Print Page   |   Contact Us   |   Your Cart   |   Sign In   |   Learn More
NAPCP Search
Commercial Card News Brought to You by the NAPCP: Industry News

Supreme Court Declines Durbin Amendment Appeal

Friday, January 23, 2015   (0 Comments)
Posted by: Mike Rose

The Supreme Court on Jan. 20 declined to review the Durbin Amendment despite an appeal from retailers, according to Payment Week.

The Durbin Amendment, part of the Dodd-Frank Act of 2010, set caps on swipe and/or interchange fees for debit card transactions. The Federal Reserve announced final rates in 2011 reducing the cap on swipe/interchange fees from the average of around 40 cents to 21 cents per transaction.

Even though the Fed reduced the fees close to 50 percent, the original draft of the amendment called for the caps to be between 7 and 12 cents. This has caused disputes between retailers and banks, mainly because banks argued for the 21 cent cap in order to expand consumer benefit programs. Retailers have since petitioned against the amendment as they did not see any expansion of these benefits; coincidentally they have seen them reduced or eliminated.

The few cents that create major friction between banks and retailers amount to billions of dollars in annual revenue.

Click here for more on the Durbin Amendment from the NAPCP.

Source: Payment Week

Sign In

Featured Items
Event Calendar

EMEA Commercial Card Regional Forum - London, England

Travel Card Advisory Team Presents Best Practices: Card Mandate

7/18/2018 » 7/19/2018
P-Card Essentials Workshop - Prepare for CPCP Exam

Training: Delivering Effective Knowledge Transfers

Copyright © 1999 - 2018 NAPCP - Advancing Commercial Card & Payment Practices Worldwide
Certified Purchasing Card Professional Credential 
The next application due date is Aug. 31, 2018 to take the 
exam during the October 2018 testing period

Complimentary resource for all website visitors.
$199 for Members; $259 for non-members. 
Join today and save!
NAPCP's dedicated IP address for e-mail is Please add this IP address, and to approved/"safe sender" list to ensure you receive NAPCP news & event notifications.