Payments Processing in the News
Stay up-to-date on the latest industry news and advances in abolishing unfair credit and debit card processing practices.
Durbin Impact Feud Continues Unabated
Retail associations are celebrating what they are calling a year since their legislative victory in the battle over the Durbin amendment by asserting that none of amendment opponents' dire predictions have come true.
Payments Fraud at Companies Moderates, But Remains at High Levels
Payments fraud against companies moderated during 2011, with the share of companies experiencing payments fraud falling to the lowest level since 2004, according to the Association for Financial Professionals’ latest annual study of corporate payments fraud.
Citing Time Pressures, the ETA Asks Visa to Delay New Acquirer Fee
Accusing Visa Inc. of a "lack of regard" for its members, the Electronic Transactions Association merchant-acquiring trade group sent a letter to the card network March 7 asking that it delay implementation of a new fixed fee until acquirers have time to reprogram their back offices and make other adjustments.
Web Merchants See Fraudulent-Order Rate Fall
Online merchants made some progress last year against fraud, but the fight is becoming more and more expensive for them in terms of both dollar losses and operational costs, according to a report issued on Tuesday.
Protests Might Remove Acquirers From the Online Piracy Fray
The Internet revolt over bills in the U.S. House and Senate aimed at thwarting online piracy might have a welcome side effect for merchant acquirers in possibly getting them out of an unwanted role as deputies charged with enforcing public policy.