Friday, April 13, 2007

"Credit Card Fees Surged 22 Percent" (via NACS)

According to a recent NACS news release, "Credit card fees surged 22 percent, rising $1.2 billion to reach $6.6 billion in 2006 and for the first time ever top overall industry profits. Credit card fees now are the industry's second largest expense, accounting for 8.3 percent of industry gross margin dollars, second only to total labor expenses (33.5 percent)."

[Source: via NACS]