Market Update June 2023
Credit Card Competition Act of 2023 Introduced In early June, lawmakers introduced the Credit Card Competition Act of 2023 in the US Senate and House of Representatives. The bill is nearly identical to one that …
PCI Data Security Standard 4.0
Get Ready for PCI DSS 4.0 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). PCI DSS is …
How AI is Impacting Credit Cards
AI meets the credit card processing industry Artificial Intelligence (AI) seems to be everywhere. It is being applied to a growing range of activities, including Farming, Medicine, Manufacturing, Education — and credit cards are no exception. …
April 2023 Card Brand Rate and Rule Changes
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 …
Heightened Scrutiny of the Credit Card Industry
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 …
Preview: April 2023 Rate and Rule Changes
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 …
Lexis Nexis Study: The True Cost of Fraud
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 …
New Fraud Mitigation Tools: Biometrics and Numberless Cards
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 …
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 …
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 …
