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2011-06-29 — washingtonpost.com
``The so-called swipe fee, or interchange, will increase from a maximum of 12Â cents proposed by the Fed last year to a base charge of 21Â cents. Banks can also collect .05Â percent of the amount of the transaction to recoup losses from fraud. In addition, the Fed will consider allowing them to receive another cent for each transaction if they take steps to prevent fraud. The new rules will take effect Oct. 1.''
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