Cross-Routing: PIN and Signature Debit Interchangeability under the Durbin Amendment

This article argues that the Durbin Interchange Amendment’s
“multi-homing” provision, which prohibits exclusive routing
arrangements on debit card transactions, should be understood to
permit “cross-routing”— the routing of signature debit transactions
over PIN debit networks and vice-versa to encourage competition
for best price execution on payment card authorization, clearance and settlement. Read more.