Data for Previous Years - Accessible Version

 
Average Debit Card Interchange Fee by Payment Card Network
Network1 2022
Exempt transactions2 Covered transactions3 All transactions
(exempt and covered transactions)4
% of total
number of
transactions5
% of total
value of
transactions6
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
% of total
number of
transactions5
% of total
value of
transactions6
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
Dual-message10 38.2% 36.2% $45.40 $0.64 1.41% 61.8% 63.8% $49.54 $0.22 0.45% $47.96 $0.38 0.80%
Discover 98.4% 97.7% $36.08 $0.51 1.41% 1.6% 2.3% $52.44 $0.24 0.47% $36.34 $0.50 1.39%
MasterCard 51.1% 51.3% $50.11 $0.68 1.37% 48.9% 48.7% $49.77 $0.24 0.48% $49.95 $0.47 0.93%
Visa 34.5% 31.6% $43.54 $0.62 1.43% 65.5% 68.4% $49.49 $0.22 0.45% $47.44 $0.36 0.76%
     Visa dual‑message 32.5% 29.7% $43.44 $0.64 1.48% 67.5% 70.3% $49.48 $0.22 0.44% $47.51 $0.36 0.75%
     Visa single‑message11 78.2% 75.9% $44.49 $0.40 0.90% 21.8% 24.1% $50.52 $0.25 0.49% $45.81 $0.37 0.80%
Single‑message12 40.3% 36.4% $39.98 $0.27 0.67% 59.7% 63.6% $47.13 $0.24 0.51% $44.25 $0.25 0.57%
ACCEL 80.6% 79.4% $43.81 $0.25 0.57% 19.4% 20.6% $47.43 $0.24 0.51% $44.51 $0.25 0.56%
AFFN 88.7% 86.7% $46.94 $0.26 0.55% 11.3% 13.3% $56.65 $0.17 0.30% $48.04 $0.25 0.52%
Alaska Option13 NA NA NA NA NA NA NA NA NA NA NA NA NA
ATH 23.4% 23.4% $43.51 $0.23 0.53% 76.6% 76.6% $43.51 $0.21 0.48% $43.51 $0.21 0.49%
Culiance14 100.0% 100.0% $44.96 $0.25 0.56% 0.0% 0.0% NA NA NA $44.96 $0.25 0.56%
Interlink 20.8% 14.1% $31.76 $0.36 1.14% 79.2% 85.9% $50.91 $0.25 0.48% $46.92 $0.27 0.57%
Jeanie 98.1% 97.9% $55.88 $0.24 0.44% 1.9% 2.1% $61.45 $0.21 0.34% $55.98 $0.24 0.44%
Maestro 24.1% 21.8% $38.88 $0.22 0.55% 75.9% 78.2% $44.16 $0.24 0.55% $42.89 $0.23 0.55%
NetWorks15 NA NA NA NA NA NA NA NA NA NA NA NA NA
NYCE 78.1% 76.7% $42.47 $0.32 0.75% 21.9% 23.3% $46.02 $0.23 0.49% $43.25 $0.30 0.69%
PULSE 63.3% 59.1% $40.89 $0.30 0.74% 36.7% 40.9% $48.89 $0.24 0.50% $43.83 $0.28 0.64%
SHAZAM 96.5% 96.1% $36.16 $0.24 0.67% 3.5% 3.9% $40.84 $0.22 0.54% $36.32 $0.24 0.66%
STAR 46.8% 43.5% $40.68 $0.20 0.49% 53.2% 56.5% $46.48 $0.24 0.51% $43.77 $0.22 0.50%
UnionPay 89.1% 89.4% $37.23 $0.42 1.14% 10.9% 10.6% $36.34 $0.23 0.65% $37.13 $0.40 1.09%
All networks 38.8% 36.2% $43.70 $0.52 1.20% 61.2% 63.8% $48.83 $0.23 0.47% $46.84 $0.34 0.73%
Average Debit Card Interchange Fee by Payment Card Network
Network1 2021
Exempt transactions2 Covered transactions3 All transactions
(exempt and covered transactions)4
% of total
number of
transactions5
% of total
value of
transactions6
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
% of total
number of
transactions5
% of total
value of
transactions6
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
Dual-message10 38.6% 36.5% $45.18 $0.64 1.42% 61.4% 63.5% $49.39 $0.23 0.46% $47.76 $0.39 0.81%
Discover 95.3% 92.9% $31.79 $0.45 1.42% 4.7% 7.1% $49.42 $0.24 0.49% $32.62 $0.44 1.35%
MasterCard 53.0% 51.9% $48.30 $0.66 1.38% 47.0% 48.1% $50.37 $0.24 0.47% $49.27 $0.46 0.94%
Visa 34.1% 31.7% $43.96 $0.63 1.44% 65.9% 68.3% $49.18 $0.22 0.45% $47.40 $0.36 0.76%
     Visa dual‑message 32.0% 29.7% $44.14 $0.66 1.49% 68.0% 70.3% $49.19 $0.22 0.45% $47.58 $0.36 0.76%
     Visa single‑message11 78.2% 75.7% $42.44 $0.40 0.93% 21.8% 24.3% $48.66 $0.24 0.50% $43.80 $0.36 0.83%
Single-message12 39.9% 37.1% $39.99 $0.27 0.68% 60.1% 62.9% $45.03 $0.24 0.53% $43.02 $0.25 0.59%
ACCEL 82.9% 81.9% $43.33 $0.24 0.56% 17.1% 18.1% $46.40 $0.24 0.52% $43.86 $0.24 0.56%
AFFN 88.7% 87.1% $38.43 $0.25 0.65% 11.3% 12.9% $44.40 $0.13 0.30% $39.10 $0.24 0.60%
Alaska Option13 NA NA NA NA NA NA NA NA NA NA NA NA NA
ATH 22.1% 22.0% $45.08 $0.23 0.52% 77.9% 78.0% $45.44 $0.20 0.44% $45.36 $0.21 0.46%
Culiance14 100.0% 100.0% $45.01 $0.25 0.55% 0.0% 0.0% NA NA NA $45.01 $0.25 0.55%
Interlink 18.3% 13.7% $33.89 $0.38 1.13% 81.7% 86.3% $47.62 $0.24 0.51% $45.11 $0.27 0.60%
Jeanie 99.4% 99.5% $47.99 $0.24 0.51% 0.6% 0.5% $39.88 $0.15 0.39% $47.94 $0.24 0.51%
