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How card network rules help MoviePass disrupt the theater industry

Payments Source

A situation brewing in movie theaters that hinges on card network rules could have broad implications for the entertainment industry.

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Mastercard fined in Europe over merchant fees

Payments Source

The European Commission has fined Mastercard 570 million Euros, or about $648 million, over card network rules that prevented merchants from shopping for better terms at other banks in the EU.

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Credit Card Surcharges: What Are They, and How Do They Work?

Stax

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.

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Credit Card Surcharge Guidance: A State-by-State Overview of Surcharging Laws

Stax

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.

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Seamless Adds The Ability To Link Bank Accounts To SEQR

PYMNTS

This is set to grow further as, in line with card network rules, no terminals without contactless technology can be sold or installed in Europe after 2018. is one of Europe’s most advanced markets for contactless payments with approximately 500,000 terminals currently active.

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How to Build a Chargeback Payments Team in your Company

Clearly Payments

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.

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InterContinental Hotels Hacked?

PYMNTS

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.

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