1. The debit card issuer survey (FR
3064a) collects data from issuers of debit cards (including
general-use prepaid cards) that, together with affiliates, have
assets of $10 billion or more, including information regarding the
volume and value of debit card (including general-use prepaid card)
transactions, costs of authorization, clearance, and settlement of
debit card transactions, associated interchange fees, payments, and
incentives paid by networks to issuers, and the incidence of and
losses due to debit card fraud. 2. The payment card network survey
(FR 3064b) collects data from payment card networks including the
volume and value of debit card (including general-use prepaid card)
transactions; associated interchange fees; network fees; and
payments and incentives paid by networks to acquirers, merchants,
and issuers.
US Code:
5
USC 552(b)(4) Name of Law: Freedom of Information Act
US Code:
15 USC 1693o-2(a)(3)(B) Name of Law: The Wall Street Reform and
Consumer Protection Act of 2010 (Dodd-Frank Act
US Code: 15 USC 1693o-2(a)(3)(B) Name of Law:
he Wall Street Reform and Consumer Protection Act of 2010
(Dodd-Frank Act
The Federal Reserve proposes to
revise the debit card issuer survey (FR 3064a) to collect data on
costs of authorization, clearance, and settlement broken out by
variable costs and fixed costs, and to instruct respondents to
exclude transactions monitoring from the calculation of costs of
authorization, clearance, and settlement. In addition, the Federal
Reserve proposes that, for the data collection for calendar year
2013, the survey be made available to respondents by February 3,
2014, with a filing deadline of March 17, 2014. The Federal Reserve
proposes to revise the payment card network survey (FR 3064b) to
collect data on exempt general-use prepaid card transactions broken
out between transactions using cards issued by an issuer that
qualifies for the small issuer exemption and transactions using
cards issued by a non-exempt issuer. In addition, the Federal
Reserve proposes to modify the confidentiality status of the FR
3064b allowing for the public release of more data at the network
level, specifically, average transaction values, and proportions of
transactions for exempt and not-exempt issuers for each network.
Lastly, the Federal Reserve proposes to make several clarifications
throughout both surveys and delete data items applicable to
specific timeframes no longer relevant. The proposed revisions to
both surveys would be effective for the collection of calendar year
2013 data, collected as of December 31, 2013.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.
Form FR 3064b Payment card network survey (FR 3064b)
FR3064a_b_20140115_omb.docx
Payment card network survey (FR 3064b)