Maestro 26.4% 23.4% $35.89 $0.22 0.62% 73.6% 76.6% $42.03 $0.24 0.57% $40.41 $0.24 0.58%
NetWorks15 NA NA NA NA NA NA NA NA NA NA NA NA NA
NYCE 78.1% 77.1% $42.34 $0.32 0.76% 21.9% 22.9% $44.80 $0.23 0.51% $42.88 $0.30 0.70%
PULSE 65.4% 62.4% $43.51 $0.31 0.72% 34.6% 37.6% $49.48 $0.24 0.49% $45.58 $0.29 0.63%
SHAZAM 93.4% 92.8% $38.42 $0.25 0.64% 6.6% 7.2% $41.92 $0.22 0.52% $38.65 $0.25 0.64%
STAR 42.4% 39.2% $39.87 $0.19 0.48% 57.6% 60.8% $45.48 $0.24 0.53% $43.10 $0.22 0.51%
UnionPay 72.4% 63.8% $33.77 $0.39 1.16% 27.6% 36.2% $50.30 $0.23 0.46% $38.33 $0.35 0.91%
All networks 39.0% 36.7% $43.49 $0.52 1.19% 61.0% 63.3% $48.02 $0.23 0.48% $46.26 $0.34 0.74%
Average Debit Card Interchange Fee by Payment Card Network
Network1 2020
Exempt transactions2 Covered transactions3 All transactions
(exempt and covered transactions)4
% of total
number of
transactions5
% of total
value of
transactions6
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
% of total
number of
transactions5
% of total
value of
transactions6
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
Dual-message10 39.0% 37.0% $42.53 $0.60 1.40% 61.0% 63.0% $46.20 $0.22 0.48% $44.77 $0.37 0.83%
Discover 93.3% 91.3% $33.74 $0.48 1.42% 6.7% 8.7% $44.25 $0.24 0.55% $34.45 $0.46 1.34%
MasterCard 54.6% 53.5% $45.02 $0.63 1.39% 45.4% 46.5% $47.03 $0.24 0.50% $45.93 $0.45 0.98%
Visa 34.2% 31.9% $41.44 $0.58 1.41% 65.8% 68.1% $46.04 $0.22 0.48% $44.46 $0.35 0.78%
     Visa dual‑message 32.0% 29.8% $41.55 $0.61 1.47% 68.0% 70.2% $46.03 $0.22 0.48% $44.59 $0.35 0.78%
     Visa single‑message11 77.3% 74.7% $40.58 $0.37 0.92% 22.7% 25.3% $46.75 $0.24 0.52% $41.98 $0.34 0.82%
Single-message12 40.0% 38.2% $39.32 $0.26 0.65% 60.0% 61.8% $42.39 $0.24 0.56% $41.16 $0.25 0.60%
ACCEL 85.2% 84.8% $43.52 $0.22 0.51% 14.8% 15.2% $44.76 $0.24 0.54% $43.70 $0.22 0.51%
AFFN 83.9% 77.4% $34.68 $0.24 0.68% 16.1% 22.6% $53.02 $0.15 0.27% $37.63 $0.22 0.59%
Alaska Option13 NA NA NA NA NA NA NA NA NA NA NA NA NA
ATH 20.8% 20.0% $40.72 $0.20 0.49% 79.2% 80.0% $42.72 $0.21 0.49% $42.31 $0.21 0.49%
Culiance14 100.0% 100.0% $43.58 $0.22 0.50% 0.0% 0.0% NA NA NA $43.58 $0.22 0.50%
Interlink 16.8% 13.8% $35.88 $0.38 1.05% 83.2% 86.2% $45.49 $0.24 0.53% $43.87 $0.27 0.61%
Jeanie 99.5% 99.6% $46.48 $0.25 0.54% 0.5% 0.4% $38.23 $0.22 0.58% $46.44 $0.25 0.54%
Maestro 26.9% 25.4% $35.82 $0.22 0.62% 73.1% 74.6% $38.65 $0.24 0.62% $37.88 $0.23 0.62%
NetWorks15 NA NA NA NA NA NA NA NA NA NA NA NA NA
NYCE 77.3% 76.0% $39.57 $0.31 0.79% 22.7% 24.0% $42.58 $0.23 0.54% $40.25 $0.29 0.73%
PULSE 64.9% 62.2% $41.79 $0.29 0.69% 35.1% 37.8% $47.01 $0.24 0.52% $43.62 $0.27 0.62%
SHAZAM 92.9% 92.0% $36.99 $0.25 0.67% 7.1% 8.0% $42.24 $0.21 0.51% $37.36 $0.25 0.66%
STAR 43.3% 40.3% $38.41 $0.18 0.48% 56.7% 59.7% $43.44 $0.24 0.55% $41.26 $0.21 0.52%
UnionPay 100.0% 100.0% $36.32 $0.37 1.03% 0.0% 0.0% NA NA NA $36.32 $0.37 1.03%
All networks 39.3% 37.4% $41.41 $0.48 1.15% 60.7% 62.6% $44.91 $0.23 0.51% $43.54 $0.33 0.75%
Average Debit Card Interchange Fee by Payment Card Network
Network1 2019
Exempt transactions2 Covered transactions3 All transactions
(exempt and covered transactions)4
% of total
number of
transactions5
% of total
value of
transactions6
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
% of total
number of
transactions5
% of total
value of
transactions6
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
Dual-message10 37.4% 36.0% $38.47 $0.54 1.41% 62.6% 64.0% $40.93 $0.22 0.54% $40.01 $0.34 0.85%
Discover 95.1% 93.9% $31.73 $0.41 1.30% 4.9% 6.1% $39.91 $0.24 0.60% $32.13 $0.40 1.26%
MasterCard 54.0% 53.4% $40.62 $0.59 1.46% 46.0% 46.6% $41.62 $0.23 0.56% $41.08 $0.43 1.04%
Visa 32.3% 30.5% $37.50 $0.52 1.39% 67.7% 69.5% $40.79 $0.22 0.54% $39.73 $0.32 0.80%
     Visa dual‑message 30.0% 28.3% $37.56 $0.54 1.44% 70.0% 71.7% $40.74 $0.22 0.54% $39.79 $0.31 0.79%
     Visa single‑message11 76.5% 73.5% $37.06 $0.37 0.99% 23.5% 26.5% $43.34 $0.24 0.56% $38.54 $0.34 0.87%
