Remove Consumer Protection Remove Debit Network Remove Electronic Funds Transfer (EFT)
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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. Consumersfunds are then sent to PIN debit network operators, which extract interchange fees and pass the rest to merchants’ banks.