Big banks’ interchange revenue appears to be climbing out of the Durbin crater. At banks exempt from the Dodd-Frank price controls, meanwhile, such revenue is speeding along unscathed.
Swipe fees jumped at an annual rate of 40% in the second quarter among a group of institutions with more than $10 billion of assets, despite weakening trends in debit transaction volume. (The graphic below shows interchange earnings for about 900 individual companies, along with aggregate data on swipe fees and transactions activity. Interactive controls are described in the captions.)