Now that regulations implementing the Durbin amendment are finalized–at least for the short term–credit unions have to decide how many debit networks they want and if they have to join any.
Under the amendment's network exclusivity provisions, CUs must have at least two nonaffiliated debit networks. They can both be networks that process debit transactions that are authenticated with signatures or PINs or they can be one of each.
The network exclusivity provisions also allow merchants to route debit transactions along networks that cost them the least.
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