Seven Tips to Reduce Chargebacks
Credit card chargebacks can put your business at serious risk. A chargeback occurs when a customer disputes a charge on their credit card and wins. The payment is reversed, and the merchant is also assessed a …
Upcoming 2022 Rate and Rule Changes
VISA and MasterCard have announced rate and rule changes which will significantly impact US merchants in 2022. The most notable changes are: Interchange rate increases, which will impact card not present transactions in particular Adoption …
Updated Business-to-Business Credit Card Processing Fees
Video: Business-to-business credit card transactions incur higher processing fees. And recent updates are making this more expensive. Every time your business accepts a credit card transaction, you pay a processing fee. But did you know, …
Guide to Reducing Interchange Fees
Reducing interchange fees can bring substantial savings. While interchange fees are often seen as unavoidable pass-through fees that cannot be negotiated or affected, there are many ways to reduce them. Credit cards are the most …
New Thresholds for Industry Interchange Discounts
Video: Visa has updated the interchange discount policy for certain industries. And for some, this will mean an increase in overall fees. Interchange fees are one of the three main processing fee categories paid by …
VISA Updates Dispute Rules in Response to Pandemic
In October, VISA updated its dispute rules in response to the pandemic driven increase in disputed transactions. The new rules for the US market apply to disputes processed on or after October 16, 2021, and …
Market Update November 2021
VISA Updates Dispute Rules in Response to Pandemic In October, VISA updated its dispute rules. Changes include adding wait time limits before issuers can issue chargebacks for certain types of disputes and use of compelling …
5 Ways to Stay Focused on Profitability During Budget Season
Budget season can sap the bandwidth from an already-stressed finance team. But it doesn’t have to be that way How can your team effectively navigate budget season without losing focus on profitability? Managing post-COVID recovery …
8-Digit Bank Identification Numbers Coming in April 2022
Video: 8-digit Bank Identification Numbers are coming in 2022. And this could cause trouble for your business. Currently, the first 6 digits of a credit card number are used to identify the bank or organization …
Is Your Business Avoiding Critical Cost Reduction Projects?
As the economy recovers, now is the time to take a step back and set up your business for success. These are unprecedented times. Fueled by a dropping unemployment rate, a surge in consumer demand …
