11-EA-20: FRB: Debit Card Interchange Fees

The Federal Reserve Board (the Board) issued an interim final rule, which authorizes a fraud adjustment of one cent to the base debit card interchange fee. In a separate final rule, the Board set the base interchange fee at 21 cents plus five basis points of the transaction. The one cent fraud adjustment would be in addition to the 21 cents plus five basis points of the transactions. Thus, issuers eligible for the fraud adjustment would receive 22 cents for each transaction plus five basis points of the transaction.

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