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CUNA News

Removing sales tax from interchange would increase risk, costs

Proposals to require financial service providers to exclude payment processing fees from the sales tax portion of a card payment would bring higher costs for everyone but the largest merchants, according to CUNA-commissioned research from Cornerstone Advisors.

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CUNA, AACUL interchange study generates media coverage

A new study conducted by Cornerstone Advisors shows the true cost of interchange and the harm that would result of Congress passes the current interchange bill.

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