Tag: Durbin Amendment

Explore how the Durbin Amendment regulates debit card interchange fees, reducing costs for merchants while affecting revenue for banks, and shaping the payments landscape in the banking industry.

Fighting Fire with Fire: Bankers Want No Changes to Durbin Amendment

by Sarah Grotta

May 4, 2022

Interchange rates are the fees that merchants pay to card issuers for the acceptance of credit and debit cards. These ...

Judge Rules in PULSE’s Favor Regarding Debit Routing

by Sarah Grotta

April 6, 2022

Debit routing is the process of debit card transactions being routed through various payment processors in order to find the ...

financial management, American Express data-driven, Durbin Amendment free checking

Durbin Amendment Update: No More Free Checking for the Poor

by PaymentsJournal

January 24, 2018

Free checking accounts, once a staple of consumer banking, are disappearing—especially for low-income individuals. The Durbin Amendment, initially introduced to ...