What Merchants Should Look for with the Federal Debit Card Ruling

Posted by Jesse on Sep 10, 2013 in General, Payment Processing | Comments Off on What Merchants Should Look for with the Federal Debit Card Ruling

Last month US District Judge Richard Leon made a ruling declaring that the Durbin bill debit card regulations had sided to much with banks.  Two important parts came from his ruling.  First, the debit fees should be capped at a lower rate by the Fed.  Second, there need to be multiple network options available to the merchant.  These both look to change the payments industry in separate ways.   First, lets look at the fee caps.  The original cap in the Durbin amendment looked to cap rates around $0.22 per transaction.  Ultimately we...