The US DOJ recently announced a lawsuit against Visa, alleging it has engaged in monopolizing the debit network markets, entering into unlawful agreements to restrain trade, and violating the Sherman Act. Here's what merchants should know about it.
Eight Digit BIN Expansion Only 12 Months Away
April 2022 may as well be tomorrow in the scheme of assessing, planning, testing and completing projects to mitigate the impact of the eight-digit BIN expansion that Visa will be imposing on merchants.
Visa and MasterCard Offer Rules Changes
The following article comes to us courtesy of Brian Kehn from HomeServeUSA, and describes rule changes that are current as of August 12, 2019. Visa and MasterCard have new rules related to merchants who provide introductory offers, up-sells and free trial offers that turn into an ongoing subscription. The program...
What does the Visa ban by a Kroger subsidiary mean for other merchants?
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...
Changing Signature Requirements – How Will You Be Impacted?
Starting last year, the 4 major US card brands – MasterCard, Visa, Amex, and Discover – issued announcements that beginning in April 2018, merchants are no longer be required to collect signatures on card present transactions. Each card brand's program has different rules and requirements about which transactions are exempt...