Every year in April and October, the card brands update processing rates and rules. Verisave has been monitoring developments to provide our clients with advance notice of the changes that will go into effect. Anticipated …
In June, a Federal judge rejected the proposed $30 billion settlement announced by Visa and Mastercard in March 2024. The settlement stemmed from a 2005 class-action lawsuit by merchants that accused Visa, Mastercard, and banks …
Illinois Interchange Fee Prohibition Act Challenged. On August 15th, the American Bankers Association (ABA), America’s Credit Unions, the Illinois Bankers Association and the Illinois Credit Union League filed a lawsuit to block the Illinois Interchange …
Discover Financial Settlement Now Subject to Court Approval. On July 1, 2024, Discover Financial entered into an agreement to settle class action lawsuits from merchants regarding a card product misclassification which caused merchants to pay …
Accessing Optimal Credit Card Processing Discounts for a Major Payment Facilitator A Payment Facilitator, or PayFac, is a payment service provider that makes it easy for organizations to accept credit card and other electronic payments …
In May, both Visa and Mastercard shared details on ways they are using generative AI to combat fraud. What will this mean for your business? Here’s what we know so far: Visa Visa announced that …
Visa seeks to provide more flexibility and security for the modern payments landscape. On May 15th, Visa unveiled new innovation related to payment cards and account-to account payments that it asserts will provide account holders …
Regulatory Updates Regarding Credit Card Fees: Q2/24 This article provides an update regarding ongoing regulatory activity impacting credit card processing. Comment Period for Federal Reserve Proposal to Lower Debit Interchange Ends The comment period for …
Founded in 1850, American Express is one of the most recognized brands in the world. Although American Express is one of the most recognized brands in the world, touching millions of consumers and businesses daily, …
B&H Photo nets a significant cost reduction in credit card processing fees. Founded in 1976, B&H Photo is a wildly-popular electronics supplier known for its personal and passionate expertise in photography, film, and audio technologies. …
Our mission is to reduce your credit card processing fees without changing your processor, partners, systems, or client experience.
The first step is to determine if we’re a mutual fit.
Not every business will have an opportunity to trim wasted spend from their processing fees.
Let’s find out if we can help you save money. Start a complimentary analysis below.
