interchange transaction fee
Defined in 1 place of the United States Code.
The term “interchange transaction fee” means any fee established, charged or received by a payment card network for the purpose of compensating an issuer for its involvement in an electronic debit transaction.
Source
- 2010–present15 U.S.C. § 1693o-2Commerce and Trade · Reasonable fees and rules for payment card transactions · for purposes of this section