Banks such as JPMorgan, Citigroup and Wells Fargo have introduced new fees on the checking account service after the Dodd-Frank financial reform bill restricted banks from charging merchants processing fees on debit card transactions.

FORBES: Bank of America Could Nickel And Dime Its Way To $16

The economy rests on sugar, tourism, textiles and apparel, and financial services, and is expanding into fish processing, information and communications technology, and hospitality and property development.

FORBES: Mauritius

Founded as a financial computer-services provider in 1988, ACS for the first few years focused on processing bank transactions, but the collapse of the Texas banking industry eliminated many of its customers.

FORBES: The human factor