mis-quoted the annual number, which is about $10.4 bln, which is still only about .16%. Still, your question, "Who gets the other 1.95% of that?", is valid. My guess: the card issuers themselves, who operate the networks (Visa, MC, Amex, Discover). Throw a little on top for Chase PaymentTech and the like.