Analysis of the Fed’s Draft Debit Card Regulations: Webinar

12 cents. A small amount… that has made a massive impact on the payments community over the past week.

Last Thursday, the Federal Reserve, assigned under the Durbin Amendment with realigning debit card interchange fees, proposed setting a maximum of 12 cents per transaction for debit cards with no distinction between signature and PIN. No issuer with assets over $10 billion would be able to get earn more than 12 cents a transaction, which is about a fifth of what they currently collect for signature debit. (Related Article: Debit Card Interchange Fees Plummet Under Fed’s Proposed Rules)

In this exclusive live webinar, moderated by industry expert David S. Evans, several of the top economic and legal experts on Durbin break down the Fed’s initial proposal for regulating the debit card business and its possible implications for the payments industry. “Deep Dive Into Durbin” Speaker and Moderator Bios

Tim Attinger/Managing Director: Product development and innovation expert
As the former Global Head of Product Innovation and Development for Visa Inc., Tim had global responsibility for product strategy, platform development, and P&L management for Visa’s mobile, money transfer, and eCommerce business units, as well as product innovation, security solutions, healthcare and IP strategy.  In this role he led a number of innovation efforts related to debit cards.

Tom Brown/Senior Expert: Partner at O’Melveny & Myers
Tom Brown is a partner in O’Melveny’s San Francisco office and a member of the Financial Services Practice.  Tom’s practice focuses on competition law and legal issues affecting the financial services industry. Tom has been litigating cases, including class actions, in the financial services industry for more than a decade.  He was a member of the trial team that handled the defense of the then largest civil antitrust class action in U.S. history for Visa U.S.A. Inc., In re Visa Check/MasterMoney Antitrust Litigation.  He has helped numerous other financial services companies, including Capital One and PayPal, defend against class actions, including an ongoing case challenging the use of PayPal in the eBay marketplace.

Tom Durkin/Senior Expert: Economist and former Federal Reserve Board director
Tom was a Senior Economist at the Federal Reserve Board for more than 20 years and was the Regulatory Planning and Review Director for ten. As a result of this experience, he is deeply knowledgeable about how the Federal Reserve Board approaches regulation. He has also written extensively on consumer credit and its regulation. His most recent book, Truth in Lending, Theory, History, and a Way Forward, will be published by Oxford University Press in the Fall of 2010.

Ron Mann/Senior Expert: Law professor and business advisor to the payments industry
Ron is one of the leading global authorities on the law and economics of payments. He has authored numerous authoritative books and articles on the law of payments including Payments Systems and Other Financial Transactions.  He is a Professor of Law at Columbia University.

David S. Evans/Founder and Managing Director: Economist and business advisor to the payments industry
David is one of the leading global authorities on interchange fees and financial regulations.  His recent work has focused on helping payments businesses discover and ignite profitable innovation.  He is the co-author of the leading text on the payments industry, Paying with Plastic: The Digital Revolution in Buying and Borrowing, as well as leading texts on driving innovation in two-sided markets including Catalyst Code: The Strategies Behind the World’s Most Dynamic Companies and Invisible Engines: How Software Platforms Drive Innovation and Transform Industries.


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