Breaking NewsCUTimes.com will be offline for scheduled maintenance Friday Feb. 26 9 PM US EST to Saturday Feb. 27 6 AM EST. We apologize for the inconvenience.

 
X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOUSTON – Credit unions which use the PULSE EFT network, will see an average 20% increase in their PULSE interchange starting June 1, 2005 as the debit network adopts a tiered interchange structure similar to that used by MasterCard and Visa. Previously the network, which had been owned by financial institutions until it merged with Discover in January 2005, had charged merchants a flat fee of 18 cents per transaction along with a switch fee that Pulse kept as a revenue stream. Now the debit network has adopted a tiered structure which will have separate categories for grocery and general retailers and a number of tiers within each category, according to Cindy Ballard, a vice president for the network. The small switching fee PULSE charges will also increase, Ballard said. She declined to say how many tiers the network would use

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.