{"id":25677,"date":"2024-04-25T13:06:54","date_gmt":"2024-04-25T21:06:54","guid":{"rendered":"https:\/\/tc-moskovsky.ru\/?p=25677"},"modified":"2024-04-25T14:22:03","modified_gmt":"2024-04-25T22:22:03","slug":"what-is-the-durbin-amendment-for-payments-in-the-usa","status":"publish","type":"post","link":"https:\/\/tc-moskovsky.ru\/blog\/what-is-the-durbin-amendment-for-payments-in-the-usa\/","title":{"rendered":"What is the Durbin Amendment for Payments in the USA?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"25677\" class=\"elementor elementor-25677\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-63ed8d8 e-flex e-con-boxed e-con e-parent\" data-id=\"63ed8d8\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e6a0bd4 elementor-widget elementor-widget-text-editor\" data-id=\"e6a0bd4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 25-04-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<div class=\"flex-1 overflow-hidden\"><div class=\"react-scroll-to-bottom--css-aztcx-79elbk h-full\"><div class=\"react-scroll-to-bottom--css-aztcx-1n7m0yu\"><div class=\"flex flex-col text-sm pb-9\"><div class=\"w-full text-token-text-primary\" dir=\"auto\" data-testid=\"conversation-turn-3\"><div class=\"px-4 py-2 justify-center text-base md:gap-6 m-auto\"><div class=\"flex flex-1 text-base mx-auto gap-3 juice:gap-4 juice:md:gap-6 md:px-5 lg:px-1 xl:px-5 md:max-w-3xl lg:max-w-[40rem] xl:max-w-[48rem]\"><div class=\"relative flex w-full flex-col agent-turn\"><div class=\"flex-col gap-1 md:gap-3\"><div class=\"flex flex-grow flex-col max-w-full\"><div class=\"min-h-[20px] text-message flex flex-col items-start gap-3 whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 overflow-x-auto\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"ff3e4c59-1387-44eb-bc4f-29903f54f4fd\"><div class=\"markdown prose w-full break-words dark:prose-invert dark\"><p>The Durbin Amendment has reshaped the U.S. financial system since it began in 2010. Named after its chief advocate, <a href=\"https:\/\/en.wikipedia.org\/wiki\/Dick_Durbin\" target=\"_blank\" rel=\"noopener\">Senator Richard Durbin<\/a>, this legislative moved was designed to fix the increasing interchange fees charged by banks for debit card transactions.\u00a0<\/p><p>By limiting debit card fees, the amendment tried to make a more fair financial ecosystem, promoting competition and benefiting small businesses and everyday debit card users.\u00a0<\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-60ea5e7 elementor-widget elementor-widget-heading\" data-id=\"60ea5e7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 25-04-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">Why the Durbin Amendment Exists<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-92bf680 elementor-widget elementor-widget-text-editor\" data-id=\"92bf680\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p data-sourcepos=\"3:1-3:352\">Debit card transactions involve a set of players in the\u00a0<a href=\"https:\/\/tc-moskovsky.ru\/blog\/credit-card-and-payment-processing-industry-overview\/\">payments value chain<\/a>: the\u00a0<a href=\"https:\/\/tc-moskovsky.ru\/blog\/what-is-an-issuing-bank-in-payments\/\">issuing bank<\/a>\u00a0(that provides the debit card to the consumer), the\u00a0<a href=\"https:\/\/tc-moskovsky.ru\/blog\/what-is-an-acquiring-bank-in-payments\/\">acquiring bank<\/a>\u00a0(that processes the transaction for the merchant), the\u00a0<a href=\"https:\/\/tc-moskovsky.ru\/blog\/what-are-credit-card-networks\/\">payment network<\/a>\u00a0(like Visa or Mastercard), and <a href=\"https:\/\/tc-moskovsky.ru\/blog\/difference-between-a-payment-acquirer-iso-and-payfac\/\">merchant services provider<\/a> (i.e. ISO or aggregator).