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Dodd-Frank Requirements for Transaction Processing

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Does the Durbin Amendment (Dodd-Frank Act) require all banks to adopt PIN-debit (versus signature) transaction technology?

No. The requirement may require that cards be capable of providing multiple routing options, but there is nothing in the law that prohibits the use of signature-based authentication for debit card transactions.

First published on 3/14/11

First published on 03/14/2011

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Filed under technology as: 

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