Visa will offer a dual debit interchange schedule that network sources say should allow credit unions and other smaller asset debit issuers to substantially shield their debit interchange income from drastic decreases, at least temporarily.

Visa's announcement came on a Jan. 7 Web conference conducted by senior Visa executives for the executives of payment networks and CUSOs, network sources confirmed. One of the participants was Bill Sheedy, group executive for the Americas for Visa. Sheedy told executives that the debit interchange schedule for card issuers that are exempt from the proposed debit interchange cap would be "substantially similar" to existing debit interchange, the sources reported.

But he also noted that debit interchange would still likely face downward pressure and that future debit interchange levels could not be guaranteed.

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