Thursday , March 21, 2019

Search Results for: fanf

Home Depot Antitrust Suit Challenges Networks over Chip Cards and Visa’s FANF

The Home Depot Inc.’s new lawsuit against Visa Inc. and MasterCard Inc. makes many of the same antitrust allegations that other merchants have lodged against the big networks in recent years. The suit, however, is notable for asking the court to quash Visa’s Fixed Acquirer Network Fee (FANF) and, like …

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How Debit Networks Are Mimicking FANF

Some of the nation’s major PIN-debit networks over the past couple of years have quietly instituted so-called participation fees that are assessed for each merchant location in the network. The fees’ progenitor, says a veteran market observer, is Visa Inc.’s Fixed Acquirer Network Fee (FANF), which Visa instituted in 2012. …

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FANF’s Offspring: Debit-Network Participation Fees

With little fanfare, some of the nation’s major PIN-debit networks over the past couple of years have instituted so-called participation fees that are assessed for each merchant location in the network. The fees’ progenitor, says a veteran market observer, is Visa Inc.’s Fixed Acquirer Network Fee (FANF), which Visa instituted …

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Visa’s FANF Revision Could Take a High Toll on Aggregators When It Kicks in Next Year

A revised set of network fees from Visa Inc. could hit merchant aggregators hard when the revisions take effect next April, according to payments-industry sources. Depending on the size and number of aggregators’ sponsored merchants, the revisions could significantly boost actual fee payments as well as drive up programming and …

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In a Move Aimed at Aggregators And Small Sellers, Visa Tweaks FANF Fees Effective April 2015

Visa Inc. has tweaked its controversial fixed acquirer network fee (FANF), with the changes scheduled to take effect 12 months from now, according to sources who have seen the changes. A bulletin Visa released last week and circulated to acquirers indicates the modifications to the 2-year-old FANF are aimed chiefly …

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Cover Story: What’s This FANF Thing All About?

Born of the transformed world wrought by Durbin, Visa’s new acquirer fee is either a rational response to changed economics or a diabolical exercise of raw power, depending on whom you ask. By John Stewart Bruce Reisman is an angry man. “I’m not a happy camper. I’m constantly looking for …

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Network Fee Boosts Are Taking a Big Bite out of Merchants’ Durbin Savings, Research Says

A bevy of fees levied by the two major card networks is offsetting much of the fee relief merchants receive from the 7-year-old Durbin Amendment, according to new findings from a payments-research firm that is studying the issue on behalf of the retail industry. While the Durbin caps on debit …

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Chase Tries Again

One thing that can help put over a new payment technology is backing from a bank or technology company that controls a huge chunk of the consumer universe. But the key word here is “help.” Consumers and merchants have to be ready for the technology, as well. With contactless cards, …

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10th Annual Field Guide to Alternative Payments

We list 37 entries this year, of which only three appeared in our original Guide nine years ago. This year’s Field Guide represents our 10th annual effort to catalog the broad currents in electronic payments by listing some of the more salient players providing alternatives to the big network brands. …

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Are Masterpass and Visa Checkout Doomed by the New Shared Buy Button?

Speculation that Visa Checkout and Masterpass brands may be on the way out has surfaced following announcements last week from Visa Inc. and Mastercard Inc. they would support a shared buy button for online purchases based on EMVCo’s Secure Remote Commerce specification. Reports of a possible phaseout of Masterpass, launched …

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