\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c6440d6 elementor-widget elementor-widget-image\" data-id=\"c6440d6\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 25-04-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"768\" height=\"374\" src=\"https:\/\/tc-moskovsky.ru\/wp-content\/uploads\/2023\/05\/ISO-value-chain-768x374.png\" class=\"attachment-medium_large size-medium_large wp-image-18905\" alt=\"Acquirers and ISOs in payments\" srcset=\"https:\/\/tc-moskovsky.ru\/wp-content\/uploads\/2023\/05\/ISO-value-chain-768x374.png 768w, https:\/\/tc-moskovsky.ru\/wp-content\/uploads\/2023\/05\/ISO-value-chain-300x146.png 300w, https:\/\/tc-moskovsky.ru\/wp-content\/uploads\/2023\/05\/ISO-value-chain-1024x499.png 1024w, https:\/\/tc-moskovsky.ru\/wp-content\/uploads\/2023\/05\/ISO-value-chain-1536x748.png 1536w, https:\/\/tc-moskovsky.ru\/wp-content\/uploads\/2023\/05\/ISO-value-chain-2048x997.png 2048w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9c49ed6 elementor-widget elementor-widget-text-editor\" data-id=\"9c49ed6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p data-sourcepos=\"3:1-3:352\"><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); text-align: var(--text-align);\"><a href=\"https:\/\/tc-moskovsky.ru\/blog\/how-interchange-rates-work-in-payments\/\">Interchange fees<\/a> are a largest portion of the transaction amount paid by the acquiring bank to the issuing bank for authorizing and settling the transaction. They are also the payment processing fees that are paid by the merchant at the end of the day.<\/span><\/p><p data-sourcepos=\"3:1-3:352\"><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); text-align: var(--text-align);\">Prior to the Durbin Amendment, interchange fees were set by payment networks and were not subject to direct regulation.\u00a0<\/span><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); text-align: var(--text-align);\">Prior to the Durbin Amendment, merchants would typically see debit card fees as 2% plus $0.40 per transaction.<\/span><\/p><p data-sourcepos=\"3:1-3:352\"><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); text-align: var(--text-align);\">Concerns arose that these fees were excessively high, placing a burden on merchants and potentially leading to higher prices for consumers. The Durbin Amendment aimed to address this concern by empowering the Federal Reserve to regulate interchange fees for debit card transactions.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5503c71 elementor-widget elementor-widget-heading\" data-id=\"5503c71\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Key Provisions of the Durbin Amendment<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6a59d93 elementor-widget elementor-widget-text-editor\" data-id=\"6a59d93\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p data-sourcepos=\"11:1-11:42\"><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); text-align: var(--text-align);\">The Durbin Amendment gives the<a href=\"https:\/\/www.federalreserve.gov\/paymentsystems.htm\" target=\"_blank\" rel=\"noopener\"> Federal Reserve<\/a> the authority to set &#8220;reasonable&#8221; maximums on interchange fees for debit card transactions.\u00a0<\/span><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); text-align: var(--text-align);\">The Durbin Amendment focuses on regulating debit card interchange fees and fostering competition within the payment processing industry. Here are its key provisions:<\/span><\/p><ol data-sourcepos=\"3:1-9:312\"><li data-sourcepos=\"3:1-4:0\"><p data-sourcepos=\"3:4-3:276\"><strong>Interchange Fee Cap:<\/strong> The amendment limits the fees that banks issuing debit cards can charge retailers for processing debit card transactions. This puts the maximum fee at a set amount, currently at 0.05% and $0.21 per transaction.<\/p><\/li><li data-sourcepos=\"5:1-6:0\"><p data-sourcepos=\"5:4-5:253\"><strong>Network Routing:<\/strong> It mandates that debit card transactions be routed over at least two unaffiliated payment networks. This promotes competition among networks like Visa and Mastercard, ensuring merchants have access to multiple options.<\/p><\/li><li data-sourcepos=\"7:1-8:0\"><p data-sourcepos=\"7:4-7:269\"><strong>Restrictions on Anti-Competitive Practices:<\/strong> The Durbin Amendment prohibits exclusive arrangements between debit card networks and issuing banks. This prevents networks from locking merchants into using only their services.