White Paper: The Ongoing Erosion of Durbin Amendment Savings
13th February 2020Contributor:
Callum Godwin
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About the Whitepaper:
As the result of many years’ hard-fought campaigning from merchant advocates, the Durbin amendment was supposed to be a one-off, definitive solution to the problem of excessive debit card interchange fees.
Unfortunately, this was not the case. Not only were the final interchange caps far higher than initially quoted, we have since seen a plethora of new and amended network fees that have heavily eroded the savings merchants received from the Durbin amendment.
This white paper will highlight some of the issues with the Durbin amendment, what lessons can be learned from other jurisdictions, and what merchants should be doing to halt erosion of benefits and create a fair payments ecosystem.
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