Appeals Court docket Challenges Fed’s Debit Payment Cap

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For greater than a decade, bankers and retailers have operated below the Fed’s 21-cent cap on debit card interchange charges. Now, that cap might be on its manner out after the Eighth U.S. Circuit Court docket of Appeals upheld a ruling that discovered the speed was set too excessive. The choice may reshape how banks are compensated for debit transactions, with implications for retailers that pay the charges and banks that acquire…

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Classes: Analysts Protection,Debit,Debit Card Charges,Durbin Modification,Federal Reserve,Swipe Charges,Visa

Tags: Debit,Debit Card Charges,Durbin Modification,Federal Reserve,Swipe Charges,Visa

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