Board Of Governors news and trends

Fed Tightens Rules on Card-Not-Present Debit Transactions

October 03, 2022
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Fed Tightens Rules on Card-Not-Present Debit Transactions

October 03, 2022
The Federal Reserve’s Board of Governors said Monday (Oct, 3) that it was officially ending so-called network exclusivity and would instead require all debit card issuers to enable merchants to pick from at least two unaffiliated payment card networks.  In a statement, the Fed noted that the final language of the new rule was “substantially […]