Joe Wise

law

UPDATE: The Credit Card Competition Act

Future of the Credit Card Competition Act is Uncertain In July 2022, the Credit Card Competition Act (CCCA), a bill which seeks to drive down merchant fees and reduce costs to consumers by increasing competition among …

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rulebook

October 2022 Rate and Rule Changes

Every year, in April and October, the merchant processing rules change. This month, Visa, Mastercard, American Express and Discover have rolled out new fee structures and rules. This blog highlights the changes which will impact …

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Video: Surcharging Has Evolved

Video: Surcharging has evolved. And it’s worth considering. Credit card surcharging is when a business charges the customer a percentage-based fee for using a credit card to pay for goods or services.  Even five years …

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Visa Announces 2023 Dispute Rule Updates

Visa announced it will be making modifications to its dispute rules in April 2023. In addition to allowing device id to be used as compelling evidence to dispute fraud in card-not-present environments, Visa will make …

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Credit Card Competition Act Introduced in US Senate

A bill has been introduced in the US Senate seeking to drive down merchant fees by increasing competition among US credit card networks. In late July, Sen Dick Durbin (D-Illinois) and Senator Roger Marshall (R-Kansas) …

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PCI Compliance Explained

PCI compliance fosters the adoption of data security standards and resources designed to prevent fraud and make payments safe. Read our article to find out more about PCI data security standards and the steps merchants …

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New Thresholds for Industry Interchange Discounts

Video: Visa has updated the interchange discount policy for certain industries. And for some, this will mean an increase in overall fees. Interchange fees are one of the three main processing fee categories paid by …

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VISA Updates Dispute Rules in Response to Pandemic

In October, VISA updated its dispute rules in response to the pandemic driven increase in disputed transactions. The new rules for the US market apply to disputes processed on or after October 16, 2021, and …

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