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Visa modifies debit routing practices

from Convenience Store News

Visa is making changes to its debit network routing rules as the financial services company comes under scrutiny on several regulatory fronts. According to the San Francisco-based company, it has "modified and clarified existing debit network routing rules to help merchants and acquirers better understand implementation options related to the adoption of EMV chip technology in the U.S." The modifications and clarifications follow new guidance recently issued by the Federal Reserve and address a Federal Trade Commission inquiry. more

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