<\/p><\/li><li data-sourcepos=\"9:1-9:312\"><p data-sourcepos=\"9:4-9:312\"><strong>Merchant Freedoms:<\/strong> The amendment allows retailers to offer incentives to customers for using alternative payment methods like cash, debit cards from other networks, or loyalty programs. It also permits merchants to refuse accepting debit cards for small transactions where fees might outweigh the benefit.<\/p><\/li><\/ol>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bc08656 elementor-widget elementor-widget-heading\" data-id=\"bc08656\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Fees Before and After the Durbin Amendment<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-766fefd elementor-widget elementor-widget-text-editor\" data-id=\"766fefd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p data-sourcepos=\"11:1-11:42\"><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); text-align: var(--text-align);\">The Federal Reserve established a maximum limit of $0.021 per transaction plus an additional 0.05% of the transaction amount. An additional $0.01 increase could be authorized for fraud prevention initiatives.<\/span><\/p><p data-sourcepos=\"11:1-11:42\"><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); text-align: var(--text-align);\">The difference between\u00a0<\/span><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); text-align: var(--text-align);\">0.05% and $0.21 per transaction after the Durbin Amendment is much lower that the average fee of\u00a0<\/span><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); text-align: var(--text-align);\">2% and $0.40 per transaction before the Durbin Amendment. This has brought significant savings for merchants. This move has made <a href=\"https:\/\/tc-moskovsky.ru\/blog\/difference-between-debit-card-vs-credit-card-fees-for-merchants\/\">debit cards much cheaper for merchants to use than credit cards<\/a>.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-767e6ed elementor-widget elementor-widget-heading\" data-id=\"767e6ed\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The Impact of the Durbin Amendment<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-900225b elementor-widget elementor-widget-text-editor\" data-id=\"900225b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p data-sourcepos=\"17:1-17:290\">The intended result of the Durbin Amendment was to lower costs for merchants who process debit card transactions. These savings could then be passed on to consumers in the form of lower prices. However, the effectiveness of the Amendment in achieving this goal is a matter of debate. Merchants are definitely paying less, however it does not mean that consumers are paying less.<\/p>\n<p data-sourcepos=\"19:1-19:411\">Proponents argue that the Amendment has successfully reduced interchange fees, leading to potential cost savings for merchants. Opponents, however, contend that merchants have not consistently passed these savings on to consumers.&nbsp;<\/p>\n<p data-sourcepos=\"19:1-19:411\">There are also some people that argue that the Amendment has reduced innovation in the debit card market, as issuing banks have less revenue to invest in new technologies and security measures.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-554f298 elementor-widget elementor-widget-heading\" data-id=\"554f298\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Controversies, Debates, and Problems Over the Durbin Amendment Today<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-575f0d4 elementor-widget elementor-widget-text-editor\" data-id=\"575f0d4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>This legislation has stirred significant controversy and debate across various sectors. Key issues include its impact on small banks and credit unions, the actual benefits passed on to consumers, adjustments in bank fees, the distribution of benefits between merchants and consumers, and ongoing legal challenges.\u00a0<\/p><ol><li><p><strong>Impact on Small Banks and Credit Unions<\/strong>: Although the Durbin Amendment caps fees only for large banks (those with over $10 billion in assets), there has been concern about indirect impacts on smaller financial institutions. These smaller banks are not subject to the fee cap, but they may feel competitive pressures to lower their fees in line with the larger banks, potentially reducing their revenue.