Insights

Interchange Updates & Review for 2nd Half of 2010

Every year card networks and issuers present some increases to their dues, assessments, and/or interchange fee schedules. 2010 was no exception…the most significant changes from the second half of last year are summarized below. Note that if there is no minimum or maximum noted for a PIN debit network then such a fee floor or cap does not exist. The rules proposed by the Federal Reserve last month to govern debit (signature and PIN) interchange fees should not only significantly reduce interchange fees (capped at $0.12 per transaction), but they will also streamline and simplify the complex interchange fee schedules.

Network Fee Name

New Fee Amt

Old Fee Amt

Effective Date

Visa Asessment Fee

0.1100%

0.0925%

1-Jul-10

Commercial Interregional

2.00% + $0.00

1.80% + $0.00

1-Oct-10

Sign. Preferred International

1.97% + $0.00

1.80% + $0.00

1-Oct-10

Sign. Preferred Interregional

1.97% + $0.00

1.80% + $0.00

1-Oct-10

MasterCard Asessment Fee

0.1100%

0.0950%

1-Apr-10

Exclude card expiration date and show only last 4 digits of card number on receipt

n/a

n/a

31-Dec-10

Discover International Processing Fee

0.40%

0.30%

15-Oct-10

International Service Fee

0.55%

0.45%

15-Oct-10

Data Usage Fee

$0.0185

$0.0075

15-Oct-10

Discover Assessment Fee

0.1000%

0.0925%

15-Oct-10

NYCE Retail

0.90% + $0.12 / $0.21 min

0.75% + $0.17

1-Aug-10

Retail Premium

0.90% + $0.18 / $0.27 min

0.75% + $0.17

1-Aug-10

QSR

1.25% + $0.04

0.55% + $0.065

1-Aug-10

Supermarket

0.90% + $0.14 / $0.21 min & $0.29 max

$0.26

1-Aug-10

Supermarket Premium

0.90% + $0.20 / $0.27 min & $0.35 max

$0.26

1-Aug-10

Petroleum

0.85% + $0.10 / $0.22 min & $0.85 max

0.85% + $0.15

1-Aug-10

Petroleum Premium

0.85% + $0.16 / $0.28 min & $0.91 max

0.85% + $0.15

1-Aug-10

PINless Utility

$0.55

$0.60

1-Aug-10

PINless Utility Premium

$0.60

$0.60

1-Aug-10

PINless Education

0.75% + $0.15 / $1.95 max

0.75% + $0.20 / $1.45 max

1-Aug-10

PINless Education Premium

0.75% + $0.20 / $2.00 max

0.75% + $0.20 / $1.45 max

1-Aug-10

PINless Cable

0.70% + $0.15

1.00% + $0.07

1-Aug-10

PINless Cable Premium

0.70% + $0.20

1.00% + $0.07

1-Aug-10

Pinless Other

0.60% + $0.15 / $0.95 max

0.60% + $0.20 / $0.65 max

1-Aug-10

Pinless Other Premium

0.60% + $0.20 / $1.00 max

0.60% + $0.20 / $0.65 max

1-Aug-10

Accel Retail Premium

0.90% + $0.225

n/a

1-Nov-10

QSR Premium

1.20% + $0.185

n/a

1-Nov-10

Supermarket Premium

$0.355

n/a

1-Nov-10

Petroleum Premium

0.85% + $0.175

n/a

1-Nov-10

PINless Utility Premium

$0.660

n/a

1-Nov-10

Pinless Other Premium

0.80% + $0.25 / $1.70 max

n/a

1-Nov-10

CU24 Retail and Drugstore

0.85% + $0.16 / $0.80 max

0.75% + $0.15 / $0.80 max

1-Aug-10

QSR

1.25% + $0.03 / $0.70 max

1.25% + $0.03 / $0.45 max

1-Aug-10

Supermarket

$0.2750

$0.2300

1-Aug-10

Petroleum

0.75% + $0.18

0.75% + $0.14 / $0.70 max

1-Aug-10

Jeanie Retail Maximum Fee

$10.00

No maximum

1-Nov-10

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