Visa and Mastercard Agree to $30B Antitrust Settlement That Will Reduce Merchant Fees On March 26, 2024, Visa and Mastercard announced that they had entered into a $30 billion settlement with US merchants stemming from …
An overview of the April 2024 credit card processing rate and rule changes. Every year in April and October, the card brands update processing rates and rules. Verisave has been monitoring developments and summarized the …
Impending rule and rate changes that will impact the merchants. 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 …
Updates on actions by the Federal Reserve, the Consumer Financial Protection Bureau and the US Senate to address credit card fees. The credit card processing industry is the subject of ongoing legislation, and regulation focused …
Payment data security standards updated. In March 2022, the PCI Security Standards Council (PCI SSC), a global payment security forum, published version 4.0 of the PCI Data Security Standard (PCI DSS). As of April 1, …
A $200k reduction in ecommerce payments fees for a major clothing retailer. Ecommerce storefronts , for all the convenience they provide, present a number of challenges when it comes to payment processing fees. Whether a …
A Major DSO Trims Payments Costs Through Merchant Account Consolidation Recently, Verisave completed a merchant account optimization project for a major Dental Support Organization (DSO), netting a substantial reduction in cost, by coordinating merchant account …
Written by our partners at TokenEx. A Multi-PSP Strategy paired with merchant account optimization can bring significant savings for some businesses. For many large organizations, credit card processing fees constitute a top-5 expense … one …
Update: Credit Card Competition Act of 2023 The Credit Card Competition Act of 2023 (CCCA) is likely to be delayed until 2024 as a number of other issues, including the House speaker crisis, avoiding a …
Credit card balances increased by $48 billion to a record $1.08 trillion in Q3 2023. This increase represents a 4.7% increase from Q2 2023 and a $154 billion, or 16.6% increase from Q3 2023, according …
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