<\/p><\/li><li><p><strong>Effect on Consumer Prices<\/strong>: One of the primary goals of the Durbin Amendment was to lower costs for consumers by reducing merchant fees that could be passed on as savings. However, there&#8217;s been significant debate over whether merchants actually pass these savings onto consumers.<\/p><\/li><li><p><strong>Bank Fee Increases<\/strong>: In response to the revenue loss from capped interchange fees, many large banks have increased other charges, such as monthly account fees and minimum balance requirements, or reduced benefits like free checking.\u00a0<\/p><\/li><li><p><strong style=\"background-color: transparent; color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; text-align: var(--text-align);\">Legal and Regulatory Challenges<\/strong><span style=\"background-color: transparent; color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); text-align: var(--text-align);\">: The Durbin Amendment has faced various legal challenges and calls for reconsideration or repeal. Banks and payment networks have lobbied against the amendment, arguing that it imposes arbitrary constraints on their business models and interferes with market dynamics.<\/span><\/p><\/li><\/ol>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The Durbin Amendment has reshaped the U.S. financial system since it began in 2010. Named after its chief advocate, Senator Richard Durbin, this legislative moved was designed to fix the increasing interchange fees charged by banks for debit card transactions.\u00a0 By limiting debit card fees, the amendment tried to make a more fair financial ecosystem, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":25788,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[31],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is the Durbin Amendment for Payments in the USA?<\/title>\n<meta name=\"description\" content=\"The Durbin Amendment was designed to lower the interchange fees charged by banks for debit card transactions to merchants. Read more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tc-moskovsky.ru\/blog\/what-is-the-durbin-amendment-for-payments-in-the-usa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is the Durbin Amendment for Payments in the USA?\" \/>\n<meta property=\"og:description\" content=\"The Durbin Amendment was designed to lower the interchange fees charged by banks for debit card transactions to merchants. Read more.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tc-moskovsky.ru\/blog\/what-is-the-durbin-amendment-for-payments-in-the-usa\/\" \/>\n<meta property=\"og:site_name\" content=\"Credit Card Processing and Merchant Account\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/clearlypayments\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-25T21:06:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-25T22:22:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tc-moskovsky.ru\/wp-content\/uploads\/2024\/04\/Durbin-Amendment-USA.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Kalle Radage\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@kalleradage\" \/>\n<meta name=\"twitter:site\" content=\"@clearlypayments\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kalle Radage\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/tc-moskovsky.ru\/blog\/what-is-the-durbin-amendment-for-payments-in-the-usa\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/tc-moskovsky.ru\/blog\/what-is-the-durbin-amendment-for-payments-in-the-usa\/\"},\"author\":{\"name\":\"Kalle Radage\",\"@id\":\"https:\/\/tc-moskovsky.ru\/#\/schema\/person\/608d627233ee548e9312ce67fe0b72d0\"},\"headline\":\"What is the Durbin Amendment for Payments in the USA?