HB2768

Arizona HB2768 regulates interchange fees for electronic payment transactions, prohibiting certain practices by payment card networks.

Arizona HB2768 amends state law to regulate interchange fees for electronic payment transactions. The bill prohibits payment card networks from establishing or implementing fee schedules that have been used by issuers to determine interchange fees. It also restricts the ability of payment card networks to charge fees related to chargeback disputes and mandates disclosure of chargeback rules and fees. Merchants and consumers involved in chargeback disputes must be notified annually.