Have You Ever Heard of The "Durbin Amendment"?

As the owner of a Bar, Restaurant or Nightclub you'd better know about it. It legalized the simplest to implement most effective sales management tactic known to man.

The Durbin Amendment is a provision in the Dodd-Frank Wall Street Reform and Consumer Protection Act aimed at debit card interchange fees and increasing competition in payment processing. The bill aimed to restrict anti-competitive practices and encourage competition, and included provisions which allow retailers to refuse to use cards for small purchases and offer incentives for using cash or another type of card
 
 

The Dodd-Frank Wall Street Reform and Consumer Protection Act is a United States Federal Statute signed into law on July 21 2010.

 

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