On April 1, 2013 the Durbin Amendment to  the Dodd-Frank Wall Street Reform and Consumer Protection Act requires benefits debit card issuers to enable at least two unaffiliated payment networks for debit cards: 1) Signature network such as MasterCard or Visa; and 2) A PIN network not affiliated with the signature network.  Both networks must be national in scope.  Currently, the benefits debit card provides one network and in order to comply with the Durbin Amendment, our benefits debit card is adding a second PIN network.


Cards that provide access to Health and Dependent Care FSAs, Health Reimbursement Arrangements, and Commuter Benefit accounts are affected by this requirement.  Health Savings Accounts are exempt from these new rules because they are part of a bona-fide trust arrangement. 


It is important to note that the PINs provided with the benefits debit card will only allow participants to pay for eligible expenses.  Additional access to cash-back and ATM transactions will not be allowed, the same as today.


The regulations do not require that the participant use the PIN to access funds.  Participants will be able to continue to sign for purchases as they’ve been used to in the past. 


Discovery Benefits will be providing information for employers and participants who already have a benefits debit card, to include FAQs about how to create or reset a PIN.  New cardholders will receive a sticker on the front of their card that displays an automated toll-free number to call and select a PIN.  Information included with the card will provide additional information. 


As always, if you have questions please feel free to call Discovery Benefits at 866-451-3399.