Measuring Some Effects of the 2011 Debit Card Interchange Fee Reform

15 Pages Posted: 20 Aug 2014

See all articles by Oz Shy

Oz Shy

Federal Reserve Banks - Federal Reserve Bank of Atlanta

Multiple version iconThere are 2 versions of this paper

Date Written: October 2014

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 Federal Reserve of Boston, Richmond, and San Francisco 2012 Diary of Consumer Payment Choice, this article provides simple calculations that identify the transaction values by consumer expenditure category for which interchange fees became higher and lower under the new rules.

JEL Classification: G28

Suggested Citation

Shy, Oz, Measuring Some Effects of the 2011 Debit Card Interchange Fee Reform (October 2014). Contemporary Economic Policy, Vol. 32, Issue 4, pp. 769-783, 2014. Available at SSRN: https://ssrn.com/abstract=2483501 or http://dx.doi.org/10.1111/coep.12045

Oz Shy (Contact Author)

Federal Reserve Banks - Federal Reserve Bank of Atlanta ( email )

1000 Peachtree Street N.E.
Atlanta, GA 30309-4470
United States

HOME PAGE: http://https://www.frbatlanta.org/research/economists/shy-oz.aspx

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