by Scott Gibbens | Nov 22, 2023 | General Business Topics
The Credit Card Competition Act is back in the news and still a highly debated topic. It was originally proposed in 2022 by Senator Richard Durbin (D-Ill.), Senator Roger Marshall (R-Kan.), Representative Peter Welch (D-Vt.—now a senator) and Representative Lance...
by Scott Gibbens | Oct 23, 2023 | General Business Topics
A federal agency is considering regulatory action to better protect U.S. consumers from “excessive surveillance”. This topic was presented in October of 2023 by director Rohit Chopra during a Brookings Institution event. Brookings Institution is described as a D.C –...
by Scott Gibbens | Oct 3, 2023 | Credit Card Processing
Scammers are at it again, taking advantage of small business owners and causing some major headaches. It’s called Slamming and has mostly been associated with the telecommunications industry. Slamming happens when a company switches your service provider without your...
by Scott Gibbens | Sep 5, 2023 | Credit Card Processing
I was reviewing a processing statement for a merchant recently and noticed something strange. This merchant was on wholesale / interchange pass through pricing, so the wholesale costs were listed. With this type of pricing, the merchant is supposed to pay the...
by Scott Gibbens | Aug 26, 2023 | Credit Card Processing
A major ISO (Independent Sales Organization) recently announced they would be discontinuing their Non-Cash Adjustment program in October of 2023. Clearent by Xplore, a St Louis, MO payment processing company, said they would be discontinuing the program and...