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TERMS
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WHAT IS THE DURBIN AMENDMENT?
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BUNDLED VS.
INTERCHANGE PLUS
PRICING
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PROCESSING COST
FUNDAMENTALS
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WHITEPAPER
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OTHER FREQUENTLY
ASKED QUESTIONS  

REGULATED / NON-EXEMPT
Banks/issuers with over $10 billion in assets

NON-REGULATED / EXEMPT
Banks/issuers with under $10 billion in assets

ISSUER
Bank that issues consumers and businesses a debit or credit card

CARD BRANDS
MasterCard^®, Visa^®, Discover^® Network, American Express^®, JCB^®

PIN DEBIT NETWORK
An Electronic Funds Transfer Network such as PULSE^®, Star^®, NYCE^®, Interlink^® or Shazam^®

INTERCHANGE
Fees established by the card brands that are paid by businesses accepting cards. 100% of interchange charged goes to the card issuer

DEBIT CARD
A payment card tied to a bank account. Funds available are the funds in the account. Transactions may be authenticated utilizing either the cardholder’s signature or a Personal Identification Number (PIN)

CREDIT CARD
A payment card with a line of credit issued by a bank