Measuring Some Effects of the 2011 Debit Card Interchange Fee Reform
31 Pages Posted: 10 Jan 2014
Date Written: June 24, 2013
Abstract
In October 2011, new rules governing debit card interchange fees became effective in the United States. These rules limit the maximum permissible interchange fee that an issuer can charge merchants for a debit card transaction. Using new data from the Boston Fed's 2012 Diary of Consumer Payment Choice, this paper provides simple calculations that identify the transaction values by consumer expenditure category for which interchange fees became higher and lower under the new rules.
Keywords: Debit card interchange fees
JEL Classification: G28
Suggested Citation: Suggested Citation
Shy, Oz, Measuring Some Effects of the 2011 Debit Card Interchange Fee Reform (June 24, 2013). Available at SSRN: https://ssrn.com/abstract=2376628 or http://dx.doi.org/10.2139/ssrn.2376628
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