Single-message12 36.3% 34.7% $36.01 $0.25 0.69% 63.7% 65.3% $38.56 $0.24 0.61% $37.64 $0.24 0.64%
ACCEL 82.1% 81.1% $39.28 $0.22 0.55% 17.9% 18.9% $41.97 $0.24 0.57% $39.76 $0.22 0.55%
AFFN 82.0% 72.9% $31.98 $0.23 0.72% 18.0% 27.1% $54.14 $0.16 0.30% $35.96 $0.22 0.61%
Alaska Option13 NA NA NA NA NA NA NA NA NA NA NA NA NA
ATH 17.4% 20.0% $40.56 $0.20 0.49% 82.6% 80.0% $34.27 $0.20 0.59% $35.37 $0.20 0.57%
Culiance14 100.0% 100.0% $42.05 $0.24 0.57% 0.0% 0.0% NA NA NA $42.05 $0.24 0.57%
Interlink 13.8% 10.8% $31.21 $0.35 1.12% 86.2% 89.2% $41.03 $0.24 0.59% $39.67 $0.26 0.64%
Jeanie 99.6% 99.7% $45.79 $0.25 0.54% 0.4% 0.3% $38.70 $0.17 0.45% $45.76 $0.25 0.54%
Maestro 21.4% 19.2% $31.12 $0.22 0.72% 78.6% 80.8% $35.64 $0.24 0.66% $34.67 $0.23 0.67%
NetWorks15 NA NA NA NA NA NA NA NA NA NA NA NA NA
NYCE 79.8% 79.1% $37.18 $0.30 0.80% 20.2% 20.9% $38.78 $0.22 0.57% $37.51 $0.28 0.76%
PULSE 62.5% 60.9% $39.30 $0.28 0.70% 37.5% 39.1% $42.01 $0.24 0.57% $40.32 $0.26 0.65%
SHAZAM 87.5% 86.7% $34.31 $0.26 0.74% 12.5% 13.3% $36.69 $0.21 0.58% $34.61 $0.25 0.72%
STAR 46.9% 44.6% $35.92 $0.20 0.57% 53.1% 55.4% $39.44 $0.24 0.60% $37.79 $0.22 0.58%
UnionPay 100.0% 100.0% $31.68 $0.36 1.13% 0.0% 0.0% NA NA NA $31.68 $0.36 1.13%
All networks 37.0% 35.6% $37.64 $0.44 1.18% 63.0% 64.4% $40.10 $0.23 0.56% $39.19 $0.31 0.78%
Network1 2018
Exempt transactions2 Covered transactions3 All transactions
(exempt and covered transactions)4
% of total
number of
transactions5
% of total
value of
transactions6
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
% of total
number of
transactions5
% of total
value of
transactions6
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
Dual-message10 37.4% 36.2% $38.04 $0.54 1.41% 62.6% 63.8% $40.07 $0.22 0.56% $39.31 $0.34 0.87%
Discover 96.4% 96.1% $36.82 $0.53 1.44% 3.6% 3.9% $39.32 $0.24 0.61% $36.91 $0.52 1.41%
MasterCard 55.0% 54.2% $39.53 $0.58 1.47% 45.0% 45.8% $40.88 $0.23 0.57% $40.14 $0.42 1.06%
Visa 32.1% 30.6% $37.30 $0.51 1.38% 67.9% 69.4% $39.92 $0.22 0.55% $39.08 $0.31 0.81%
     Visa dual‑message 29.7% 28.3% $37.29 $0.53 1.43% 70.3% 71.7% $39.87 $0.22 0.55% $39.10 $0.31 0.80%
     Visa single‑message11 76.1% 73.6% $37.33 $0.36 0.96% 23.9% 26.4% $42.54 $0.24 0.57% $38.58 $0.33 0.86%
Single-message12 36.7% 35.6% $37.23 $0.25 0.67% 63.3% 64.4% $39.00 $0.24 0.61% $38.35 $0.24 0.63%
ACCEL 93.0% 92.8% $40.10 $0.21 0.52% 7.0% 7.2% $41.63 $0.24 0.57% $40.21 $0.21 0.53%
AFFN 88.3% 82.5% $34.13 $0.25 0.72% 11.7% 17.5% $54.77 $0.20 0.37% $36.54 $0.24 0.66%
Alaska Option13 NA NA NA NA NA NA NA NA NA NA NA NA NA
ATH 16.9% 20.0% $46.77 $0.21 0.45% 83.1% 80.0% $38.10 $0.20 0.53% $39.57 $0.20 0.51%
Culiance14 100.0% 100.0% $46.89 $0.26 0.55% 0.0% 0.0% NA NA NA $46.89 $0.26 0.55%
Interlink 12.1% 10.0% $32.44 $0.35 1.09% 87.9% 90.0% $40.28 $0.24 0.60% $39.33 $0.25 0.65%
Jeanie 99.7% 99.7% $46.41 $0.25 0.54% 0.3% 0.3% $43.72 $0.15 0.34% $46.41 $0.25 0.54%
Maestro 19.9% 18.1% $32.27 $0.24 0.75% 80.1% 81.9% $36.27 $0.24 0.65% $35.47 $0.24 0.67%
NetWorks15 NA NA NA NA NA NA NA NA NA NA NA NA NA
NYCE 83.1% 82.0% $38.00 $0.30 0.80% 16.9% 18.0% $40.99 $0.22 0.53% $38.51 $0.29 0.75%
PULSE 61.9% 60.1% $40.86 $0.27 0.67% 38.1% 39.9% $44.07 $0.24 0.55% $42.08 $0.26 0.62%
SHAZAM 82.6% 79.9% $34.96 $0.26 0.73% 17.4% 20.1% $41.53 $0.21 0.50% $36.11 $0.25 0.69%
STAR 49.7% 46.6% $36.06 $0.20 0.54% 50.3% 53.4% $40.76 $0.24 0.58% $38.42 $0.22 0.56%
UnionPay 100.0% 100.0% $3.54 $0.02 0.44% 0.0% 0.0% NA NA NA $3.54 $0.02 0.44%
All networks 37.2% 36.0% $37.76 $0.44 1.16% 62.8% 64.0% $39.69 $0.23 0.57% $38.98 $0.31 0.78%
Network1 2017
Exempt transactions2 Covered transactions3 All transactions
(exempt and covered transactions)4
% of total
number of
transactions5
% of total
value of
transactions6
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
% of total
number of
transactions5
% of total
value of
transactions6
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
Dual-message10 37.6% 36.6% $37.31 $0.52 1.40% 62.4% 63.4% $38.90 $0.22 0.58% $38.30 $0.34 0.88%
