How Smaller Financial Institutions Can Make the New Fed Debit Card Reg a Win for Customers
Gonzobanker
OCTOBER 27, 2022
In early October, the Federal Reserve finalized a rule, known as Regulation II (Debit Card Interchange Fees and Routing), that requires every debit card transaction to have access to two unaffiliated payment card networks. The Fed’s rationale is that technology has advanced to properly support CNP with multiple networks.
Let's personalize your content