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Fed Weighs Changes to Debit Rules as Swipe-Fee Battle Rages On

  • Merchants have resisted the rising cost of taking debit cards
  • Banks to offer two networks for online debit under proposal
Operations Inside A Wal-Mart Stores Inc. Location Ahead Of Black Friday
Photographer: Patrick T. Fallon/Bloomberg

The Federal Reserve is weighing changes to its rules governing debit cards as the battle over the fees merchants pay each time a consumer makes a purchase intensifies.

The central bank on Friday asked for public comment on an amendment that would require banks to make sure two payment networks are available on their debit cards for online purchases.