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CUs Battle for Interchange Slice: Guest Opinion

The U.S. interchange battle between merchants and issuers is coming to a close now that the Durbin Amendment has been interpreted by the Federal Reserve Bank.

By Madeline Aufseeser | Updated on August 17, 2011

The U.S. interchange battle between merchants and issuers is coming to a close now that the Durbin Amendment has been interpreted by the Federal Reserve Bank.

What’s left has the industry scrambling for compliance. Large debit card and prepaid card issuers are already grieving over significant losses in revenue and the added expense of making it all work. The merchant community has largely prevailed, but not to the extent that it had hoped, given that the interchange rate cap was set at a higher level than was originally anticipated. In general, merchants persevered, however, and have become the major force in the routing of debit-based transactions. 

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