Hacker News new | past | comments | ask | show | jobs | submit login

No. They were always lower, and were strictly capped in 2012.

https://www.federalreserve.gov/paymentsystems/regii-average-...

> The Board's Regulation II provides that an issuer subject to the interchange fee standard (a covered issuer) may not receive an interchange fee that exceeds 21 cents plus 0.05 percent multiplied by the value of the transaction, plus a 1-cent fraud-prevention adjustment, if eligible.






Applications are open for YC Summer 2019

Guidelines | FAQ | Support | API | Security | Lists | Bookmarklet | Legal | Apply to YC | Contact

Search: