The Payments Association

FEBRUARY 3, 2025

This crucial alert allows merchants extra time to investigate, assess whether a refund can resolve the issue, and communicate directly with the bank to prevent a chargeback. is committed to ensuring its platform complies with the latest payment industry regulations and card network rules.

Fraud Prevention 100

Fraud Prevention Disputes Fraud Detection Card Network Rules 100

Stax

JANUARY 15, 2024

Conduct regular internal audits—preferably on an annual or biannual basis—to assess ongoing compliance with federal regulations. It’s mandatory for all merchants and service providers that accept credit card payments. PCI DSS requirements Businesses must complete a self-assessment questionnaire (SAQ) as part of the validation process.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Stax

NOVEMBER 15, 2023

They can vary based on factors like the type of card (debit, credit, rewards, etc.) Assessment fees Then, you’ve got assessment fees. These go to the card networks themselves, like Visa, Mastercard, or American Express. Assessment fees are usually a small percentage of the transaction value.

Credit Cards 88

Credit Cards Processors Assessments Non-Bank 88

Payment Savvy

JULY 12, 2024

Complexity of Implementation: Ensuring compliance with various card network rules and state laws can be complicated. Legal Considerations for Convenience Fees Before implementing convenience fees , it’s crucial to understand the legal landscape and card network rules that govern these charges.

Card Network Rules 52

Card Network Rules Non-Bank Alternative Payment Methods Credit Cards 52

Stax

SEPTEMBER 26, 2024

That said, you can’t just decide and impose credit card surcharges overnight. It requires stringent adherence to regulatory guidelines and card network rules, from surcharge caps to disclosure requirements. These aren’t the same as the fees incurred by businesses when accepting credit cards.

Credit Cards 88

Credit Cards Caps Best Practices Laws 88

Payment Savvy

JULY 3, 2024

These companies set interchange fees and assessment fees, which are charges for using their payment network. The debit card processor or payment processor: These are entities that provide the technology and infrastructure to process debit card transactions on behalf of merchants. Also known as brand usage fees.

Debit Card 52

Debit Card Process Debit Transaction Processors 52

EBizCharge

JUNE 28, 2024

It’s imperative for merchants to calculate these fees accurately and ensure that any surcharge reflects the true cost of processing to remain compliant with card network rules and avoid the appearance of price inflation. Consequently, merchants cannot profit from these fees; their purpose is solely to cover processing costs.

Credit Cards 52

Credit Cards Legal Debit Card Disputes 52