Indiana HB1215 regulates interchange fees for charitable contributions and restricts actions by payment card networks.
Indiana HB1215 adds a new chapter to the Indiana Code to regulate payment card networks. It prohibits these networks from establishing fee schedules used by issuers to determine interchange fees for charitable contributions unless the fees do not exceed specified limits. The bill also restricts payment card networks from fixing interchange fees, implementing fee schedules used by issuers, and requiring merchants to accept all credit cards from covered issuers.
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