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06-23-2005
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Members
Join Date: Mar 2005
Posts: 864
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Code:
The stakes are especially high for large banks with big credit-card operations such as Chase, Bank of America and Citi, since interchange fees represent as much as 15 percent of their annual revenue, the report said. 15%...that seems pretty high. I could understand an annual revenue of 4 to 6%. 
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