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faq:emv-us [2019/06/03 14:03]
kevin
faq:emv-us [2019/06/03 14:33] (current)
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://​en.wikipedia.org/​wiki/​Durbin_amendment|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.
  
 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 ยท Last modified: 2019/06/03 14:33 by kevin