Rhode Island S2344 prohibits charging interchange fees on taxes and gratuities for electronic payment transactions.
Rhode Island S2344 prohibits issuers, payment card networks, acquirer banks, and processors from charging interchange fees on taxes and gratuities for electronic payment transactions. Merchants must transmit tax or gratuity amount data to avoid these fees. Violators face civil penalties of $1,000 per transaction. The act takes effect on January 1, 2027.
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