Credit Card Competition Act of 2022

If you’re a small business owner, you’re well aware of the costs involved to accept card payments from your customers. The majority of processing fees AKA interchange rates, goes to the bank who issued the card. Interchange rates are based on the type of...

VISA Announces Surprising New Change

VISA recently announced a surprising new change that has caught many businesses and merchant service providers off guard. The announcement applies to merchants who add a fee when a card is used for payment. According to VISA, effective April 15, 2023 the maximum...

Code Changes for Gun Sellers

On September 9th, 2022 it was announced that an international standards body has approved creation of a merchant code for gun retailers. This came following pressure from activists who say it will help track suspicious weapons purchases. This will allow banks that...

April 2022 Card Brand Updates

Changes to the Visa Utility Fee Program Visa is modifying the existing US Utility interchange fee program to provide differentiated rates for recurring bill payment utility transactions from non-regulated Visa consumer and Visa Business Debit and prepaid Products....