As many credit unions across the country have begun to reevaluate their PIN debit networks in light of the Durbin amendment, it appears the largest card brand is also rethinking its debit pricing.
Visa changing debit pricing to merchants in attempt to prepare for competition after Durbin regulations.
On Dec. 16, the Federal Reserve Board released draft rules for comment on the Dodd-Frank Wall Street Reform Act,
The year 2010 will be remembered as when the federal government got involved in how much interchange banks and credit unions earn on their debit card transactions.
The Durbin Amendment to the Dodd-Frank financial reform act will likely cut credit union debit card income in the short term but may also spur further innovations in the payments industry.
Find out how our readers ranked the top 10 stories of 2010.