Discover 99.9% 99.9% $38.22 $0.57 1.49% 0.1% 0.1% $31.20 $0.23 0.75% $38.21 $0.57 1.49%
MasterCard 56.0% 55.4% $38.87 $0.58 1.49% 44.0% 44.6% $39.71 $0.23 0.59% $39.24 $0.43 1.09%
Visa 32.1% 30.9% $36.52 $0.49 1.35% 67.9% 69.1% $38.75 $0.22 0.57% $38.03 $0.31 0.82%
     Visa dual‑message NA NA NA NA NA NA NA NA NA NA NA NA NA
     Visa single‑message11 NA NA NA NA NA NA NA NA NA NA NA NA NA
Single-message12 35.6% 34.9% $37.27 $0.25 0.67% 64.4% 65.1% $38.54 $0.24 0.61% $38.08 $0.24 0.63%
ACCEL 85.3% 85.1% $41.75 $0.21 0.51% 14.7% 14.9% $42.62 $0.24 0.56% $41.88 $0.22 0.52%
AFFN 90.1% 86.5% $37.85 $0.24 0.64% 9.9% 13.5% $54.13 $0.20 0.36% $39.45 $0.24 0.61%
Alaska Option13 NA NA NA NA NA NA NA NA NA NA NA NA NA
ATH 16.3% 20.0% $44.22 $0.20 0.45% 83.7% 80.0% $34.54 $0.20 0.57% $36.12 $0.20 0.54%
Culiance14 99.3% 99.3% $47.22 $0.23 0.48% 0.7% 0.7% $43.33 $0.20 0.47% $47.20 $0.23 0.48%
Interlink 11.0% 9.2% $32.06 $0.35 1.09% 89.0% 90.8% $39.07 $0.24 0.61% $38.30 $0.25 0.66%
Jeanie 99.6% 99.6% $45.53 $0.25 0.55% 0.4% 0.4% $47.21 $0.16 0.34% $45.54 $0.25 0.55%
Maestro 18.8% 17.7% $33.69 $0.25 0.73% 81.2% 82.3% $36.35 $0.24 0.65% $35.85 $0.24 0.66%
NetWorks15 33.5% 34.8% $34.94 $0.32 0.93% 66.5% 65.2% $32.95 $0.24 0.72% $33.61 $0.27 0.79%
NYCE 82.3% 80.7% $36.20 $0.29 0.80% 17.7% 19.3% $40.27 $0.23 0.56% $36.92 $0.28 0.75%
PULSE 61.4% 59.2% $40.09 $0.28 0.70% 38.6% 40.8% $43.89 $0.24 0.55% $41.55 $0.26 0.64%
SHAZAM 77.9% 74.1% $34.45 $0.25 0.73% 22.1% 25.9% $42.43 $0.17 0.40% $36.22 $0.23 0.65%
STAR 48.3% 45.5% $36.20 $0.19 0.54% 51.7% 54.5% $40.49 $0.24 0.58% $38.42 $0.22 0.56%
UnionPay 100.0% 100.0% $10.19 $0.11 1.10% 0.0% 0.0% NA NA NA $10.19 $0.11 1.10%
All networks 36.9% 36.0% $37.29 $0.43 1.15% 63.1% 64.0% $38.77 $0.23 0.59% $38.23 $0.30 0.79%
Network1 2016
Exempt transactions2 Covered transactions3 All transactions
(exempt and covered transactions)4
% of total
number of
transactions5
% of total
value of
transactions6
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
% of total
number of
transactions5
% of total
value of
transactions6
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
Dual-message10 37.8% 36.7% $36.48 $0.51 1.39% 62.2% 63.3% $38.24 $0.23 0.59% $37.58 $0.33 0.89%
Discover 99.8% 99.8% $40.73 $0.65 1.59% 0.2% 0.2% $33.61 $0.23 0.70% $40.72 $0.65 1.59%
MasterCard 53.0% 52.6% $37.97 $0.56 1.49% 47.0% 47.4% $38.56 $0.24 0.61% $38.25 $0.41 1.07%
Visa 33.0% 31.6% $35.73 $0.48 1.34% 67.0% 68.4% $38.17 $0.22 0.59% $37.37 $0.31 0.83%
     Visa dual‑message NA NA NA NA NA NA NA NA NA NA NA NA NA
     Visa single‑message11 NA NA NA NA NA NA NA NA NA NA NA NA NA
Single-message12 35.6% 35.0% $37.65 $0.26 0.68% 64.4% 65.0% $38.72 $0.24 0.61% $38.34 $0.24 0.64%
ACCEL 94.4% 93.6% $39.82 $0.24 0.60% 5.6% 6.4% $46.15 $0.24 0.53% $40.18 $0.24 0.59%
AFFN 88.7% 83.7% $34.61 $0.24 0.69% 11.3% 16.3% $52.84 $0.20 0.38% $36.67 $0.24 0.64%
Alaska Option13 NA NA NA NA NA NA NA NA NA NA NA NA NA
ATH 16.0% 20.0% $43.79 $0.21 0.48% 84.0% 80.0% $33.31 $0.20 0.59% $34.99 $0.20 0.57%
Culiance14 99.4% 99.4% $46.62 $0.23 0.49% 0.6% 0.6% $42.13 $0.21 0.51% $46.59 $0.23 0.49%
Interlink 10.2% 9.0% $33.16 $0.35 1.05% 89.8% 91.0% $38.06 $0.24 0.63% $37.57 $0.25 0.67%
Jeanie 92.3% 92.0% $46.04 $0.26 0.56% 7.7% 8.0% $47.87 $0.23 0.48% $46.18 $0.25 0.55%
Maestro 20.5% 19.9% $35.93 $0.26 0.74% 79.5% 80.1% $37.17 $0.24 0.64% $36.92 $0.24 0.66%
NetWorks15 34.5% 31.8% $30.05 $0.31 1.03% 65.5% 68.2% $33.85 $0.24 0.70% $32.54 $0.26 0.81%
NYCE 72.3% 70.4% $37.21 $0.29 0.78% 27.7% 29.6% $40.73 $0.23 0.57% $38.18 $0.28 0.72%
PULSE 61.8% 58.7% $38.72 $0.28 0.73% 38.2% 41.3% $44.11 $0.24 0.54% $40.78 $0.27 0.66%
SHAZAM 81.4% 76.5% $34.50 $0.25 0.72% 18.6% 23.5% $46.43 $0.16 0.34% $36.71 $0.23 0.63%
STAR 49.2% 46.4% $37.70 $0.20 0.54% 50.8% 53.6% $42.20 $0.23 0.56% $39.98 $0.22 0.55%
UnionPay 100.0% 100.0% $43.29 $0.18 0.41% 0.0% 0.0% NA NA NA $43.29 $0.18 0.41%
All networks 37.0% 36.1% $36.87 $0.42 1.15% 63.0% 63.9% $38.41 $0.23 0.60% $37.84 $0.30 0.80%

