Anand Goel added as a Payments Advisor for Proformative

Unleashing the Power of Interchange Optimization: Maximizing Cost Savings in Payment Processing

For businesses that accept card payments, interchange fees are a significant component of the overall cost structure. Interchange optimization has emerged as the most critical strategic approach to minimize these fees and unlock substantial cost savings. In this...

Breaking: The Fed Released Proposed Rule Change to Lower Debit Fee Cap

Announcements, Card Fees

It appears that Thanksgiving has arrived early this year.  On October 25th, the Fed proposed to carve the regulated interchange fee cap of 0.05% + $0.22 (including $0.01 allowed for fraud) by 28%. The regulated interchange fee cap was established in 2010 as part of...

Decoding the Secrets of BIN Tables

Analysis, Card Brand Updates

In the ever-changing world of payments, efficiency, accuracy, optimization and security are paramount. As businesses strive to enhance their payment processes, leveraging strategies, technologies, and tools that optimize their payments landscape becomes crucial. One...

PINless Debit: Regulation II Clarification July 1st Enforcement Date & the Dependencies Needed for Maximum Savings

Card Brand Updates, Debit Card

Author: Alan Vickness Merchants are waiting on “PINs” and needles, counting down the days until they can take advantage of the Federal Reserve’s Regulation II debit rule clarification July 1st deadline. This ruling was passed last October 2022 and has already...

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