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Venue

Bellagio Hotel & Casino
3600 Las Vegas Blvd South
Las Vegas, NV 89109

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Thursday, November 3, 2011

2:20 PM - 3:05 PM
Track: Debit View Track

ISSUER STRATEGIES IN A POST-DURBIN WORLD

Tony Hayes, Partner, OLIVER WYMAN
Jon Groch, SVP, FIFTH THIRD BANK
Scott Qualls, SVP, BB&T
Whitney Stewart, SVP, SUNTRUST
Eduardo Tobon, CEO U.S. Cards & Payments Division, SOVEREIGN BANK – SANTANDER

On June 29, the Federal Reserve released the Final Rule to implement the Durbin Amendment: interchange revenue will be cut by ~50% (as of October 1) and all debit cards must participate in at least two unaffiliated networks.  These changes are prompting large issuers to fundamentally re-think the role and pricing of debit, and how debit is positioned within the DDA and relative to other payment types.  In this panel discussion, leading debit issuers (all over $10BN in assets) will share their strategies in response to Durbin, covering:

  • Debit’s new value proposition
  • Changes to debit and DDA pricing
  • Changes to debit card rewards
  • How to choose a new debit network

 

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