Network1 2015
Exempt transactions2 Covered transactions3 All transactions
(exempt and covered transactions)4
% of total
number of
transactions5
% of total
value of
transactions6
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
% of total
number of
transactions5
% of total
value of
transactions6
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
Dual-message10 38.2% 37.0% $36.49 $0.51 1.39% 61.8% 63.0% $38.38 $0.23 0.60% $37.66 $0.34 0.89%
Discover 99.6% 99.5% $41.67 $0.65 1.56% 0.4% 0.5% $43.38 $0.24 0.55% $41.67 $0.65 1.55%
MasterCard 50.8% 50.3% $37.98 $0.57 1.50% 49.2% 49.7% $38.77 $0.24 0.61% $38.37 $0.41 1.06%
Visa 34.2% 32.7% $35.77 $0.48 1.34% 65.8% 67.3% $38.29 $0.23 0.59% $37.43 $0.31 0.84%
     Visa dual‑message NA NA NA NA NA NA NA NA NA NA NA NA NA
     Visa single‑message11 NA NA NA NA NA NA NA NA NA NA NA NA NA
Single-message12 35.2% 35.1% $39.04 $0.26 0.65% 64.8% 64.9% $39.36 $0.24 0.60% $39.25 $0.24 0.62%
ACCEL 93.2% 92.8% $43.26 $0.21 0.48% 6.8% 7.2% $45.66 $0.24 0.53% $43.43 $0.21 0.49%
AFFN 88.3% 86.9% $34.55 $0.25 0.72% 11.7% 13.1% $39.48 $0.21 0.54% $35.12 $0.25 0.70%
Alaska Option13 NA NA NA NA NA NA NA NA NA NA NA NA NA
ATH 14.2% 20.0% $50.58 $0.25 0.50% 85.8% 80.0% $33.44 $0.19 0.57% $35.87 $0.20 0.56%
Culiance14 99.5% 99.5% $48.17 $0.23 0.47% 0.5% 0.5% $42.93 $0.20 0.47% $48.14 $0.23 0.47%
Interlink 10.2% 9.4% $35.43 $0.35 0.99% 89.8% 90.6% $38.95 $0.24 0.61% $38.59 $0.25 0.65%
Jeanie 89.7% 88.9% $46.13 $0.19 0.42% 10.3% 11.1% $49.73 $0.19 0.38% $46.50 $0.19 0.41%
Maestro 17.0% 16.9% $36.77 $0.27 0.72% 83.0% 83.1% $37.14 $0.24 0.64% $37.07 $0.24 0.65%
NetWorks15 25.7% 22.8% $28.30 $0.30 1.06% 74.3% 77.2% $33.01 $0.24 0.72% $31.80 $0.25 0.79%
NYCE 65.7% 63.2% $38.04 $0.29 0.77% 34.3% 36.8% $42.31 $0.23 0.55% $39.51 $0.27 0.69%
PULSE 59.3% 56.6% $38.63 $0.29 0.74% 40.7% 43.4% $43.05 $0.24 0.55% $40.43 $0.27 0.66%
SHAZAM 79.2% 73.7% $35.92 $0.26 0.72% 20.8% 26.3% $48.75 $0.16 0.33% $38.59 $0.24 0.61%
STAR 49.9% 47.5% $38.95 $0.22 0.56% 50.1% 52.5% $42.95 $0.24 0.55% $40.95 $0.23 0.55%
UnionPay 100.0% 100.0% $4.22 $0.02 0.38% 0.0% 0.0% NA NA NA $4.22 $0.02 0.38%
All networks 37.2% 36.3% $37.32 $0.43 1.14% 62.8% 63.7% $38.73 $0.23 0.60% $38.20 $0.30 0.80%

