Pricing Moves May Affect Small Debit Purchases

October 2011
Credit Union Journal;10/3/2011, Vol. 15 Issue 38, p1
Trade Publication
The article presents the insights of various credit union (CU) chief executive officers (CEOs) on the impact of the new debit interchange guidelines to small-ticket purchases in the U.S. Thomas McCrohan says that small-ticket transactions will default to the 23 percent regulated cap. Bill Hardekopf mentions that merchants will require consumers to spend at least 10 dollars to use a debit card. Moreover, Jim Park notes that the rules create chaos within the financial industry.


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