Payments
How Regulation II Caps Debit Interchange Fees at 21 Cents
The Federal Reserve's Regulation II limits what banks with $10 billion or more in assets can charge merchants per debit swipe, and the gap between covered and…
Author
Naomi Bergman
Naomi Bergman covers the systems that move money, and the small design decisions inside them that quietly decide who gets served.
Articles by Naomi Bergman
Business News
Federal Reserve Caps Debit Interchange At 21 Cents Plus Fraud Fee
Regulation II limits what large debit card issuers can collect on a swipe to a formula set in 2011 that the Fed proposed lowering in 2023 but has not changed in…
Payments
What Interchange Fees Actually Are — and Who Ends Up Paying Them
Interchange is the fee a merchant's bank pays the cardholder's bank on every card transaction, and it is set by the networks, not negotiated by the store on the…