Network1 2014
Exempt transactions2 Covered transactions3 All transactions
(exempt and covered transactions)4
% of total
number of
transactions5
% of total
value of
transactions6
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
% of total
number of
transactions5
% of total
value of
transactions6
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
Dual-message10 38.6% 37.3% $36.59 $0.50 1.38% 61.4% 62.7% $38.69 $0.23 0.60% $37.88 $0.34 0.89%
Discover 98.9% 99.0% $46.97 $0.75 1.60% 1.1% 1.0% $41.03 $0.24 0.58% $46.90 $0.75 1.59%
MasterCard 50.6% 49.6% $37.68 $0.56 1.49% 49.4% 50.4% $39.22 $0.24 0.60% $38.44 $0.40 1.04%
Visa 34.9% 33.4% $36.07 $0.48 1.33% 65.1% 66.6% $38.57 $0.23 0.60% $37.70 $0.32 0.84%
     Visa dual‑message NA NA NA NA NA NA NA NA NA NA NA NA NA
     Visa single‑message11 NA NA NA NA NA NA NA NA NA NA NA NA NA
Single-message12 34.8% 34.5% $39.67 $0.26 0.67% 65.2% 65.5% $40.27 $0.24 0.59% $40.06 $0.25 0.62%
ACCEL 87.1% 85.7% $41.43 $0.22 0.53% 12.9% 14.3% $46.64 $0.20 0.44% $42.10 $0.22 0.52%
AFFN 88.4% 87.4% $40.69 $0.26 0.64% 11.6% 12.6% $44.79 $0.19 0.43% $41.16 $0.25 0.62%
Alaska Option13 100.0% 100.0% $51.81 $0.18 0.35% 0.0% 0.0% NA NA NA $51.81 $0.18 0.35%
ATH 19.9% 20.0% $37.59 $0.23 0.61% 80.1% 80.0% $37.37 $0.17 0.45% $37.41 $0.18 0.49%
Culiance14 99.0% 98.9% $52.65 $0.25 0.47% 1.0% 1.1% $58.60 $0.24 0.41% $52.71 $0.25 0.47%
Interlink 11.9% 11.4% $37.00 $0.35 0.95% 88.1% 88.6% $38.92 $0.24 0.62% $38.69 $0.25 0.65%
Jeanie 84.9% 84.2% $45.94 $0.25 0.54% 15.1% 15.8% $48.73 $0.18 0.36% $46.36 $0.24 0.51%
Maestro 16.7% 15.1% $35.42 $0.25 0.69% 83.3% 84.9% $39.84 $0.24 0.61% $39.11 $0.24 0.62%
NetWorks15 27.8% 26.7% $30.10 $0.29 0.96% 72.2% 73.3% $31.78 $0.24 0.74% $31.31 $0.25 0.80%
NYCE 60.9% 59.9% $38.54 $0.29 0.76% 39.1% 40.1% $40.21 $0.23 0.58% $39.19 $0.27 0.69%
PULSE 46.0% 44.9% $40.83 $0.30 0.74% 54.0% 55.1% $42.75 $0.24 0.56% $41.87 $0.27 0.64%
SHAZAM 79.6% 74.8% $37.28 $0.26 0.71% 20.4% 25.2% $48.92 $0.16 0.33% $39.66 $0.24 0.61%
STAR 56.5% 55.0% $40.83 $0.24 0.58% 43.5% 45.0% $43.38 $0.24 0.54% $41.94 $0.24 0.56%
UnionPay 100.0% 100.0% $13.80 $0.05 0.39% 0.0% 0.0% NA NA NA $13.80 $0.05 0.39%
All networks 37.3% 36.3% $37.58 $0.43 1.14% 62.7% 63.7% $39.26 $0.23 0.59% $38.63 $0.31 0.79%
Network1 2013
Exempt transactions2 Covered transactions3 All transactions
(exempt and covered transactions)4
% of total
number of
transactions5
% of total
value of
transactions6
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
% of total
number of
transactions5
% of total
value of
transactions6
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
Dual-message10 38.3% 36.9% $36.14 $0.50 1.38% 61.7% 63.1% $38.37 $0.23 0.60% $37.52 $0.33 0.89%
Discover 97.1% 97.8% $52.23 $0.73 1.40% 2.9% 2.2% $40.11 $0.24 0.59% $51.88 $0.72 1.38%
MasterCard 49.4% 48.4% $37.23 $0.55 1.49% 50.6% 51.6% $38.68 $0.24 0.61% $37.97 $0.39 1.04%
Visa 34.9% 33.3% $35.65 $0.47 1.33% 65.1% 66.7% $38.29 $0.23 0.60% $37.37 $0.31 0.84%
     Visa dual‑message NA NA NA NA NA NA NA NA NA NA NA NA NA
     Visa single‑message11 NA NA NA NA NA NA NA NA NA NA NA NA NA
Single-message12 34.8% 35.2% $40.81 $0.28 0.68% 65.2% 64.8% $40.12 $0.24 0.59% $40.36 $0.25 0.62%
ACCEL 87.7% 87.1% $42.28 $0.26 0.61% 12.3% 12.9% $44.37 $0.19 0.42% $42.54 $0.25 0.59%
AFFN 82.9% 79.6% $41.09 $0.27 0.65% 17.1% 20.4% $50.91 $0.19 0.37% $42.77 $0.25 0.59%
Alaska Option13 100.0% 100.0% $50.71 $0.18 0.35% 0.0% 0.0% NA NA NA $50.71 $0.18 0.35%
ATH 18.5% 17.8% $37.13 $0.25 0.68% 81.5% 82.2% $38.78 $0.17 0.44% $38.48 $0.19 0.48%
Culiance14 98.4% 98.1% $48.26 $0.23 0.47% 1.6% 1.9% $60.13 $0.21 0.34% $48.45 $0.23 0.47%
Interlink 12.2% 11.3% $36.15 $0.36 0.98% 87.8% 88.7% $39.45 $0.24 0.61% $39.05 $0.25 0.65%
Jeanie 60.0% 59.7% $47.08 $0.28 0.60% 40.0% 40.3% $47.65 $0.15 0.31% $47.31 $0.23 0.48%
Maestro 14.1% 14.2% $39.19 $0.25 0.65% 85.9% 85.8% $38.96 $0.24 0.61% $38.99 $0.24 0.62%
NetWorks15 28.6% 27.2% $29.96 $0.30 0.99% 71.4% 72.8% $32.21 $0.24 0.73% $31.56 $0.25 0.80%
NYCE 60.6% 59.5% $39.72 $0.29 0.74% 39.4% 40.5% $41.53 $0.23 0.56% $40.43 $0.27 0.67%
PULSE 48.5% 47.7% $40.82 $0.30 0.74% 51.5% 52.3% $42.23 $0.24 0.56% $41.54 $0.27 0.65%
SHAZAM 81.2% 77.7% $38.40 $0.26 0.69% 18.8% 22.3% $47.73 $0.17 0.35% $40.15 $0.25 0.61%
STAR 57.4% 57.4% $42.56 $0.25 0.60% 42.6% 42.6% $42.66 $0.24 0.56% $42.60 $0.25 0.58%
UnionPay 100.0% 100.0% $9.78 $0.04 0.38% 0.0% 0.0% NA NA NA $9.78 $0.04 0.38%
All networks 37.1% 36.3% $37.66 $0.43 1.13% 62.9% 63.7% $38.99 $0.23 0.60% $38.50 $0.30 0.79%
Network1 201216
Exempt issuers19 Covered issuers20 All issuers21
% of total
number of
transactions22
% of total
value of
transactions23
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
% of total
number of
transactions22
% of total
value of
transactions23
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
Dual-message10 34.2% 33.0% $36.22 $0.51 1.40% 65.8% 67.0% $38.16 $0.25 0.64% $37.49 $0.33 0.89%
Discover       $1.07 1.23%       $0.20 0.58%   $1.02 1.21%
MasterCard       $0.57 1.52%       $0.26 0.68%   $0.40 1.04%
Visa       $0.48 1.35%       $0.24 0.63%   $0.31 0.84%
     Visa dual‑message       NA NA       NA NA   NA NA
     Visa single‑message11       NA NA       NA NA   NA NA
Single-message12 34.0% 35.2% $43.08 $0.30 0.69% 66.0% 64.8% $40.92 $0.24 0.58% $41.65 $0.26 0.62%
ACCEL       $0.28 0.68%       $0.20 0.44%   $0.28 0.66%
AFFN       $0.57 1.42%       $0.19 0.43%   $0.22 0.51%
Alaska Option13       $0.12 0.25%       NA NA   $0.12 0.25%
ATH       $0.24 0.64%       $0.18 0.47%   $0.19 0.50%
Culiance14       $0.21 0.44%       $0.20 0.35%   $0.21 0.43%
Interlink       $0.34 0.87%       $0.24 0.61%   $0.25 0.64%
Jeanie       $0.26 0.56%       $0.18 0.40%   $0.22 0.48%
Maestro       $0.33 0.61%       $0.24 0.60%   $0.25 0.60%
NetWorks15       $0.32 0.95%       $0.24 0.72%   $0.26 0.79%
NYCE       $0.32 0.73%       $0.23 0.52%   $0.28 0.65%
PULSE       $0.31 0.75%       $0.24 0.57%   $0.27 0.66%
SHAZAM       $0.28 0.72%       $0.19 0.43%   $0.26 0.65%
STAR       $0.29 0.66%       $0.24 0.55%   $0.27 0.62%
UnionPay       NA NA       NA NA   NA NA
All networks 34.1% 33.8% $38.68 $0.43 1.12% 65.9% 66.2% $39.15 $0.24 0.62% $38.99 $0.31 0.79%

