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Potential Claims Process & Details of the Visa/MC Settlement

Last November 2012, Judge John Gleeson of the U.S. Eastern District Court of New York gave preliminary approval to a proposed $7.25 billion antitrust settlement claim against Visa and MasterCard.  This class action lawsuit brought on behalf of 7 million U.S. merchants alleged that the card networks artificially inflated interchange rates charged for credit and [...]

By |2017-04-19T13:12:18-04:00May 15th, 2013|General|0 Comments

Credit Card Surcharging Overview & Updates

As part of the settlement between the card networks (Visa and MasterCard) and merchants, the card networks are allowing merchants in the U.S. to impose a “surcharge” for using a credit card.  This rule went into effect on January 27, 2013.  Most large retailers have stated that they will NOT impose a “surcharge” on their customers [...]

By |2013-04-04T16:29:00-04:00March 28th, 2013|Education, General|Comments Off on Credit Card Surcharging Overview & Updates

$7.3 Billion Settlement – Short-Term Win for Merchants

Visa and MasterCard have reached a settlement with merchant groups alleging antitrust violations in the setting of interchange fees for credit cards. The proposed $7.3 billion settlement provides one-time financial relief to merchants and allows them to apply a surcharge for credit card transactions. This article analyzes merchant impact from this settlement.

By |2017-04-19T13:12:18-04:00July 17th, 2012|Analysis, Education, General, Published Articles|0 Comments

Strategies for Managing the Cost of Processing Small Ticket Payments

Published in AFP Payments Newsletter July 2012 The cost of processing low value debit card sales (transactions less than $15.00) has dramatically increased for merchants since the implementation of the Durbin amendment on October 1, 2011. While this new regulation caps the debit interchange fees for regulated transactions and has saved billions of dollars for [...]

By |2013-02-26T16:57:31-04:00July 1st, 2012|Articles|Comments Off on Strategies for Managing the Cost of Processing Small Ticket Payments

Optimized Payments Introduces Free Online Calculator to Help Merchants Estimate Their Monthly FAN Fee

Visa's Fixed Acquirer Network Fee (FANF) will be passed on to merchants beginning April 1st. The calculation of this fee is extremely complex and large merchants with many locations, multiple MCCs and mix of card present and card not present sales are having a difficult time calculating the impact of this fee to their organization. [...]

By |2017-04-19T13:12:18-04:00April 10th, 2012|Press Releases|Comments Off on Optimized Payments Introduces Free Online Calculator to Help Merchants Estimate Their Monthly FAN Fee

Visa’s Fixed Acquirer Network Fee & Calculator

Most merchants in the U.S. are about to repay some of the savings they realized from the Durbin amendment that became effective October 2011. Starting April 2012, Visa and MasterCard are implementing new fees and increasing some interchange rates that will cost most merchants from a few dollars to a few hundred thousand dollars per [...]

By |2017-04-19T13:12:18-04:00April 6th, 2012|Analysis, Education, General|0 Comments

Visa Outage & Global Payments Breach

Visa had a “brief” authorization network outage on Sunday lasting for about 45 minutes as reported CNET. This is the longest outage in memory, perhaps, in Visa’s history given their redundancy systems are over seven layers deep. Although unprecedented and surprising, it will have nominal long term impact, unless we experience further outages. […]

By |2017-04-19T13:12:18-04:00April 3rd, 2012|General|0 Comments