News release: “The Federal Reserve Board on Tuesday published comparative information on the average debit card interchange fees that each payment card network charges acquirers (and indirectly merchants) and provides to debit card issuers. The Board’s Regulation II provides that an issuer subject to the interchange fee standard (a non-exempt issuer) may not receive an interchange fee that exceeds 21 cents plus 0.05 percent multiplied by the value of the transaction, plus a 1-cent fraud-prevention adjustment, if eligible. The regulation does not apply to certain government-administered debit cards, certain other prepaid cards, or debit card issuers with consolidated assets of less than $10 billion. The interchange fee standard became effective on October 1, 2011.”