Every year, in April and October, the card brands update processing rates and rules. Noteworthy changes going into effect during April and May 2023 are summarized below. VISA New Fees From Visa New CVV2 Fee …
Government Agencies and Lawmakers Address Credit Card Industry Practices Beginning in late 2022 and continuing into 2023, an unprecedented amount of scrutiny, from a variety of agencies, has been focused on the credit card industry. Here …
Every year, in April and October, the card networks update processing rates and rules. Below is a summary of the noteworthy changes expected to go into effect in April 2023. We will publish an update …
The Cost of Ecommerce and Retail Fraud Continues to Rise Combating fraud is a growing challenge for many merchants. LexisNexis® Risk Solutions’ 2022 True Cost of Fraud™ Study for Ecommerce and Retail explores fraud trends …
Innovative Measures are Being Tested to Fight Credit Card Fraud As fraud continues to increase, spurred by the growth of ecommerce and mobile payments, merchants, card networks and card issuers are seeking new ways to …
Read moreNew Fraud Mitigation Tools: Biometrics and Numberless Cards
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 …
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 …
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 …
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 …
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) …
Read moreCredit Card Competition Act Introduced in US Senate
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