PYMNTS

APRIL 1, 2020

Such concerns drove the federal government to pass the Durbin Amendment as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, but this was not the first attempt to improve the debit card situation. Mastercard and Visa handled more than 80 percent of debit transactions in 2009 — the year before the amendment passed.

Debit Card 56

Debit Card Electronic Funds Transfer (EFT) Debit Transaction Federal Reserve 56

Stax

MARCH 14, 2024

When running the debit card “as credit,” the transaction will be charged according to the debit rates noted in Visa and Mastercard’s interchange tables , not according to the debit network fee schedules. In some cases, it’s less expensive for a merchant to accept PIN debit cards than signature debit cards.

Chip Cards 88

Chip Cards CHIPS EMV Debit Card 88

Cardfellow

MARCH 11, 2025

Disloyalty Penalties Partnerships Effects on Small Businesses Lawsuit Overview The Justice Departments civil antitrust lawsuit alleges that Visa engaged in unlawful conduct regarding debit card networks. Lawsuit Details According to the lawsuit, at least 60% of all US debit transactions run on Visas debit networks.

Debit Network 40

Debit Network Debit Transaction Debit Card Agreements 40