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Tuesday, May 1, 2012

Average Debit Card Interchange Fees Decline Substantially

The Federal Reserve Board on Tuesday published comparative information on the average debit card interchange fees that each payment card network charges acquirers (and indirectly merchants) and provides to debit card issuers.

As part of the Board’s interchange fee standards rulemaking process, the Board collected 2009 data from payment card networks. The aggregate data provided by the networks indicated that the average interchange fee for all issuers was 43 cents. Data collected after the rule took effect on October 2011 show that the average interchange fee per transaction received by non-exempt issuers in the fourth quarter of 2011 declined substantially to 24 cents while the average interchange fee received by exempt issuers was 43 cents.

Read the Federal Reserve Board press release.
Average Debit Card Interchange Fee by Payment Card Network

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