Network1 October 1-December 31, 201116,17
Exempt issuers19 Covered issuers20 All issuers21
% of total
number of
transactions22
% of total
value of
transactions23
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
% of total
number of
transactions22
% of total
value of
transactions23
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
Dual-message10 32.4% 31.0% $35.57 $0.51 1.44% 67.6% 69.0% $38.00 $0.24 0.64% $37.21 $0.33 0.88%
Discover       $0.42 1.43%       $0.17 0.56%   $0.38 1.27%
MasterCard       $0.55 1.50%       $0.26 0.66%   $0.38 1.01%
Visa       $0.49 1.41%       $0.24 0.63%   $0.31 0.85%
     Visa dual‑message       NA NA       NA NA   NA NA
     Visa single‑message11       NA NA       NA NA   NA NA
Single-message12 39.6% 39.9% $42.78 $0.31 0.72% 60.4% 60.1% $42.13 $0.23 0.55% $42.39 $0.26 0.62%
ACCEL       $0.31 0.72%       $0.21 0.41%   $0.31 0.70%
AFFN       $0.24 0.75%       $0.20 0.31%   $0.23 0.54%
Alaska Option13       $0.15 0.28%       NR* 0.27%   $0.15 0.28%
ATH       $0.30 0.80%       $0.17 0.47%   $0.20 0.52%
Culiance14       $0.21 0.46%       $0.18 0.29%   $0.21 0.45%
Interlink       $0.31 0.78%       $0.23 0.57%   $0.24 0.58%
Jeanie       $0.25 0.50%       $0.18 0.38%   $0.22 0.45%
Maestro       $0.27 0.64%       $0.24 0.54%   $0.25 0.59%
NetWorks15       $0.33 0.97%       $0.24 0.71%   $0.28 0.82%
NYCE       $0.34 0.77%       $0.23 0.49%   $0.30 0.67%
PULSE       $0.33 0.81%       $0.24 0.56%   $0.29 0.69%
SHAZAM       $0.29 0.72%       $0.19 0.43%   $0.26 0.64%
STAR       $0.32 0.72%       $0.24 0.53%   $0.30 0.67%
UnionPay       NA NA       NA NA   NA NA
All networks 35.1% 34.6% $38.61 $0.43 1.10% 64.9% 65.4% $39.44 $0.24 0.60% $39.15 $0.30 0.78%
Network1 January 1-September 30, 201116,17
Exempt issuers19 Covered issuers20 All issuers21
% of total
number of
transactions22
% of total
value of
transactions23
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
% of total
number of
transactions22
% of total
value of
transactions23
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
Dual-message10 28.0% 26.9% $36.09 $0.53 1.47% 72.0% 73.1% $38.03 $0.58 1.54% $37.49 $0.57 1.52%
Discover       $0.43 1.40%       $0.25 0.89%   $0.40 1.31%
MasterCard       $0.54 1.48%       $0.58 1.50%   $0.57 1.50%
Visa       $0.53 1.47%       $0.58 1.55%   $0.57 1.53%
     Visa dual‑message       NA NA       NA NA   NA NA
     Visa single‑message11       NA NA       NA NA   NA NA
Single-message12 39.1% 39.8% $42.35 $0.32 0.75% 60.9% 60.2% $41.10 $0.34 0.84% $41.59 $0.33 0.80%
ACCEL       $0.30 0.70%       $0.29 0.61%   $0.30 0.70%
AFFN       $0.25 0.66%       $0.22 0.57%   $0.24 0.63%
Alaska Option13       $0.15 0.23%       NR* 0.28%   $0.15 0.23%
ATH       $0.29 0.80%       $0.29 0.80%   $0.29 0.80%
Culiance14       $0.21 0.47%       $0.25 0.45%   $0.21 0.47%
Interlink       $0.34 0.84%       $0.35 0.87%   $0.35 0.87%
Jeanie       $0.26 0.60%       $0.30 0.72%   $0.28 0.66%
Maestro       $0.31 0.78%       $0.34 0.78%   $0.33 0.78%
NetWorks15       $0.31 0.94%       $0.31 0.94%   $0.31 0.94%
NYCE       $0.34 0.79%       $0.37 0.81%   $0.35 0.80%
PULSE       $0.32 0.79%       $0.35 0.81%   $0.34 0.80%
SHAZAM       $0.26 0.67%       $0.24 0.60%   $0.26 0.66%
STAR       $0.33 0.76%       $0.32 0.74%   $0.33 0.76%
UnionPay       NA NA       NA NA   NA NA
All networks 32.0% 31.9% $38.87 $0.44 1.12% 68.0% 68.1% $39.03 $0.51 1.30% $38.98 $0.48 1.24%
Network1 200916,18
All issuers18
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
Dual-message10 $36.90 $0.55 1.49%
Discover   $0.42 1.15%
MasterCard   $0.55 1.47%
Visa   $0.55 1.49%
     Visa dual‑message      
     Visa single‑message11      
Single-message12 $40.30 $0.23 0.58%
ACCEL   $0.21 0.54%
AFFN   $0.13 0.26%
Alaska Option13   $0.01 0.04%
ATH   NA NA
Culiance14   $0.18 0.45%
Interlink   $0.21 0.55%
Jeanie   $0.20 0.44%
Maestro   $0.29 0.69%
NetWorks15   $0.25 0.74%
NYCE   $0.29 0.65%
PULSE   $0.26 0.61%
SHAZAM   $0.23 0.58%
STAR   $0.26 0.59%
UnionPay   NA NA
All networks $38.18 $0.43 1.13%

