The Federal Reserve said Thursday it is not planning to proposea change to the current interchange fee standard or fraudprevention adjustment.

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The Fed made the decision based on the results of a survey ofdebit card transaction costs, which is mandated by the Dodd-FrankAct.

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The Fed also reported that debitcard fraud losses increased in 2013, compared to 2011.

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“As in prior years, covered issuers' costs of authorizing,clearing, and settling (ACS) debit card transactions, excludingissuer fraud losses, varied greatly across respondents in 2013,with the median issuer having an average ACS cost of 14.9 cents andthe issuer at the 75th percentile having an average ACS cost of42.2 cents,” the Fed said in a release.

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“Issuers with the highest debit card transaction volumegenerally had the lowest ACS costs per transaction as reflected inan overall average of 4.4 cents per transaction, down from 5 centsper transaction in 2011. Conversely, issuers with the smallestdebit card programs generally had the highest ACS costs pertransaction,” the release also said. The Fed also estimated that debit card fraud losses tomerchants, cardholders and issuers was $1.57 billion in 2013, withan “average loss of approximately 8 basis points as a share oftransaction value, up slightly from 2011.”

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