\",\"datePublished\":\"2024-04-25T21:06:54+00:00\",\"dateModified\":\"2024-04-25T22:22:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/tc-moskovsky.ru\/blog\/what-is-the-durbin-amendment-for-payments-in-the-usa\/\"},\"wordCount\":895,\"publisher\":{\"@id\":\"https:\/\/tc-moskovsky.ru\/#organization\"},\"image\":{\"@id\":\"https:\/\/tc-moskovsky.ru\/blog\/what-is-the-durbin-amendment-for-payments-in-the-usa\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tc-moskovsky.ru\/wp-content\/uploads\/2024\/04\/Durbin-Amendment-USA.jpg\",\"articleSection\":[\"How Payments Work\"],\"inLanguage\":\"en-CA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tc-moskovsky.ru\/blog\/what-is-the-durbin-amendment-for-payments-in-the-usa\/\",\"url\":\"https:\/\/tc-moskovsky.ru\/blog\/what-is-the-durbin-amendment-for-payments-in-the-usa\/\",\"name\":\"What is the Durbin Amendment for Payments in the USA?\",\"isPartOf\":{\"@id\":\"https:\/\/tc-moskovsky.ru\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tc-moskovsky.ru\/blog\/what-is-the-durbin-amendment-for-payments-in-the-usa\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tc-moskovsky.ru\/blog\/what-is-the-durbin-amendment-for-payments-in-the-usa\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tc-moskovsky.ru\/wp-content\/uploads\/2024\/04\/Durbin-Amendment-USA.jpg\",\"datePublished\":\"2024-04-25T21:06:54+00:00\",\"dateModified\":\"2024-04-25T22:22:03+00:00\",\"description\":\"The Durbin Amendment was designed to lower the interchange fees charged by banks for debit card transactions to merchants. Read more.\",\"breadcrumb\":{\"@id\":\"https:\/\/tc-moskovsky.ru\/blog\/what-is-the-durbin-amendment-for-payments-in-the-usa\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tc-moskovsky.ru\/blog\/what-is-the-durbin-amendment-for-payments-in-the-usa\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\/\/tc-moskovsky.ru\/blog\/what-is-the-durbin-amendment-for-payments-in-the-usa\/#primaryimage\",\"url\":\"https:\/\/tc-moskovsky.ru\/wp-content\/uploads\/2024\/04\/Durbin-Amendment-USA.jpg\",\"contentUrl\":\"https:\/\/tc-moskovsky.ru\/wp-content\/uploads\/2024\/04\/Durbin-Amendment-USA.jpg\",\"width\":1920,\"height\":1280,\"caption\":\"What is the Durbin Amendment for Payments in the USA?\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tc-moskovsky.ru\/blog\/what-is-the-durbin-amendment-for-payments-in-the-usa\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tc-moskovsky.ru\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What is the Durbin Amendment for Payments in the USA?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tc-moskovsky.ru\/#website\",\"url\":\"https:\/\/tc-moskovsky.ru\/\",\"name\":\"Credit Card Processing and Merchant Account\",\"description\":\"Friendliest Payment Processor on Earth\",\"publisher\":{\"@id\":\"https:\/\/tc-moskovsky.ru\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tc-moskovsky.ru\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-CA\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/tc-moskovsky.ru\/#organization\",\"name\":\"TCM\",\"url\":\"https:\/\/tc-moskovsky.ru\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\/\/tc-moskovsky.ru\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/tc-moskovsky.ru\/wp-content\/uploads\/2020\/01\/Asset-1@3x.png\",\"contentUrl\":\"https:\/\/tc-moskovsky.ru\/wp-content\/uploads\/2020\/01\/Asset-1@3x.png\",\"width\":2913,\"height\":902,\"caption\":\"TCM\"},\"image\":{\"@id\":\"https:\/\/tc-moskovsky.ru\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/clearlypayments\",\"https:\/\/x.com\/clearlypayments\",\"https:\/\/www.linkedin.com\/company\/clearlypayments\",\"https:\/\/www.youtube.com\/channel\/UCUCzQokVSCniiISETs-R6mg\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/tc-moskovsky.ru\/#\/schema\/person\/608d627233ee548e9312ce67fe0b72d0\",\"name\":\"Kalle Radage\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\/\/tc-moskovsky.ru\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/65d359bc79497b225799d34b9d24421b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/65d359bc79497b225799d34b9d24421b?s=96&d=mm&r=g\",\"caption\":\"Kalle Radage\"},\"description\":\"Kalle Radage is a tech entrepreneur and business leader. Kalle is the Co-founder and Chairman of TCM and Co-founder and COO of Neptune Digital Assets. He has scaled technology companies from the ground up and held leadership roles at global enterprises. Previously, he was a venture capitalist, investing in and helping grow innovative companies. He strives to build teams and products that people love. He has lived and worked in Silicon Valley, Europe, Boston, and Vancouver. He received a computer science degree from UBC in Canada and an MBA from IESE in Spain. Kalle works to be an active tech community member as an advisor, investor, and board member. He enjoys skiing, biking, climbing, and surfing.