Oireachtas Joint and Select Committees
Wednesday, 27 September 2023
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
General Banking Issues: Discussion
Jim O'Callaghan (Dublin Bay South, Fianna Fail) | Oireachtas source
I thank Ms Downey. The reason I mention the issue is because I have been contacted by a constituent who has a business. He tells me that his business has seen a 130% increase in card processing costs since last October. He has said that in September 2022, the cost of card processing was €14,600. The increase happened in October and in November, the cost had risen to €34,000. He has been in touch with AIB, whose representatives have said that is a decision that has been made by Visa and that AIB cannot control it. Is that correct?
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