Is the Durbin amendment good for consumers? For Merchants? Readers outside the industry probably look at the news articles and think it’s all good. However, if you dig deeper and hear opposing business views, you may begin to question those conclusions. Like the complex interchange system itself, the complexities of repercussions also need to be dealt with to determine what’s best for everyone.
While there are surely self serving interests in some of these articles, I think it’s worth perusing to come to your own conclusions.
List of articles of interest:
From Visa’s Viewpoints blog June 17, 2010: Industry Experts Agree: Problematic Durbin Amendment misses the Mark