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Comments due: Federal Reserve (proposed rule; debit card interchanges fees, routing)

August 11

The Federal Reserve proposes to clarify that card-not-present transactions are a “particular type of transaction” for which two unaffiliated payment card networks must be available; and the responsibility of the debit card issuer in ensuring that at least two unaffiliated networks have in fact been enabled to comply with the regulation.

Reg lookup: Debit Card Interchange Fees and Routing

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Date:
August 11
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