The History of American Express
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, …
How an Electronics Retailer Reduced Processing Costs by $2 Million per Year
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. …
Visa and Mastercard Agree to New $30B Antitrust Settlement
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 …
April 2024 Processing Rate and Rule Updates
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 …
Preview of April 2024 Rate and Rule Changes
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 …
Important Regulatory Developments Regarding Credit Card Fees
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 …
PCI Data Security Standard 4.0 Going Into Effect
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, …
How an Ecommerce Retailer Cut Credit Card Processing Costs by $200k
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 …
Case Study: A Major Dental Support Organization Trims Processing Fees
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 …
Payment Optimization and a Multi-PSP Strategy
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 …
