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Banks began charging interchange fees in the 1960s to cover the cost of processing credit-card transactions. "But even as technology has dropped that cost dramatically, banks and credit-card companies have pushed swipe fees higher and higher, turning it into a cash cow," the report notes. "For many businesses, swipe fees are now their single highest non-labor operating cost...
...flip side, though, he says interchange legislation that lowers rates could mean credit cards will be accepted by more merchants and markets that in the past didn't sign up because of the higher interchange fees...
...field. However, most also feel that they are no longer missing out on subjects they would have otherwise pursued had it not been for the mandated classes. In addition, concentrators have expressed their enthusiasm for the smaller class sizes, as the intimate atmosphere lends itself more easily to a higher level of discussion and analysis. “I think there’s a lot of wisdom behind the idea of having a smaller class,” Lind says. “For literature, it tends to be a better way to study...
...Harvard College Queer Students and Allies debated revamping its structure in an effort to grow its active membership at a meeting in Adams House yesterday that drew a higher than expected turnout. The organization’s co-chairs pushed for a plan that would shift at least some portion of the group’s decision-making capacity from a select cluster of executive board members to a series of committees that would seek to give more people a say in decision-making. Proposed changes included reducing the number of committee chairs to one from two per committee, creating...
...esteemed intellectual stimulator, Playboy, polled more than 5,000 college students to find out what percentage of higher education constituents engaged in specific acts of low, hearty fun. See more of the steamy stats after the jump...