Interchange Works

Protecting consumers from data breaches

Instead of keeping consumers like you safe from data breaches, big box retailers are trying to add to their record profits by changing how your credit card works.

Fewer Customers, Lower Revenues

Big box retailers want to stop paying their fair share in order to protect everyone from fraudulent transactions. Their proposed system is unnecessary and directly harms both consumers and small businesses.

Interchange by the Numbers

How this important program affects retailers and consumers.

Interchange is a crucial part of doing business in 2024: Get the Full Story >

The CCCA would create enormous confusion: From PYMNTS >

Consumers shouldn’t have to pay for data security challenges. From the Miami Herald. >

Increased risk. Less security. From The Gazette. >

Hard-working Americans are already feeling the pinch Big box bullies shouldn’t get a break. >


of cardholders spend more to get rewards

The problem of “junk fees” are real, and the FTC and CFPB should take actions to ban them. >

$3 billion

Cost to reissue debit and credit cards to comply with new mandates

Research has shown debit card price controls lead to higher banking costs. Don’t be fooled. >

The Growing Cost of Data Breaches

Electronic card payments using credit or debit cards account for $6.7 trillion in transactions.12018 Nilson Report Whether from a Main Street business or a big box retailer, transaction databases are fast becoming a treasure trove of information for cyber thieves and dark web data merchants

15 billion

consumer records available for purchase on the dark web

300 million

individuals affected data breaches in 2020


increase in fraud complaints in the past 10 years3Interchange Fee Revenue, Covered Issuer Costs, and Covered Issuer and Merchant Fraud Losses Related to Debit Card Transactions. Board of Governors of the Federal Reserve System (May 2021)

Merchants pay an interchange fee to defray the costs of data breaches. This fraction of a cent per dollar spent keeps your credit card safe from would-be hackers, and helps ensure that you, and the retailer you paid, aren’t responsible for any fraudulent purchases. Take a look at the true impact of interchange regulation.

Interchange Works

88% of Americans feel the current credit system works. Our interchange system ensures that consumers have safe, reliable transactions, merchants are made whole at the time of sale, and privacy standards protect consumer information.