Payments Source

JULY 8, 2020

The role of EMVCo — which is often seen as an extension of the card brands that deals only with chip-based EMV plastic cards— has come into sharper focus.

CHIPS 168

CHIPS EMV Card Network Rules Debit Card 168

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

Stax

NOVEMBER 15, 2023

Optimize transactions for lower rates Review your card acceptance policies. You may consider accepting only cards with lower interchange rates or encourage customers to use lower-cost payment methods like debit card transactions or ACH transfers. Q: How much do credit card interchange fees cost?

Credit Cards 88

Credit Cards Processors Assessments Non-Bank 88

EBizCharge

JUNE 28, 2024

Card types The type of card used in a transaction can dictate whether a surcharge is permissible. Credit card (CC) surcharges are subject to different rules than those for debit cards. 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

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

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

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

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

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