Deep Dive: How Payment Card Networks Win Merchants Over
PYMNTS
APRIL 1, 2020
This is thanks to a 2010 federal law known as the Durbin Amendment, which requires that merchants be able to select from at least two unaffiliated networks through which they can route their transactions. Debit cards secured with PINs came into wide use in the 1990s, and regional card networks often processed such payments at the time.
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