Most Recent Federal Reserve Ruling on the Durbin Amendment to Dodd-Frank Capping Debit Card Interchange Fees

On June 29th 2011, the Federal Reserve released its proposed final rule to cap debit card interchange rates at $0.21 + 0.05% plus an additional $0.01 for costs related to fraud prevention, if the issuing bank meets certain standards and practices for preventing fraud. This cap will apply to both Signature and PIN debit transactions, and to both card present and card not present debit transactions. This rule went into effect in October 2011, and caps the interchange fees that can be collected by issuing banks with over $10 billion in assets.

Burlington Bank Card strives to provide our merchants with secure and reliable interchange plus merchant payment processing, transparent pricing, and one-on-one personal service.

Burlington Bank Card always passes on true Interchange costs to all of our merchants: Rates & Pricing

Please call 1-800-758-1002 or contact us to learn more about Interchange Plus Credit Card Processing, and how Burlington Bank Card can help your business get the full cost savings provided by the Durbin Amendment and Federal Reserve caps on Debit Card Interchange Fees.   

Visa Signature Debit Card Interchange Rates October 2011

Visa Signature Debit Card Interchange Rates October 2011

  • Card Present: 0.95% + $0.20
  • Card Not Present: 1.60% + $0.15
  • Capped Rate: 0.05% + $0.21
MasterCard Signature Debit Card Interchange Rates October 2011

MasterCard Signature Debit Card Interchange Rates October 2011

  • Card Present: 1.05% + $0.15
  • Card Not Present: 1.64% + $0.16
  • Capped Rate: 0.05% + $0.21
Discover Signature Debit Card Interchange Rates October 2011

Discover Signature Debit Card Interchange Rates October 2011

  • Card Present: 1.02% + $0.16
  • Card Not Present: 1.62% + $0.16
  • Capped Rate: 0.05% + $0.21