We notice you are visiting from a U.S. Internet provider. 
17/12/2010 -
The Federal Reserve Board recently requested comment on its proposed rule establishing debit card interchange fee standards and disallowing network exclusivity arrangements and routing restrictions.The proposed rule entitled, Regulation II, Debit-Card Interchange Fees and Routing, would institute the debit card interchange fee and routing provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act. These rules would be applicable to issuers that have $10 billion or more in assets while certain government payment processing programs and prepaid cards would be exempt from the limitations.
Comments are being sought on alternative interchange fee standards such as one based on each issuer's costs, with a safe harbor of 7 cents per transaction and a cap of 12 cents per transaction, and another that would institute a stand-alone cap of 12 cents per transaction.
"Any reduction in swipe fees at all, large or small, is a benefit for consumers because retailers are highly competitive and will share that savings with their customers," Mallory Duncan, senior vice president at the National Retail Federation, said in a statement.
