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Premium and Super Premium Cards – The Silent Killers

Over the years, we have seen many increases in interchange fees. Every 6-12 months, Visa/MC will pinpoint specific interchange rates that they choose to go up or down (mostly up). These increases usually apply to only a few categories each release, and they are fairly straightforward to forecast the cost impacts. For example, in October [...]

By |2018-07-02T21:23:00-04:00July 2nd, 2018|General|0 Comments

American Express is Changing their Approach to Merchant Services

Within this complex world of payment processing, one major card network is taking a different approach to merchant services. American Express’s new CEO, Stephen Squeri, announced earlier last quarter that AmEx will be reducing their global merchant discount fees (“swipe fees”) by 5-6 basis-points, which could be their largest decrease in price in the last [...]

By |2018-06-05T08:51:08-04:00June 5th, 2018|General|0 Comments

Chip Card Nightmares?

As a consumer, I've noticed that EMV/Chip card transaction are slower.  As a payments industry consultant, I know EMV transactions are more secure for retail transactions but do nothing for online transactions.  EMV transactions will get faster and ubiquitous in retail.  As the following article from the WSJ argues, mobile payments will speed the adoption - http://on.wsj.com/2aOcl9I 

By |2016-08-03T12:59:44-04:00August 3rd, 2016|General|0 Comments

EMV Status Report

By most industry accounts about 25-30% of US merchants are ready to process EMV transactions on October 1, just three days away.  This is not surprising as EMV enablement is complex, costly and just one part of the payments security layer (more on this later). […]

By |2017-04-19T13:12:16-04:00September 28th, 2015|Education, General|0 Comments

Debit Network Distinctions Blur

Good article from First Annapolis on debit networks and congruence between duel and single message networks.  Read original article here. The debit industry has been in a state of upheaval over the last five years, particularly with regard to the historical distinctions between dual-message (Signature debit) and single-message (PIN debit) systems. Looking to the full [...]

By |2017-04-19T13:12:17-04:00August 15th, 2015|Education|0 Comments

Reducing Pain of EMV & POS Upgrades

Many retailers are struggling with the cost and time involved with upgrading their payments infrastructure to accommodate for EMV cards and contactless payments, including Apple Pay.  The challenge is not just replacing the payment terminals with a Verifone or Ingenico EMV capable terminal.  The greater challenge is certifying/upgrading every link in the payments communication chain [...]

By |2017-04-19T13:12:17-04:00July 10th, 2015|Education|0 Comments

European Interchange Update

The following article presents a good overview of regulatory changes to EU credit interchange rates.  It also provides some context with Australian and U.S. interchange developments. Read more here...

By |2015-08-04T11:09:24-04:00June 22nd, 2015|Education|0 Comments

Merchants Allowed to Steer Customers Away from AmEx

As we noted in a post last month, AmEx was told on May 5th by Judge Garaufis of the U.S. District Court for the Eastern District of New York that it cannot enforce its anti-steering rules.  AmEx was seeking a stay of this ruling pending its appeal.  The stay was denied  this past week.  This [...]

By |2017-04-19T13:12:17-04:00June 20th, 2015|Education|0 Comments

Why Retailers Aren’t Rushing to Adopt EMV

This is a great article by Andrew Deichler at AFP that talks about merchant priorities for card security.  Many retailers are rightly favoring encryption and tokenization solutions and mobile payments acceptance ahead of implementing EMV.  Read the full article here... The EMV liability shift is coming in October 2015, but don’t expect the entire retail [...]

By |2017-04-19T13:12:17-04:00May 19th, 2015|Education|0 Comments

AmEx told it cannot enforce anti-steering rules

This is not surprising but yesterday, Judge Garaufis of the U.S. District Court for the Eastern District of New York issued an injunction prohibiting American Express from enforcing its Anti-Steering Rules (also called “Non-Discrimination Provisions”), which prevent merchants from steering customers to other credit or debit cards.  The order is effective in 30 days, or [...]

By |2015-08-04T11:11:07-04:00May 6th, 2015|Education|0 Comments