12:00 pm - 1:30 pm Pacific
1:00 pm - 2:30 pm Mountain
2:00 pm - 3:30 pm Central
3:00 pm - 4:30 pm Eastern

Meet the Presenter

Lee Wetherington, AAP, ProfitStars

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Effective April 1, 2012, credit union issuers of debit cards must comply with the “network exclusivity and routing” provisions of Reg II.  Beyond offering transaction routing via at least two unaffiliated debit networks, credit unions must also plan for the broader challenges and opportunities presented by the new debit interchange rules. Learn what you need to know now and what to do next.

On June 30, 2011, the Fed issued Reg II, the final rule implementing the Durbin Amendment to the Dodd-Frank Act.  While most credit unions are exempt from Reg II’s interchange rate caps, all credit unions must comply with the rule’s network exclusivity and routing provisions.  Moreover, credit unions must also understand and plan for the potential impact of merchants’ newly-acquired power to route and steer transactions at the point of sale. Will merchant routing/steering capabilities be so discriminating that small issuers will indirectly experience the same 45% reduction in debit interchange that the final rule exacts directly from the largest issuers?  What about general purpose reloadable prepaid cards and alternative payment networks?  Join us to learn the bottom line on how the new debit interchange rules will reshape payments and interchange revenue for credit unions.

HIGHLIGHTS

WHO SHOULD ATTEND?

This practical session is designed for officers and staff responsible for the strategic direction, profitability, pricing, and compliance of your credit union’s debit card, prepaid card, and alternative payment programs/offerings.