Have you seen PCI (Payment Card Industry) compliance and non-compliance fees on your merchant statements? Many business owners see these fees and wonder why they are necessary in addition to their processing fees. The purpose of PCI compliance is to … Continue reading
With the holidays upon us, many business owners find themselves overwhelmed with an influx in business, putting tremendous focus on providing an excellent service or product to their customers. In addition, business owners are individuals who work hard for their … Continue reading
Each April and October the card brands make updates to the interchange fees paid by all merchants. These fees are actually billed to the merchants acquirer/processor who then marks up these rates and adds their own fees before passing it … Continue reading
By: Tom Wimsett The Durbin Amendment: Two years after Implementation…..THE WINNERS AND LOSERS July 29, 2013 marks the second anniversary of the Federal Reserve’s ruling affecting the “interchange fee” essentially paid for by merchants whenever a merchant accepts a debit card as payment … Continue reading