Publications February 13th 2023

The Attack on Merchant Debit Savings Report

The Federal Reserve ultimately clarified in October 2022 that existing law requires network competition for online transactions. This represents a big opportunity for merchants, consumers, and domestic debit networks, but there’s work to be done.

Author Image

Christian Johnson

Senior Manager, Global Advocacy Manager

While the debit industry has mitigated some of the challenges associated with in-store debit routing, there’s a concern that an attack on debit will ensue despite the Federal Reserve’s October 2022 clarification.

This report outlines the Card Not Present digital debit routing opportunity for merchants and consumers while highlighting the potential threats that, without regular monitoring, analysis and continued industry oversight, may limit growth opportunities and potential access to the $3 billion in annual savings available to card-accepting businesses and their consumers.

Interested in reviewing the key takeaways from the report? Read ‘The Attack on Merchant Debit Savings Summary’.