The Fed’s ruling imposes a fee cap of 21 cents per transaction and five basis points. The fee adjustment aims to offset interchange losses called for in the Dodd-Frank Wall Street Reform and Consumer Protection Act. A card issuer that invests in “new and improved” fraud prevention solutions tied to debit now could receive 24 cents. That could mean more interest in investments in advanced card technology such as EMV – the Europay, MasterCard, Visa standard. The effective date of the fee cap has been extended from July 21 to Oct. 1.”]
Source: https://www.cuinfosecurity.com/feds-impact-on-fraud-funding-a-3814