In response to ever increasing payment processing costs, a collection of 21 stores and five gas stations owned by a Kroger subsidiary in California have announced they will stop accepting Visa credit transactions on August 14th. Kroger overall does have a strong relationship with Mastercard through a co-branded card program...
Analyzing the Impact of the Durbin Amendment on Merchants
Fewer pieces of regulation in the payments space have been as divisive as the Durbin Amendment of the Dodd-Frank Wall Street Reform and Consumer Protection act. What was originally intended as a means of reducing merchants’ debit interchange fees has become a consistent headache for most merchants, large and small....
