Video: Surcharging Has Evolved
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 Announces 2023 Dispute Rule Updates
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 …
Credit Card Competition Act Introduced in US Senate
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) …
PCI Compliance Explained
PCI compliance fosters the adoption of data security standards and resources designed to prevent fraud and make payments safe. Read our article to find out more about PCI data security standards and the steps merchants …
Senate Hearing on Interchange Fees
US Senate holds hearing on Interchange Fees. Merchants, banks, card networks, and consumer advocates present their perspective on credit card processing fees. On May 4, the Senate Judiciary Committee held a hearing titled “Excessive Swipe …
Mastercard Subscription Billing Rule Changes Delayed
Subscription rule changes from Mastercard delayed until September 2022. New requirements for subscription and negative option billing were originally slated to take effect in March. In late 2021, Mastercard announced new requirements for merchants using …
Credit Card Tokenization Explained
What is credit card tokenization? Fraud is one of the biggest challenges faced by the payments industry, and tokenization is one way to prevent it. Credit card tokenization is a fraud-prevention measure that protects sensitive …
April 2022 Update: Card Brands Increase Merchant Fees
VISA, Mastercard, American Express, and Discover increase US merchant fees. Most US merchants will experience increased rates and fees, however the nature and extent of the impact will vary depending upon a merchant’s size, transaction …
Insights on the April 2022 Rate Updates
Video: April 2022 VISA/MC rate updates. On April 22, 2022, VISA and Mastercard announced rate updates related to credit card processing fees. The card brands make these updates every April and October, with little exception. The …
New Surcharging and Cash Discounting Penalties
Video: new surcharging and cash discounting penalties. Surcharging is a tactic used by merchants to pass the cost of credit card processing fees on to the customer. Cash discounting is an incentive merchants use to discourage …