\",\"sameAs\":[\"https:\/\/tc-moskovsky.ru\",\"https:\/\/www.linkedin.com\/in\/kalleradage\/\",\"https:\/\/x.com\/kalleradage\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What is the Durbin Amendment for Payments in the USA?","description":"The Durbin Amendment was designed to lower the interchange fees charged by banks for debit card transactions to merchants. Read more.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tc-moskovsky.ru\/blog\/what-is-the-durbin-amendment-for-payments-in-the-usa\/","og_locale":"en_US","og_type":"article","og_title":"What is the Durbin Amendment for Payments in the USA?","og_description":"The Durbin Amendment was designed to lower the interchange fees charged by banks for debit card transactions to merchants. Read more.","og_url":"https:\/\/tc-moskovsky.ru\/blog\/what-is-the-durbin-amendment-for-payments-in-the-usa\/","og_site_name":"Credit Card Processing and Merchant Account","article_publisher":"https:\/\/www.facebook.com\/clearlypayments","article_published_time":"2024-04-25T21:06:54+00:00","article_modified_time":"2024-04-25T22:22:03+00:00","og_image":[{"width":1920,"height":1280,"url":"https:\/\/tc-moskovsky.ru\/wp-content\/uploads\/2024\/04\/Durbin-Amendment-USA.jpg","type":"image\/jpeg"}],"author":"Kalle Radage","twitter_card":"summary_large_image","twitter_creator":"@kalleradage","twitter_site":"@clearlypayments","twitter_misc":{"Written by":"Kalle Radage","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/tc-moskovsky.ru\/blog\/what-is-the-durbin-amendment-for-payments-in-the-usa\/#article","isPartOf":{"@id":"https:\/\/tc-moskovsky.ru\/blog\/what-is-the-durbin-amendment-for-payments-in-the-usa\/"},"author":{"name":"Kalle Radage","@id":"https:\/\/tc-moskovsky.ru\/#\/schema\/person\/608d627233ee548e9312ce67fe0b72d0"},"headline":"What is the Durbin Amendment for Payments in the USA?","datePublished":"2024-04-25T21:06:54+00:00","dateModified":"2024-04-25T22:22:03+00:00","mainEntityOfPage":{"@id":"https:\/\/tc-moskovsky.ru\/blog\/what-is-the-durbin-amendment-for-payments-in-the-usa\/"},"wordCount":895,"publisher":{"@id":"https:\/\/tc-moskovsky.ru\/#organization"},"image":{"@id":"https:\/\/tc-moskovsky.ru\/blog\/what-is-the-durbin-amendment-for-payments-in-the-usa\/#primaryimage"},"thumbnailUrl":"https:\/\/tc-moskovsky.ru\/wp-content\/uploads\/2024\/04\/Durbin-Amendment-USA.jpg","articleSection":["How Payments Work"],"inLanguage":"en-CA"},{"@type":"WebPage","@id":"https:\/\/tc-moskovsky.ru\/blog\/what-is-the-durbin-amendment-for-payments-in-the-usa\/","url":"https:\/\/tc-moskovsky.ru\/blog\/what-is-the-durbin-amendment-for-payments-in-the-usa\/","name":"What is the Durbin Amendment for Payments in the USA?","isPartOf":{"@id":"https:\/\/tc-moskovsky.ru\/#website"},"primaryImageOfPage":{"@id":"https:\/\/tc-moskovsky.ru\/blog\/what-is-the-durbin-amendment-for-payments-in-the-usa\/#primaryimage"},"image":{"@id":"https:\/\/tc-moskovsky.ru\/blog\/what-is-the-durbin-amendment-for-payments-in-the-usa\/#primaryimage"},"thumbnailUrl":"https:\/\/tc-moskovsky.ru\/wp-content\/uploads\/2024\/04\/Durbin-Amendment-USA.jpg","datePublished":"2024-04-25T21:06:54+00:00","dateModified":"2024-04-25T22:22:03+00:00","description":"The Durbin Amendment was designed to lower the interchange fees charged by banks for debit card transactions to merchants. Read more.","breadcrumb":{"@id":"https:\/\/tc-moskovsky.ru\/blog\/what-is-the-durbin-amendment-for-payments-in-the-usa\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tc-moskovsky.ru\/blog\/what-is-the-durbin-amendment-for-payments-in-the-usa\/"]}]},{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/tc-moskovsky.ru\/blog\/what-is-the-durbin-amendment-for-payments-in-the-usa\/#primaryimage","url":"https:\/\/tc-moskovsky.ru\/wp-content\/uploads\/2024\/04\/Durbin-Amendment-USA.jpg","contentUrl":"https:\/\/tc-moskovsky.ru\/wp-content\/uploads\/2024\/04\/Durbin-Amendment-USA.jpg","width":1920,"height":1280,"caption":"What is the Durbin Amendment for Payments in the USA?"