Swipe Fee Revenue Rises With Gas Prices
Friday, April 15th, 2011
As Tasha Cain slid her credit card into the pump before fueling up her silver Infiniti on Wednesday, the digital readout showed she was paying nearly $4 per gallon for premium unleaded.
But it didn’t show her the various groups — among them oil companies, governments and sometimes even banks — that get a piece of that money.
Asgas pricesrise, banks and financial companies that process credit and debit purchases also are making more money.
