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. The amendment caps interchange fees for debit cards to reduce costs for merchants and consumers.

Credit Cards 88

Credit Cards Caps Best Practices Laws 88

Stax

JANUARY 15, 2024

Do they favor credit over debit cards? Some may be deterred by the surcharges, but others may prefer credit cards’ convenience. Let’s now proceed to the final compliance that requires your attention: the card networks you engage with. These events burdened cash and debit card users disproportionately.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88