Payments Source

SEPTEMBER 3, 2020

election could move the cannabis industry closer to the mainstream, but legal dispensaries will still have to deal with workarounds to accept card or mobile payments. The upcoming U.S.

Legal 158

Legal Mobile Payments Payments Card Network Rules 158

Stax

JANUARY 15, 2024

Let’s now proceed to the final compliance that requires your attention: the card networks you engage with. Navigating Card Network Rules Credit card brands and financial institutions enforce PCI DSS compliance. They have unique rules, validation criteria, and compliance expectations you must adhere to.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

PYMNTS

APRIL 20, 2017

In the meantime, and in line with best practice, we recommend that individuals closely monitor their payment card account statements. Payment card network rules generally state that cardholders are not responsible for such charges.”. If there are unauthorized charges, individuals should immediately notify their bank.

Data Breach 45

Data Breach Breach Card Network Rules Best Practices 45

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. This is good news because it means you won’t have to inflate your base prices to cover payment processing fees.

Credit Cards 88

Credit Cards Caps Best Practices Laws 88

Stax

JULY 30, 2024

TL;DR A credit card surcharge program can be particularly beneficial for small businesses to offset the cost of accepting credit card payments. However, before implementing it, you must know all the state, federal, and card network rules surrounding it.

Credit Cards 88

Credit Cards Laws Rules Debit Card 88

Clearly Payments

SEPTEMBER 18, 2024

Collaboration with the Analyst: Advises on handling complex chargeback cases and navigating card network rules. Legal Advisor: The Protector In complex or high-value disputes, the legal advisor ensures compliance with regulations and assists in developing a robust defense during the representment process.

Disputes 95

Disputes Fraud Prevention Payments Credit Cards 95

Payments Source

MARCH 12, 2019

To successfully create new payment forms and uses, it’s critical to have a highly functioning team developing and promoting their ideas — something Colleen Taylor has fully embraced at Mastercard.

Visa 113

Visa Card Network Rules Payments Credit Cards 113

Stax

NOVEMBER 15, 2023

This strategy offers transparency and allows businesses to maintain their profit margins while offsetting the cost of processing card payments. It’s important to note that the legality of surcharging varies by location and is subject to regulations and card network rules.

Credit Cards 88

Credit Cards Processors Assessments Non-Bank 88

Payments Source

JUNE 17, 2019

Payments Canada is proposing to allow delayed transaction authorization to enable debit cards to be used in open-loop transit — and the change could affect far more than commuters.

Debit Card 92

Debit Card Rules Authorization Transactions 92

Payments Source

NOVEMBER 3, 2017

In the U.S., Visa Direct has emerged as one of the few go-to tools for fast payments in a market that is overdue for such options. The product's true test begins now, as Visa launches it in Europe, where faster payments options are far more plentiful.

Faster Payments 88

Faster Payments Payments Product Card Network Rules 88

Payments Source

JANUARY 14, 2020

The specific impetus for the Federal Trade Commission's inquiry into Visa and Mastercard's debit transaction routing processes is not entirely clear, but it likely stems from the effect that advanced payments technology has had on Durbin amendment compliance.

Federal Trade Commission 83

Federal Trade Commission FTC Debit Transaction Compliance 83

Segpay

FEBRUARY 28, 2024

Adopting these habits requires initial effort but saves exponentially more over time. Think carefully before outsourcing key payment functions that impact top and bottom-line results.

Processors 52

Processors IRS Push-to-Card Non-Bank 52

Payments Source

DECEMBER 14, 2017

As Mastercard, Discover and American Express all plan to drop signature authentication at the point of sale, Visa is largely mum on the topic. But does it really need to weigh in?

Authentication 75

Authentication Visa Card Network Rules Debit Card 75

Payments Source

APRIL 6, 2018

MoviePass has purchased Moviefone, the movie listing and information service, in a deal that gives momentum to a business that owes its success to honor-all-cards rules.

Debit Card 70

Debit Card Rules Card Network Rules 70

Payments Source

JANUARY 8, 2018

Visa did not attribute its shutdown to the use of bitcoin, but the incident is a further reminder — as if one was needed — that cryptocurrencies' volatility extends beyond their dramatic pricing swings.

Shutdown 69

Shutdown Bitcoin Cryptocurrency Card Network Rules 69

Payments Source

JANUARY 26, 2018

MoviePass has pulled its participation from 10 AMC movie theaters following disagreement over the theaters’ support of MoviePass’ $9.95 monthly movie subscription model, which uses a Mastercard to guarantee payment through its app.

Visa 68

Visa Participant Payments Card Network Rules 68

Payments Source

NOVEMBER 8, 2019

Two Mastercard issuers have enabled Mastercard’s True Name feature for customers who opt to use their preferred name on credit, debit and prepaid cards instead of their legal name, to support gender inclusion.

Issuers 67

Issuers Visa Legal Card Network Rules 67

Payment Savvy

JULY 3, 2024

Charge Your Customers a Small Fee for Using a Debit Card: Consider passing on some or all of the processing fees to customers by implementing a small surcharge for debit card transactions. Ensure compliance with card network rules and regulations when implementing this strategy.

Debit Card 52

Debit Card Process Debit Transaction Processors 52

Payments Source

JULY 24, 2018

Under its new chargeback rules, Visa retired one of the chargeback codes that merchants almost always lost — "transaction not recognized," formerly listed as Chargeback Reason Code 75.

Rules 64

Rules Transactions Card Network Rules Credit Cards 64

Payments Source

OCTOBER 18, 2018

American Express Co.’s s quest to be accepted everywhere from the corner bodega to the nail salon down the street is paying off.

Card Network Rules 63

Card Network Rules Credit Cards Rules 63

Payments Source

JUNE 15, 2018

Visa has moved to cut its debit transaction fees in India by 95%, bringing it more in line with RuPay, India’s state-run domestic debit scheme.

Small Business 63

Small Business Debit Transaction Transactions Card Network Rules 63

Payments Source

JANUARY 18, 2019

Even though American Express received pre-approval to provide transaction settlement services in China more than a year ago, it is playing the waiting game to get those wheels in motion amid a fiery political climate.

Settlement 62

Settlement Transactions Card Network Rules Credit Cards 62

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

Payments Source

FEBRUARY 27, 2019

P2P transfer apps aren't just for splitting the rent — they can also be portals to a wider array of financial services, as Canada’s national Interac debit network plans to prove.

P2P 103

P2P Debit Network B2B Payments 103

Clearly Payments

FEBRUARY 8, 2024

Payment Card Network Rules: Visa, Mastercard, and other credit card networks have their own sets of rules and standards governing the operation of their networks. It establishes maximum hold periods for check deposits and outlines requirements for expedited availability of certain types of checks.

Regulations 85

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 85