I love the concept here, but am worried about some of the ideas – I speak with some knowledge here – e launched host2help.com as a community company, and have vry strong goals for its community presence, That said, saying that the 27 cent fee will be carried by the bank, well, I love my bank, and when my account is in the black, they love me, but be it a bank or a CCU, their end goal is the bottom line. Why would a bank want to work at a loss? It may be 'only 27 cents' but if this takes off, and you are looking at tens of thousands of daily transactions, that soon adds up. he other side is cost usage. The 27 cent transaction fee in part pays for that security so if nasty person steals my credit card and spends say $500, I do not have to be $500 out of pocket. How will that be covered here?
I really do not want to sound like a naysayer. I think this is an awesome idea, and I would love to be involved, I just hope there are better fundemental ideas than letting the banks carry the cost – to put this in another light:
host2help.com (my company) is a web host. All web sites need to be 'stored' on a web host. We are different – we give 1/ of all our revenue to good causes chosen by our clients, and another 1/3 to our reseller (thus allowing anyone to earn a sustainable income). This seriously impedes our bottom line – we still have to offer the best available services. These costs all have to be carried in house. I do not think my competitors (locally or globally) would look at what I am doing and say "Awesome – that’s a great idea – here let me carry some of your costs” (Although, it would be nice if they did!)
Again, I truly do not want to be down playing thins – there is a great idea here, I just hope all the details are worked out.

Good luck!

There are several things of great interest to me. I am especially intrigued by the free credit card processing for local banks. How can that be achieved with the current visa/mastercard monopoly.