Get an instant Merchant Rate quote based on the new October 2011 Interchange schedules and get a first look at the Fed's new regulated debit rates as mandated by legislation often referred to as the Durbin Amendment. Note that the new regulated debit rates do not apply to all debit transactions. The Fed exempted banks with assets under $10 billion from its mandated debit Interchange fee cap. Visa, MasterCard and Discover are all quoting a two-tiered debit Interchange fee to help protect small issuers. However, there are approximately 100 banks with more than $10 billion in assets and their cardholders account for approximately 75% of all debit transactions. Your card processor is not required to pass the reduced rates for these debit transactions (and the associated savings) on to your business. Therefore it is very important that merchants move to a direct Interchange pass through pricing structure and select a processing partner that's contract-free. Find all this and more at MerchantRates.com.