Video: Durbin Amendment Erosion and its Impact on Merchants
06th June 2019Contributor:
Alex Ellwood
Related Tags
The Durbin amendment, implemented in 2011, was estimated to deliver $9.37 billion in annual savings for merchants (based on estimated 2019 volumes). Fast-forward to 2019, and 28 new or amended merchant fees have been introduced by Visa and Mastercard – each one adding further complexity – continually wearing down the benefits of regulatory intervention. To date, more than half of regulation benefits of the Durbin amendment have now been eroded.
In this video, CMSPI’s team lends their expertise to explain how the erosion of the Durbin amendment is impacting merchants in the U.S.
Our main goal with this study is to show that while CMSPI is able to drive savings and have a positive impact on a merchant's supply chain, we don't want to lose sight of the fact that many costs are continually increasing in other parts of a merchant's supply chain.
CJ Brown - Technical Consultant
You Might Also Be Interested In These...
Apple has announced that in Summer 2019 it will be releasing a new way for consumers to pay: the Apple Card.
Read More >In this latest edition of Payments Intelligence, we discuss the rapidly eroding benefits of the Durbin amendment.
Read More >Visa and Mastercard are close to agreeing a deal with the European Commission to lower interchange fees charged to EU merchants accepting cards from outside the EU.
Read More >As one fee decreases, another pops up to take its place. We highlight common errors (or moles!) we regularly encounter during a holistic card processing review.
Read More >