Evolve Payment

NOVEMBER 21, 2022

The Steps to Becoming PCI Compliant: Find the Self-Assessment Questionnaire (SAQ) form that applies to your business. Many processors have purposely made it this way so they can hide fees (which we call ‘junk fees’) while reducing the number of questions coming in from their merchants.

Process 52

Process Processors Credit Cards PCI DSS 52

Global Fintech & Digital Assets

MARCH 8, 2024

Deviations From the Proposal The original proposal sought to establish that late fees cannot exceed 25% of the required payment (currently, late fees cannot exceed 100% of the required payment). The CFPB, however, declined to adopt this aspect of the proposal in the final Rule.

CFPB 59

CFPB Credit Cards Rules Card Issuer 59

Stax

DECEMBER 2, 2024

In 2024 alone, more than a dozen state legislatures introduced bills related to surcharging and consumer fees generally. Several new laws seek to ban “drip pricing” or “junk fees,” and their uncertain meaning has resulted in confusion among merchants and acquirers. The Minnesota law will go into effect on January 1, 2025.

Junk Fees 68

Junk Fees Credit Cards Push-to-Card Laws 68