Data for Previous Years - Accessible Version

Average Debit Card Interchange Fee by Payment Card Network
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%
Single-message11 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 Option12 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%
Credit Union 24 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%
NetWorks 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%
Single-message11 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 Option12 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%
Credit Union 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%
NetWorks 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%
Single-message11 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 Option12 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%
Credit Union 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%
NetWorks 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%
Single-message11 34.8% 35.2% $40.81 $0.28 0.68% 65.2% 64.8% $40.12 $0.23 0.58% $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 Option12 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%
Credit Union 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%
NetWorks 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 201213
Exempt issuers16 Covered issuers17 All issuers18
% of total
number of
transactions19
% of total
value of
transactions20
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
% of total
number of
transactions19
% of total
value of
transactions20
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%
Single-message11 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 Option12       $0.12 0.25%       NA NA   $0.12 0.25%
ATH       $0.24 0.64%       $0.18 0.47%   $0.19 0.50%
Credit Union       $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%
NetWorks       $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, 201113,14
Exempt issuers16 Covered issuers17 All issuers18
% of total
number of
transactions19
% of total
value of
transactions20
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
% of total
number of
transactions19
% of total
value of
transactions20
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%
Single-message11 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 Option12       $0.15 0.28%       $0.15 0.27%   $0.15 0.28%
ATH       $0.30 0.80%       $0.17 0.47%   $0.20 0.52%
Credit Union       $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%
NetWorks       $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, 201113,14
Exempt issuers16 Covered issuers17 All issuers18
% of total
number of
transactions19
% of total
value of
transactions20
Average
transaction value7
Average
interchange fee
per transaction8
Interchange fee
as % of average
transaction
value9
% of total
number of
transactions19
% of total
value of
transactions20
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%
Single-message11 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 Option12       $0.15 0.23%       $0.15 0.28%   $0.15 0.23%
ATH       $0.29 0.80%       $0.29 0.80%   $0.29 0.80%
Credit Union       $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%
NetWorks       $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 200913,15
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%
Single-message11 $40.30 $0.23 0.58%
ACCEL   $0.21 0.54%
AFFN   $0.13 0.26%
Alaska Option12   $0.01 0.04%
ATH   NA NA
Credit Union   $0.18 0.45%
Interlink   $0.21 0.55%
Jeanie   $0.20 0.44%
Maestro   $0.29 0.69%
NetWorks   $0.25 0.74%
NYCE   $0.29 0.65%
PULSE   $0.00 0.00%
SHAZAM   $0.26 0.61%
STAR   $0.23 0.58%
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: Settled purchase transactions exempt from the interchange fee standard, including those for issuers exempt from the standard, as well as those for issuers covered by the standard that qualify for another exemption from the standard. These additional exemptions apply to transactions using (a) cards pursuant to certain government-administered payment programs, and (b) certain reloadable general-use prepaid cards. For a definition of exempt issuers, see https://www.federalreserve.gov/paymentsystems/regii-interchange-fee-standards.htm. Return to table.

3. Covered transactions: Settled purchase transactions covered by the interchange fee standard, including those for issuers covered by the 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. Note: Certain transactions for issuers covered by the standard are exempt from the standard. Return to table.

6. % of total value of transactions: The percentage of the value of settled purchase transactions 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 normally process signature-authenticated transactions, although some transactions, such as small-value purchases, may not require any cardholder authentication. 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 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. Return to table.

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

13. 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.

14. 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.

15. 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 (http://www.federalreserve.gov/paymentsystems/files/debitfees_costs.pdf). 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.

16. Exempt issuers: Issuers exempt from the interchange fee standard. For a definition of exempt issuers, see https://www.federalreserve.gov/paymentsystems/regii-interchange-fee-standards.htm.

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

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

19. % 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.

20. % 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.

Back to Top
Last Update: July 14, 2017