article thumbnail

AI for Debit Routing: Saving on Debit Transactions

Cardfellow

In this article, well look at the first one – how AI can help save your business money through debit card interchange optimization. Debit Routing Background The Durbin Amendment and PIN Debit Routing Choosing Debit Networks AI for Debit Routing Which processors offer AI debit routing optimization?

article thumbnail

Deep Dive: How Payment Card Networks Win Merchants Over

PYMNTS

Global operators’ growing dominance over smaller competitors thus sparked concerns that the bigger networks’ exclusivity deals were quashing competition, sparking the need for protective legislation. Consumers’ funds are then sent to PIN debit network operators, which extract interchange fees and pass the rest to merchants’ banks.

article thumbnail

Justice Department Sues Visa for Debit Monopoly

Cardfellow

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.