Fed reveals final rules for fraud prevention adjustments
The Federal Reserve today (July 30) revealed the final rules permitting debit card issuers to receive an adjustment to maximum interchange transaction fees if issuers meet requirements for fraud prevention standards.
Under the final rules, issuers that comply with the requirements will be entitled to charge an additional one cent a transaction. In order to qualify for the adjustment, issuers must "develop and implement policies and procedures reasonably designed to take effective steps to reduce
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