[New post] Banks claim credit interest rate fees are used to fund costly infrastructure

sskarthik posted: "As part of a Senate inquiry, banks have defended that part of the funds they collect from high interest rates charged on credit cards are used to service backend infrastructure.Read more..." Respond to this post by replying above this line New post on SKarthik.info Banks claim credit interest rate fees are used to fund costly infrastructure by sskarthik As part of a Senate inquiry, banks have defended that part of the funds they collect from high interest rates charged on credit cards are used to service backend infrastructure. Read more... sskarthik | September 22, 2015 at 3:00 pm | Categories: Computers and Internet | URL: http://wp.me/p1eKZE-3lcv Comment    See all comments Unsubscribe to no longer receive posts from SKarthik.info. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://sskarthik.wordpress.com/2015/09/22/banks-claim-credit-interest-rate-fees-are-used-to-fund-costly-infrastructure/ Thanks for flying with WordPress.com