TITLE

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

AUTHOR(S)
Birch, Ray
PUB. DATE
June 2011
SOURCE
Credit Union Journal;6/13/2011, Vol. 15 Issue 22, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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
ACCESSION #
61294209

 

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