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43478 Federal Register / Vol. 76, No. 139 / Wednesday, July 20, 2011 / Rules and Regulations FEDERAL RESERVE SYSTEM 12 CFR Part 235 Regulation II; Docket No. R 1404 RIN 7100 AD 63 Debit Card Interchange.

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Regulation II (Debit Card Interchange Fees and Routing) establishes standards for assessing whether a debit card interchange fee received by a debit card issuer for an electronic debit transaction is reasonable and proportional to the costs incurred by the issuer with respect to the transaction.

fees that certain debit card processors can charge merchants. Due to the Durbin Amendment to the Dodd-Frank Act of 2010, debit card interchange. The fees charged by the Issuer to the Acquirer. fees are now capped at 21 cents plus 0.05%of the transaction.

The Board's Regulation II provides that an issuer subject to the interchange fee standard (a covered issuer) may not receive, for any electronic debit transaction, an interchange fee that exceeds $0.21 plus 0.05 percent multiplied by the value of the transaction, plus a $0.01 fraud-prevention adjustment, if eligible.

The IFR is not just about card fee caps They include requirements for an acquirer bank to give their customers (merchants) information about the costs of accepting different brands and categories of cards (credit, debit, prepaid and commercial). This should help merchants negotiate a better deal with their banks.

Regulation II Expanded to Require Two Unaffiliated Networks on Card Not Present Transactions. On October 3, 2022, the Federal Reserve finalized a rule expanding Regulation II (Debit Card Interchange Fees and Routing), the implementing regulation for the Durbin Amendment.

Regulation II (Debit Card Interchange Fees and Routing) The statute exempts any debit card issuer that, together with its affiliates, has assets of less than $10 billion.

The regulated debit fee is 0.05% + $0.21, while the unregulated is 1.60% + $0.05. Before the Durbin Amendment the fee was 1.190% + $0.10/. The regulated interchange fee covers Signature, PIN, along with both card present and card not present debit card transactions.

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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232