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When on June 29 the Federal Reserve Board issued its final rule implementing the Durbin Amendment to the Dodd-Frank Act of 2010, issuers had some cause to heave a sigh of relief. As stringent as the Fed’s debit card interchange caps were for issuers above $10 billion in assets, …
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E-Commerce: The Less Obvious Impacts of Durbin on Bill Payments
By Bill Kinnelly and Anthony James Most of the talk about the Durbin Amendment centers on debit interchange controls, but the sweeping measure must be considered in full and in relation to other costs. As we enter the Durbin Era of debit card processing, much …
Read More »With a $1.67 Average Ticket, Vending Processor USAT Predicts Pain from Durbin Rate
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Read More »Applying the Durbin Maximum, Visa And MasterCard Could Squash Small Tickets
It’s back to the future, and in many cases higher merchant-acceptance costs for transactions at or under $15, with the bank card networks’ new debit card interchange schedules that will take effect Saturday. That’s the same date that regulated interchange pricing under the Durbin Amendment to the 2010 Dodd-Frank …
Read More »Consumers May Not See Much Durbin Benefit from Card-Not-Present Merchants
n Some 41% of card-not-present merchants responding to the survey at the Direct Response Forum’s annual conference earlier this month said they do not intend to pass on lower debit card costs to consumers, according to results announced on Thursday by the DRF. Fully 56% said they don’t know …
Read More »Fifth Third’s Credit/Debit Card: A Response to Customers, But Also Suited to Durbin
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Read More »With Durbin Forcing New Network Links, a Software Vendor Sees Opportunity
Looking to capitalize on opportunities fostered by recently created debit card regulation, Lexcel Solutions Inc. on Thursday announced an update to its network-testing software that is aimed at streamlining debit card issuers’ selection of new networks as mandated by the Federal Reserve. The Fed’s June 29 final rule implementing …
Read More »Heartland Hopes To Make Hay from Debit Price Controls with “Durbin Dollars”
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Read More »In a Surprising Twist, Reloadable Prepaid Not As Durbin-Proof As Originally Thought
Reloadable general-purpose prepaid cards, once thought to be largely exempt from the debit card interchange restrictions of the Durbin Amendment, will be covered by that law in more cases now that the Federal Reserve has issued its final rule interpreting the amendment. Some experts see the new rule crimping …
Read More »Blaming the Fed’s Durbin Rule, Tempo Payments Prepares to Shut Down
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