Preview: April 2023 Rate and Rule Changes
Every year, in April and October, the card networks update processing rates and rules. Below is a summary of the noteworthy changes expected to go into effect in April 2023. We will publish an update …
Lexis Nexis Study: The True Cost of Fraud
The Cost of Ecommerce and Retail Fraud Continues to Rise Combating fraud is a growing challenge for many merchants. LexisNexis® Risk Solutions’ 2022 True Cost of Fraud™ Study for Ecommerce and Retail explores fraud trends …
New Fraud Mitigation Tools: Biometrics and Numberless Cards
Innovative Measures are Being Tested to Fight Credit Card Fraud As fraud continues to increase, spurred by the growth of ecommerce and mobile payments, merchants, card networks and card issuers are seeking new ways to …
UPDATE: The Credit Card Competition Act
Future of the Credit Card Competition Act is Uncertain In July 2022, the Credit Card Competition Act (CCCA), a bill which seeks to drive down merchant fees and reduce costs to consumers by increasing competition among …
October 2022 Rate and Rule Changes
Every year, in April and October, the merchant processing rules change. This month, Visa, Mastercard, American Express and Discover have rolled out new fee structures and rules. This blog highlights the changes which will impact …
Video: Surcharging Has Evolved
Video: Surcharging has evolved. And it’s worth considering. Credit card surcharging is when a business charges the customer a percentage-based fee for using a credit card to pay for goods or services. Even five years …
Visa Announces 2023 Dispute Rule Updates
Visa announced it will be making modifications to its dispute rules in April 2023. In addition to allowing device id to be used as compelling evidence to dispute fraud in card-not-present environments, Visa will make …
Credit Card Competition Act Introduced in US Senate
A bill has been introduced in the US Senate seeking to drive down merchant fees by increasing competition among US credit card networks. In late July, Sen Dick Durbin (D-Illinois) and Senator Roger Marshall (R-Kansas) …
PCI Compliance Explained
PCI compliance fosters the adoption of data security standards and resources designed to prevent fraud and make payments safe. Read our article to find out more about PCI data security standards and the steps merchants …
Senate Hearing on Interchange Fees
US Senate holds hearing on Interchange Fees. Merchants, banks, card networks, and consumer advocates present their perspective on credit card processing fees. On May 4, the Senate Judiciary Committee held a hearing titled “Excessive Swipe …
