Announcements

  • What, Is It 2010 Again? Senator Durbin Re-Looks at Debit Interchange. — Payments Journal

    By: Mark Dixon, AAP, APRP, NCP Mark Dixon, AAP, APRP, NCP , 5 years ago
    "As reported in the Wall Street Journal, Senator Dick Durbin (D-IL), who championed regulated debit card interchange rates for banks with greater than $10 billion in assets in an amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act, is asking for further regulation of debit cards. Now 10 years later, he has asked the Federal Reserve to re-look at the fees charged to merchants in light of technology advancements that Mastercard and Visa have made that make routing transactions to the EFT debit networks such as Accel, Pulse, Shazam, Star and others more difficult for merchants. "