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But what does that mean, exactly? In this article, I’ll lay out the Justice Department’s claims and explain how it affects you and your business. Lawsuit Overview The Justice Department’s civil antitrust lawsuit alleges that Visa engaged in unlawful conduct regarding debit card networks. It claims that Visa holds a monopoly in debit card network …
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In fact, there are two areas where it can excel: debit routing and fraud prevention. In this article, we’ll look at the first one – how AI can help save your business money through debit card interchange optimization. Debit Routing Background In order to cover the possible benefits of AI for debit routing, it’s important …
AI for Debit Routing: Saving on Debit Transactions Read More »
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Let’s look at the pros and cons of PIN on glass and what you need to know if you’re considering using for PIN debit card acceptance at your business. What is PIN on glass? It’s basically what it sounds like – a way for customers to enter their PINs on a screen as opposed to …
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Let’s take a look at what you’ll need to do if you want to accept only one type of card. What is Visa Limited Acceptance? The Visa Limited Acceptance program allows businesses to choose to only accept certain types of Visa cards. As you can see from this excerpt from Visa’s Core Rules, a business …
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PIN debit and signature debit transactions have different fee structures. You may pay more for one or the other, depending on the amount of the transaction and other factors. It’s important to know when a customer will be prompted for a PIN. EMV Debit vs. PIN Debit First, let’s clear up some confusion about EMV …
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Unnecessarily high debit card transaction fees are an easily correctable source of significant losses for many businesses. Understanding debit card transaction fees and the difference between signature debit and pin debit transactions will save your business thousands in processing fees. Feel free to jump down to the Signature Debit Vs Pin Debit Cost section if …
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Effective April 13, 2012, Visa began charging a Transaction Integrity Fee (TIF) of $0.10 on transactions involving Visa debit and prepaid cards that do not meet CPS requirements (more on this later). The Transaction Integrity Fee will not apply to Visa credit card transactions. Transaction Integrity Fee The TIF will not affect a large number …
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How are businesses with small tickets an unexpected (or expected, depending on whom you ask) casualty of the Durbin Amendment? Let’s take a look. Interchange is Complicated The fees that businesses pay to process a credit or debit card transaction are called interchange fees. An interchange fee generally consists of a percentage and flat transaction …
