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Friday, July 27, 2012

Fed Issues Final Interchange Fraud Rule

The Federal Reserve issued a final rule on interchange this afternoon. The rule will allow issuers to adjust their rates up to one cent per transaction. This rate is the same as the interim final rule. The final rule does make changes simplifying the elements required to be included in an issuer's fraud-prevention policies and procedures.

Read the press release.
Read the rule.

See some of ABA's resources on interchange policy.

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