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MAG Study on Volume and Cost Trends in the Debit Card Industry Referenced on American Banker

When costs plummet but prices stay high as ever, a market is clearly not working properly. But that's what is happening right now in the business of processing credit- and debit-card transactions, thanks to price-fixing that harms not just merchants but consumers and the entire economy.

A new study by the Merchant Advisory Group shows beyond a doubt there's something wrong in the debit-card business that keeps it from working as our free-market system should.

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