Searching for an update on the new interchange regulations just announced? Get the skinny here. If you are a merchant, this is what you need to know.
On June 29, 2011, the Federal Reserve Board (FRB) approved the final regulations for section 920 of the Electronic Fund Transfer Act as amended by section 1075 of the Dodd-Frank Act.
Although all parties have yet to determine the complete costs of both Signature Debit, and Pin Debit interchange, we would like to share the information provided to date.