},{"@type":"BreadcrumbList","@id":"https:\/\/tc-moskovsky.ru\/blog\/what-is-the-durbin-amendment-for-payments-in-the-usa\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tc-moskovsky.ru\/"},{"@type":"ListItem","position":2,"name":"What is the Durbin Amendment for Payments in the USA?"}]},{"@type":"WebSite","@id":"https:\/\/tc-moskovsky.ru\/#website","url":"https:\/\/tc-moskovsky.ru\/","name":"Credit Card Processing and Merchant Account","description":"Friendliest Payment Processor on Earth","publisher":{"@id":"https:\/\/tc-moskovsky.ru\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tc-moskovsky.ru\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-CA"},{"@type":"Organization","@id":"https:\/\/tc-moskovsky.ru\/#organization","name":"TCM","url":"https:\/\/tc-moskovsky.ru\/","logo":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/tc-moskovsky.ru\/#\/schema\/logo\/image\/","url":"https:\/\/tc-moskovsky.ru\/wp-content\/uploads\/2020\/01\/Asset-1@3x.png","contentUrl":"https:\/\/tc-moskovsky.ru\/wp-content\/uploads\/2020\/01\/Asset-1@3x.png","width":2913,"height":902,"caption":"TCM"},"image":{"@id":"https:\/\/tc-moskovsky.ru\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/clearlypayments","https:\/\/x.com\/clearlypayments","https:\/\/www.linkedin.com\/company\/clearlypayments","https:\/\/www.youtube.com\/channel\/UCUCzQokVSCniiISETs-R6mg"]},{"@type":"Person","@id":"https:\/\/tc-moskovsky.ru\/#\/schema\/person\/608d627233ee548e9312ce67fe0b72d0","name":"Kalle Radage","image":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/tc-moskovsky.ru\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/65d359bc79497b225799d34b9d24421b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/65d359bc79497b225799d34b9d24421b?s=96&d=mm&r=g","caption":"Kalle Radage"},"description":"Kalle Radage is a tech entrepreneur and business leader. Kalle is the Co-founder and Chairman of TCM and Co-founder and COO of Neptune Digital Assets. He has scaled technology companies from the ground up and held leadership roles at global enterprises. Previously, he was a venture capitalist, investing in and helping grow innovative companies. He strives to build teams and products that people love. He has lived and worked in Silicon Valley, Europe, Boston, and Vancouver. He received a computer science degree from UBC in Canada and an MBA from IESE in Spain. Kalle works to be an active tech community member as an advisor, investor, and board member. He enjoys skiing, biking, climbing, and surfing.","sameAs":["https:\/\/tc-moskovsky.ru","https:\/\/www.linkedin.com\/in\/kalleradage\/","https:\/\/x.com\/kalleradage"]}]}},"_links":{"self":[{"href":"https:\/\/tc-moskovsky.ru\/wp-json\/wp\/v2\/posts\/25677"}],"collection":[{"href":"https:\/\/tc-moskovsky.ru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tc-moskovsky.ru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tc-moskovsky.ru\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/tc-moskovsky.ru\/wp-json\/wp\/v2\/comments?post=25677"}],"version-history":[{"count":55,"href":"https:\/\/tc-moskovsky.ru\/wp-json\/wp\/v2\/posts\/25677\/revisions"}],"predecessor-version":[{"id":25840,"href":"https:\/\/tc-moskovsky.ru\/wp-json\/wp\/v2\/posts\/25677\/revisions\/25840"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tc-moskovsky.ru\/wp-json\/wp\/v2\/media\/25788"}],"wp:attachment":[{"href":"https:\/\/tc-moskovsky.ru\/wp-json\/wp\/v2\/media?parent=25677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tc-moskovsky.ru\/wp-json\/wp\/v2\/categories?post=25677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tc-moskovsky.ru\/wp-json\/wp\/v2\/tags?post=25677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}