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 partnership. Is this move to…
Tag: Interchange
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. The Federal Reserve of Richmond…