- July 1, 2012
- Posted by: anand
- Category: Articles
Published in AFP Payments Newsletter July 2012
The cost of processing low value debit card sales (transactions less than $15.00) has dramatically increased for merchants since the implementation of the Durbin amendment on October 1, 2011. While this new regulation caps the debit interchange fees for regulated transactions and has saved billions of dollars for most U.S. merchants, it has created an unintended consequence of doubling or tripling the cost of interchange for small ticket debit transactions. Read the entire article here.