How much savings from Durbin will you keep?
Maybe less than you think.
The Durbin Amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 limits the amount banks can charge merchants for debit card processing; meaning you could see significant savings in card processing fees.
However, if you haven't upgraded your fuel dispensers with the latest security features, you could be putting these potential savings at risk. You can help protect those savings by reducing your exposure to costly payment card fraud.
Upgrading your payment systems to the Wayne iX Pay™ Secure Payment solution helps protect against credit and debit card fraud. If a fraudulent debit card is used at your site or Personal Identification Number (PIN) or sensitive card data is stolen from your location, you, as the retailer, could be exposed to additional charge-backs, fees and penalties.
Now is the time to put those savings to good use, and invest in the latest payment security technology to help protect your revenue, your business and your customers from payment card fraud.
Retailer Impact
- Durbin Amendment limits interchange fees
for debit - Reduce costs on nearly 2/3 of retail
fuel transactions - Higher fraud risk potential with signature debit
- Provides retailers more options for
transaction routing
Interchange Fee Calculator
In the past decade, the fees retailers pay for card processing have steadily increased. Known as a “swipe fee” or interchange fee, some retailers have been paying 1.35 percent to process each debit card purchase, which results in 54 cents on a typical $40 transaction. The new limit of 21 cents per transaction reduces these fees by as much as 61 percent, or 33 cents on a $40 transaction. Input your data to find out what your potential savings could be:
*Represents potential savings, results not guaranteed by Wayne, Inc.
What is iX Pay Secure Payment?
The Wayne iX Pay Secure Payment solution delivers advanced security in addition to investment-protecting flexibility and scalability It is built on a technology foundation that integrates with our award-winning iX™ Technology Platform. Retailers can easily and cost-effectively adapt to security regulations while adding enhanced management, maintenance and marketing capabilities.
Featuring a secure keypad, it combines full travel numeric keys that deter the use of data skimming devices with membrane function keys that enable retailers to customize interfaces and rebrand without changing keypads. The solution includes active tamper response mechanisms to deter unauthorized access and device removal.
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| Durbin Savings Brochure | iX Pay Secure Payment | Don’t Settle Pamphlet | Top 10 Advantages | Ovation Upgrade Kit | Vista Upgrade Kit |
Premier Upgrade Kit |
Contact Information
Wayne has offices and manufacturing locations throughout the world to serve our customers around the globe. Please take the link below to find your local distributor to find out more about iX Pay Secure Payment.
Global and North American Headquarters
3814 Jarrett Way
Austin, TX 78728
UNITED STATES
+1 512 388 8311 (Main Number)
+1 888 929 6327 (Customer Solutions)
+1 800 289 2963 (Dresser Wayne Help Desk)