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

Visa FANF Changes in April & July 2015

Visa introduced number of changes to its Fixed Acquirer Network Fee (FANF) structure last year that will become effective on April 1, 2015 and July 15, 2015.  The changes impact payment aggregators like PayPal and Square, small merchants with less than $1,250 in monthly Visa sales volume and select merchants operating unattended terminals/kiosks. Read the changes [...]

By |2017-04-19T13:12:17-04:00April 22nd, 2015|Education|0 Comments

Costco’s Near Zero Interchange with Visa and Citigroup

Fascinating (at least for payment geeks) article in Bloomberg about Costco’s new partnership with Visa and Citibank.  Costco is set to issue new Citibank Visa credit cards next year when its partnership expires with AmEx in March 2016.  This article notes that AmEx is paying 0.60% in interchange fees to AmEx but the new deal [...]

By |2017-04-19T13:12:17-04:00April 22nd, 2015|Education|0 Comments