Debit Network Fee Updates

NYCE and CU24 PIN debit networks have announced modifications to the current rates. 

Effective February 1, 2010 NYCE will implement the following changes:

  • The switch fee will be decreased from $0.05 to $0.0425.

  • Retail merchants will be billed at 0.75% + $0.2125 per transaction. The minimum transaction fee will be decreased to $0.3025.

  • Quick Service Restaurant merchants will be billed at 0.55% + $0.1075 per transaction with a maximum fee of $0.5425. The minimum transaction fee will be decreased to $0.2275.

  • Supermarket merchants will be decreased to $0.3025.

  • Petroleum merchants will be billed at 0.85% + $0.1925 per transaction. The minimum transaction fee will be decreased to $0.3025.

  • Returns will be decreased to $0.0425 per transaction.

  • PINless Utility merchants will be billed at $0.6550 per transaction.

  • PINless Cable merchants will continue to be assessed 1.00% + $0.125 per transaction. The maximum transaction fee will be increased to $1.055.

In addition, Effective April 1, 2010:

  • NYCE will implement a Premier Issuer fee of $0.011 per transaction. This will be an addition to the existing interchange fees.

Effective February 1, 2010 CU24 will implement the following changes:

  • The switch fee will be increased from $0.025 to $0.028.

  • Retail merchants will be billed at 0.75% + $0.178 per transaction with a maximum fee of $0.828.

  • Quick Service Restaurant merchants will be billed at 1.25% + $0.058 per transaction with a maximum fee of $0.478.

  • Supermarket merchants will now be billed $0.258 per transaction.

  • Drug Store and Pharmacy merchants will be billed at 0.75% + $0.178 per transaction with a maximum fee of $0.828.

  • Petroleum merchants will be billed at 0.75% + $0.168 per transaction with a maximum fee of $0.728.

  • Returns will now be billed $0.028 per transaction.

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