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.

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10/01/2012 Heartland Credits Merchants with More than Quarter Billion Dollars in Durbin Debit Reform Savings

Heartland has delivered more than $262 million (MM) in signature debit savings to its merchant customers throughout the United States.

06/18/2012 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.

04/23/2012 A Battered Acquiring Industry Seeks New Political Survival Strategies

In the wake of the Durbin Amendment’s debit card price controls taking effect last fall and other new regulations, the payments industry is feeling politically battered and bruised and fearing that more fights with merchants are on the way.

04/12/2012 In Opening Salvo over Credit Card Fees, C-Store Group Decries Card Costs at Pump

A major merchant trade group recently fired an opening shot in what is likely to be a long, hard battle over credit card acceptance costs.

04/03/2012 AmEx Stops Gift Card Sales in New Jersey As Merchants Battle Zip-Code Law

A controversial New Jersey law that claims unused gift card balances as state property after two years and requires gift card sellers to obtain buyers’ ZIP codes is taking heavy fire.

03/23/2012 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.

03/13/2012 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.

03/02/2012 Visa to Launch New Acquirer Fee in April

The bank card networks will introduce new fees for merchant acquirers in April, according to information obtained by Digital Transactions News.

02/21/2012 The IRS Hears Merchants’ Pleas About Card Receipts, But Will Taxable Sales Go Unreported?

Responding to pressure from retailers, the Internal Revenue Service this month announced that it would give merchants a pass on what merchants feared would be a new hassle when filling out their tax returns.

02/13/2012 Durbin Begins to Bite at Visa As Debit Growth Slows in the Latest Quarter

While acknowledging that federal pricing regulations are crimping growth in its debit card business, Visa Inc. recently presented an upbeat report to investors that stressed new ventures like its recently introduced digital wallet, V.me.

02/03/2012 MasterCard Sees Durbin Gains But Draws the Line at Credit Card Interchange Cuts

MasterCard Inc. posted strong debit card growth in 2011's fourth quarter, and the No. 2 card network’s top executive told analysts recently that MasterCard is picking up some new business because of the Durbin Amendment.

01/25/2012 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.

01/18/2012 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.

01/09/2012 Acquirers, Small Merchants See More Risk-Reduction Value in PCI, Survey Shows

The 7-year-old Payment Card Industry data-security standard (PCI) is proving its effectiveness in preventing data breaches among small merchants, according to a survey of payments-industry acquirers set to be released next week.