The Effect Of the Durbin Amendment on Debit Fees

July 13, 2011

Article by: Heartland Payment Systems

Heartland Payment Systems is a staunch supporter of the Durbin Amendment that was finalized on July 12 2011. Finally this amendment will cap the transaction fees of debit cards whether swiped or key entered.

Many processors will not honor this cap because they don t have to. Heartland has pledged to pass through this cap just as we do with our "Interchange Plus" pricing that allows our merchants to see the true cost of the cards that they are accepting.

Are you being overcharged?

Please take a look at the article from American Banker and let us know what you think.