Credit and Debit Cards: Federal Use
Nova Science Pub Inc | 2008-10 | ISBN: 160692351X | 538 pages | PDF | 1 MB
By accepting cards, federal entities realise benefits, including more satisfied customers, fewer bad checks and cash thefts, and improved operational efficiency. In fiscal year 2007, federal entities accepted cards for over $27 billion in revenues and paid at least $433 million in associated merchant discount fees. For those able to separately identify interchange costs, these entities collected $18.6 billion in card revenues and paid $205 million in interchange fees.
