Though there are multiple class action lawsuits in place against the card brands, the particular litigation addressed in the March 26, 2024, settlement carries industry-wide implications. Per the settlement, Visa and Mastercard have agreed that, interchange rates will lower rates by 4 basis points for the next 3 years.
What’s the Cost of Not Monitoring Your Cost of Acceptance?
Every major retailer accepts credit card payments across the varied channels that consumers use to shop. With this acceptance comes myriad processing fees, ranging from direct and understandable to fees described with esoteric acronyms on merchant funding statements that only the most experienced experts on the acquirer team can explain....
W. Capra Announces Closing of Its Acquisition of Impact 21
W. Capra, the leading professional services firm in commerce, technology, and consumer programs, today announced that it has closed on the strategic acquisition of Impact 21 Group, LLC, a globally recognized business transformation firm with a rich history of empowering businesses to drive results through people, systems, processes and data.