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October 10, 2009

Merchants Fight Interchange "Swipe" Fees

In an article titled "Merchants fight for lower credit-card swipe fees", Aldo Svaldi writes for the Denver Post about merchants "revolting against the credit- and debit-card providers their customers rely on to pay them."

"We are under pressure to be as efficient as we can be to keep our prices down," said Bill Cook, owner of Howard Lorton Galleries in Denver. "The credit-card industry doesn't appear that way. They appear to have a cartel."

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