In an ever-changing landscape, keep ahead of the curve with insights and industry news from Optimized Payments.
Good article on steering consumers to less costly debit cards from Internet Retailer... The ink is barely dry on the Federal Reserve Board’s June 29 ruling ordering a cut in debit fees, but already about one in six retailers are planning to steer online shoppers to...
Today the Federal Reserve Board issued final rules of the Durbin Amendment, part of the Dodd-Frank Act signed into law in July 2010 by President Obama. The Durbin Amendment gave authority to the Federal Reserve to regulate debit (signature, PIN, and PINless)...
Here's a good and thorough list of questions and answers on the Durbin amendment and Fed's proposed rules from BAMS. 1. What is the official name of the reform act? Section 1075, which contains the Durbin Amendment (sometimes referred to as a provision or act), is but...
Two weeks ago, Visa announced that it will support a two-tier debit interchange structure - the current debit interchange rates for issuers with assets less than $10 billion and the new capped debit rates being developed by the Federal Reserve for larger issuers. ...
This article examines the debit interchanges rules proposed by the Federal Reserve last month and how they will likely impact the merchant community.
