Saturday , September 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 …

Read More »

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. …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

Five Years On, Is Apple Pay Ready To Bloom At Last?

Five years ago, Apple Inc. laid claim to offering one of the first smart phone-based mobile-payment services, and now some observers say Apple Pay, with an estimated 43% of iPhone owners using the service, may be poised to score a breakthrough. Apple Pay was announced with great fanfare Sept. 9, …

Read More »

The Prepaid Business Adopts a Sanguine Approach As the CFPB’s Big Rule Finally Takes Effect

A day long dreaded by the U.S. payments industry came and went on Monday with little fanfare and not much more gnashing of teeth. The Consumer Financial Protection Bureau’s voluminous prepaid card rule finally took effect with sweeping provisions governing matters ranging from fee disclosures to error-resolution rights to consumers’ …

Read More »

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 …

Read More »

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, …

Read More »
Do NOT follow this link or you will be banned from the site!