Note: Networks may offer multiple pricing programs to issuers. This table reflects each network's average interchange fee across all of its transactions and does not reflect what a particular issuer will earn by participating in a particular network or combination of networks.

Note: Previous years' data are subject to minor changes based on revisions to underlying data.

1. Networks listed are defined as payment card networks under the Board's Regulation II. Presto!, by the network's policy, is accessible exclusively through one merchant, which is affiliated with the network. Presto! statistics are included in the "Single-message" statistics and the "All networks" statistics but are not listed individually. Statistics for the "Dual-message," "Single-message," and "All networks" rows are weighted averages based on each network's number or value of transactions. Return to table.

2. Exempt transactions: Transactions processed by issuers exempt from the interchange fee standard, as well as transactions processed by issuers otherwise covered by the interchange fee standard that qualify for another exemption from the standard.  Exempt issuers have total worldwide banking and nonbanking assets (including assets of affiliates), other than trust assets under management, of less than $10 billion as of December 31 of the previous year.  Exempt transactions for covered issuers are transactions made with certain debit cards provided pursuant to government-administered payment programs and certain reloadable general-use prepaid cards. Return to table.

3. Covered transactions: Transactions processed by issuers subject to the interchange fee standard that do not qualify for another exemption from the standard. Return to table.

4. All transactions: Exempt transactions and covered transactions. Return to table.

5. % of total number of transactions: The percentage of settled purchase transactions that are exempt from, or covered by, the interchange fee standard.  Return to table.

6. % of total value of transactions: The percentage of the value of settled purchase transactions made with cards that are exempt from, or covered by, the interchange fee standard. Note: Certain transactions for issuers covered by the standard are exempt from the standard. Return to table.

7. Average transaction value: The value of settled purchase transactions divided by the number of settled purchase transactions. Return to table.

8. Average interchange fee per transaction: Total interchange fees divided by the number of settled purchase transactions. Return to table.

9. Interchange fee as % of average transaction value: Total interchange fees divided by the value of settled purchase transactions. Return to table.

10. Dual-message network: A payment card network that typically uses separate messages to authorize and clear a transaction. These networks have traditionally processed signature-authenticated transactions, although some transactions may not require a signature. In some instances, a dual-message network may use a single message to authorize and clear a given transaction and may require the entry of a PIN for cardholder authentication in that transaction. As applicable, the totals for a particular dual-message network include information on any single-message transactions performed on that network. Return to table.

11. Single-message transactions processed over Visa, a dual-message network. For data prior to 2018, single-message and dual-message transactions over Visa are not reported separately. Return to table.

12. Single-message network: A payment card network that uses a single message to authorize and clear a transaction. These networks normally process PIN-authenticated transactions, although some transactions, such as small-value purchases, may not require any authentication (PIN-less) or may use signature authentication. In some instances, a network that typically uses a single message to authorize and clear and transaction may use separate messages to authorize and clear a given transaction. As applicable, the totals for a particular single-message network include information on any dual-message transactions performed on that network. Return to table.

13. Since 2015, Alaska Option has no longer operated as a payment card network for debit cards. Return to table.

14. Prior to 2017, Culiance was known as Credit Union 24. Return to table.

15. Since November 2017, NetWorks has no longer operated as a payment card network for debit cards. Return to table.

16. Prior to 2013 the Board did not release breakdown of "% of total number of transactions", "% of total value of transactions" and "Average transaction value" figures by network. Return to table.

17. The interchange fee standard went into effect on October 1, 2011. Data for 2011 are separated into two periods (January 1-September 30 and October 1-December 31) to reflect fees before and after implementation of the interchange fee standard. Return to table.

18. Some 2009 statistics differ from those in the Board's "2009 Interchange Revenue, Covered Issuer Cost, and Covered Issuer and Merchant Fraud Loss Related to Debit Card Transactions" report. In this data release, interchange fee amounts were divided by the number or value of purchase transactions, while in the earlier report, they were divided by the number or value of purchase transactions less returns. Dual-message and Single-message statistics in 2009 exclude prepaid transactions; prepaid transactions are included in statistics for the "All networks" row. Return to table.

19. Exempt issuers: Issuers exempt from the interchange fee standard. For a definition of exempt issuers, see Interchange Fee Standards: Small Issuer Exemption. Return to table.

20. Covered issuers: Issuers subject to the interchange fee standard. Return to table.

21. All issuers: Exempt issuers and covered issuers. Return to table.

22. % of total number of transactions: The percentage of settled purchase transactions for issuers exempt from, or covered by, the interchange fee standard. Note: Certain transactions for issuers covered by the standard are exempt from the standard. Return to table.

23. % of total value of transactions: The percentage of the value of settled purchase transactions for issuers exempt from, or covered by, the interchange fee standard. Note: Certain transactions for issuers covered by the standard are exempt from the standard. Return to table.

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Last Update: October 25, 2023