In an ever-changing landscape, keep ahead of the curve with insights and industry news from Optimized Payments.
Last week, the Government Accountability Office (GAO) released its report on interchange as required by the CARD Act that was enacted earlier this year. Read the full report here. Some merchant groups like the National Association of Convenience Stores (NACS)...
Here’s a good article from the New York Times titled, “Card Fees Pit Retailers Against Banks”. The article was published two days ago and it summarizes the latest efforts by retailers to lobby for interchange reform.
Pricing in the credit card processing industry is very complex and most merchant statements do not make it any easier to understand. There are so many technical and industry laden terms (Interchange, qualification tiers, downgrades, batch fee, ACH fee, authorization...
Most businesses know the name of their credit card processor or merchant services provider based on the name listed on their monthly merchant statement. What most businesses do not realize is that majority of the companies selling merchant services are resellers,...
Wholesale clubs like BJ's, Costco and Sam's provide fantastic value when you want to buy in bulk, but how competitive are they when you are looking to buy merchant services for your business? Payment processing, specifically credit card processing, is one of the most...
The use of ATM or PIN-based debit cards in the U.S. has been rising faster than signature debit cards and credit cards over the past decade. Merchant sales volume for PIN transactions has been growing 21% annually since 2000, slightly ahead of signature debit and...