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In an ever-changing landscape, keep ahead of the curve with insights and industry news from Optimized Payments.
Latest Industry News
Don’t lose sight of the April 2021 Payment Brand updates!
Last month, I wrote about the recent and coming changes announced by the Payment Brands. April is six short months away and is when the remainder of the changes will go into effect. New interchange structures and fees aside, some of the Visa updates will force many...
FIVE BEST PRACTICES TO CONSIDER WHEN ACCEPTING CARDS IN AUSTRALIA
Accepting payments across the globe can be challenging, due to different payment methods, rates, network rules and regulations. Australia is no different. As your business looks to expand into Australia, or if you are managing payments for your Australian division of...
CROSS BORDER CHINESE PAYMENTS
Merchants domiciled outside of China can accept CUP cards through their acquirers. UnionPay International (UPI) offers interchange rates to acquirers based on country, MCC, card product, and sales channel (e.g. retail, ecom). Interchange rates range from 0.20% to...
Domestic Payments in China
U.S. companies expanding into China or companies who already have payment operations in China know that the payments landscape is familiar, yet quite different. China operates a four-party payment system (i.e. customer, merchant, acquirer and issuer) like the U.S.,...
Interac Debit is more than just a retail payment option
Since Interac hit the scene in 1984, they have been providing merchants with a PIN-secured, lower-cost option over traditional credit cards in the card-present space; but they are a whole lot more. Interac is the most popular payment method in Canada, accounting for...
Managing Costs in the COVID World
COVID seems to have changed everything about our everyday lives, including making a huge impact on card payments. We’d like to provide some insights into what we have seen in our data over the past 6 months of COVID: E-commerce Shift This one is easy. Most of us have...
