Ever since U.S. Senators Dick Durbin of Illinois and Roger Marshall of Kansas introduced the Credit Card Competition Act last year, we haven’t been surprised at the bipartisan support the legislation has received. After all, the bill promises to contain credit card acceptance costs for merchants, and to do it …
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Acquirers Seek Answers from a Visa Surcharging Executive
More than 10 years after Visa Inc. wrote its rules permitting surcharging on its credit cards, questions remain among acquirers, especially those selling or considering surcharge programs for their merchants. Now, as more merchants mull surcharge or cash-discount programs to alleviate some of their card-acceptance costs, and with recent changes …
Read More »Eye on Mastercard; Expect 13% Growth in Early Holiday Spending; Paysafe Adopts Visa Tokens
Paysafe Adopts Visa Tokens And Other Digital Transactions News briefs from 11/20/23
Payments provider Paysafe Ltd. announced it will integrate network tokens from Visa to mask credit and debit card account numbers. The Federal Reserve Board announced an average 1.8% increase in pricing for established services such as check clearing and automated clearing house transactions, with pricing for the FedNow real-time network, which launched in July, …
Read More »A Visa Exec on Surcharging; The Case for Earned Wage Access; Plus Weekly Recap
Acquirers Seek Answers from a Visa Surcharging Executive
More than 10 years after Visa Inc. wrote its rules permitting surcharging on its credit cards, questions remain among acquirers, especially those selling or considering surcharge programs for their merchants. Now, as more merchants mull surcharge or cash-discount programs to alleviate some of their card-acceptance costs, and with recent changes …
Read More »We’ll Always Have Interchange; Visa’s CEO on Interchange; Bitpay’s Crypto Move
Visa’s CEO Downplays Potential Impact From a Fed Meeting on Debit Interchange
The Federal Reserve Board is set to revisit its longstanding limit on debit card interchange on Wednesday, and most observers expect the Fed to lower it. But ask Visa Inc. about the matter—as analysts did Tuesday afternoon during the network’s September-quarter earnings call—and its top executives outwardly at least profess …
Read More »The CFPB on Screen Scraping; Marqeta’s Card Philosophy; Visa’s AR Manager
Visa’s AR Manager And Other Digital Transactions News briefs from 10/23/23
Visa Inc. announced it will start a pilot in November for Visa AR Manager, a platform intended to automate more functions in commercial card acceptance. PayNearMe, a specialist in payments for iGaming and sports betting, will add to its MoneyLine platform the “Cardless Cash at ATM” feature from NCR Atleos Corp. …
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