Fed s Issues Final Interchange Rule - American Banker Article
The amendment to the rule, which was released by the central bank on
Friday, will allow an issuer to receive or charge an amount of no more
than 1 cent per transaction, the same amount currently permitted, in
addition to any interchange transaction fee, if the issuer develops a
process to reduce the occurrence of fraudulent electronic debit
transactions.
The Fed didn't make any significant changes to an earlier interim rule, which will go into effect on October 1.
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