faq:emv-us
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faq:emv-us [2019/06/03 14:03 (5 years ago)] – kevin | faq:emv-us [2019/06/03 14:33 (5 years ago)] – kevin | ||
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==== Durbin Amendment Cap ==== | ==== Durbin Amendment Cap ==== | ||
- | [[Durbin Amendment Cap|The Durbin Amendment]] to the Wall Street Reform and Consumer Protection Act has capped debit fees at 0.05% plus a $0.21 transaction fee for banks with assets of $10 billion dollars or more. Banks with less than $10 billion in assets have not had their fees capped. The rates used in the examples above assume that unregulated debit cards were accepted. | + | [[https:// |
The Durbin Amendment has caused the card brands to create two sets of fees: one for regulated card-issuing banks, and another for unregulated card-issuing banks. | The Durbin Amendment has caused the card brands to create two sets of fees: one for regulated card-issuing banks, and another for unregulated card-issuing banks. |
faq/emv-us.txt · Last modified: 2023/09/05 08:48 (7 months ago) by craig