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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?

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Deep Dive: How Payment Card Networks Win Merchants Over

PYMNTS

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. billion debit purchases that year, for example, and merchants paid $0.44 PIN vs. PINless Processing.

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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.