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Durbin Crossing Community Development District OCTOBER 23, 2023AGENDADurbin Crossing Community Development District 475 West Town Place, Suite 114 St. Augustine, Florida 32092 www.durbincrossingcdd.comOctober
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Durbin Crossing refers to the reporting requirements established under the Durbin Amendment, which mandates that certain financial institutions disclose information about debit card transactions.
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Financial institutions with over $10 billion in assets are required to file Durbin Crossing reports.
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To fill out Durbin Crossing forms, institutions must collect and report data on debit card transactions, vendor transaction fees, and other related banking details as specified in the regulations.
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The purpose of Durbin Crossing is to increase transparency in debit card transaction fees, thereby allowing for a fairer competitive environment in the payment processing industry.
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Entities must report information including transaction volumes, total transaction fees incurred, and interchange fees associated with each debit transaction.
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