Merchant suit asserts American Express policies inflate cost of card payments. In December 2024, American Express failed in its attempt to persuade a federal judge to block a proposed class action suit filed by merchants. …
CFPB addresses unlawful practices regarding awards. In December 2024, the Consumer Financial Protection Bureau (CFPB) issued a circular warning credit card issuers that they may violate federal law when they devalue earned rewards, hide the …
Hearing scheduled to bring attention to the CCCA bill. Senator Dick Durbin (D-IL) is apparently making an effort to revive the stalled Credit Card Competition Act (CCCA) which has been languishing since he introduced the …
Payment threat actors are becoming more organized and sophisticated. Visa has released its Fall 2024 Biannual Threats Report which provides an overview of the top threats to the payments ecosystem as identified by its payment …
Opposing briefs filed on interchange law. In June 2024, the Illinois Interchange Fee Prohibition Act (IFPA) was signed into law. It prohibits the collection of interchange fees on sales taxes, excise taxes, and tips if …
Enumeration attacks are a top threat to the payments ecosystem. Enumeration attacks are a type of cyberattack used to discover data in a system or application. For example, a malicious actor may use an API …
Trimming costs by $33k per month through a payments stack optimization. Finance teams are problem solvers by nature. But with all of their creativity and thoroughness, they can only address so many projects at once–there …
Annual Card-Brand Increases Often Trigger Processor Rate Increases Recently, several clients of Heartland Payment Systems found themselves facing unexpected fee increases, including new annual and one-time infrastructure fees. It’s not uncommon for payment processors to …
An overview of October 2024 changes. Every year in April and October, the card brands update processing rates and rules. This is a summary of the rate and rule changes that will impact the broadest …
Visa antitrust suit filed by the DOJ on September 24. On September 24th, the US Department of Justice (DOJ) filed a civil antitrust lawsuit against Visa, accusing it of illegally monopolizing the US debit card …
Our mission is to optimize your merchant account and payments stack. The result is reduced credit card processing fees, and streamlined operations. Whenever possible, we do this without changing your processor, partners, systems, or client experience.
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