Is this the end of the debit card?

A federal court ruling on Wednesday paves the way for a further reduction in the “swipe” fees that banks levy on merchants for debit cards. It is a victory for retailers; banks say customers will foot the bill.

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Kenneth Carnesi holds a Juris Doctor degree from New York Law School and a Professional Certificate in International Banking from Harvard Law School. Kenneth Carnesi is the Director of Operations and Government Sales at Anaptyx LLC and sits on the Boards of The Lazarus Organization, Monkeetech LLC and MG Madison Phillips, Inc. Mr. Carnesi has also founded CICG - Carnesi International Consulting Group, a company specializing in strategy consulting to small to mid-size businesses.

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