Summary: -Card payment processing for major banks took a regulatory profit hit around 2010. Per transaction fees dropped from $0.44 to $0.21. -The lost profit

Summary: -Card payment processing for major banks took a regulatory profit hit around 2010. Per transaction fees dropped from $0.44 to $0.21. -The lost profit from transaction fees has simply shifted to more checking account fees for consumers from things like ATMs and minimum balance/direct deposit requirements to maintain a 'free' account.