TITLE

Worries Over A 'Race To Bottom' In Debit

AUTHOR(S)
Birch, Ray
PUB. DATE
August 2011
SOURCE
Credit Union Journal;8/8/2011, Vol. 15 Issue 30, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents the insights of several credit union (CU) officials on the potential issues of PIN networks choices under the debit card interchange rules and how to avoid race to the bottom. T. J. Rija of PayFusion says that the rule may affect the processing performance of the network. Jeff Russell of Members Group Inc. suggests that if the race to the bottom occurs, CUs must choose a network which will provide appropriate coverage and will help CUs through the 18 to 24 months of change.
ACCESSION #
64134257

 

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