Without Durbin Delay, A Lot Of Work To Be Done In A Short Time

Birch, Ray
June 2011
Credit Union Journal;6/13/2011, Vol. 15 Issue 22, p8
Trade Publication
The article reports that U.S. financial institutions, payment systems, merchants, and card processors have a lot of tasks to do in preparation for the enforcement of the new debit interchange guidelines on July 21, 2011 as the Congress declines to hold up the Durbin Amendment on interchange. It states that fee tables and data processing changes should made for the acceptance of a new two-tiered system. CO-OP Financial Services executive vice-president (EVP) Jim Hanisch comments on the new rules


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