Transaction Monitoring Costs and the Durbin Amendment

Are your transaction monitoring costs more than $0.007 per transaction?

If so, we need to talk. Buried deep in the Durbin Amendment Final Rule, is an interesting number – the median cost of transaction monitoring is $0.007 per transaction. Even more interesting was the spread from the median cost ($0.007) to the 80th percentile cost ($0.012)*. That means some issuers are paying up to 70% more for transaction monitoring than the Fed thinks is “normal”.

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