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The End of PIN-Debit for Fuel? standard

PIN-based debit authorization rates have recently increased dramatically, some merchants complaining that their auth rates have increased up to four times their previous rate.  In some armchair research, I learned that Interlink (Visa) and Pulse (Discover) have removed interchange caps on transactions.  For most merchants, it is still cheaper to process a PIN-Based Debit transaction than a credit card transaction (on a per transaction basis), but for others it is about the same.  Or at least the difference in cost is so minimal that their volumes don’t force an advantage one way or the other. Visa is enforcing PIN Entry Device (PED) mandates, effective on July 1, 2010, whereby all PEDs must comply with the PCI PED Standard.  For retailers ...

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