The National Retail Federation (NRF) last week pushed back against debit card swipe fees, saying the fees are still far too much.

“In most cases, 24 cents per transaction represents a significant savings over the prior non-competitive pricing,” NRF Senior Vice President and General Counsel Mallory Duncan said in a statement. “However, it is still substantially higher than issuers’ incremental costs.”

Duncan said the shift of more fraud liability to merchants last fall under the conversion to Europay MasterCard Visa chip-and-signature cards is evidence that the 0.05 percent for fraud recovery “may no longer have a legitimate basis.”