CardRates.com’s Post

This is deductions-from-face-value on mainstream domestic transaction, not corss-border, not niche... An equivalent rip-off has been occurring in the UK for years, despite the Interchange Fee Regulation. The Payment Systems Regulator - with its PSR Panel and its Digital Payments Initiative - has failed in its role of 'competent authority' for policing the regulation and allowed the digital payment industry to get away with bue murder, to the detriment of everyone else. https://lnkd.in/dmdwWptS

"America’s Credit Unions called for the Fed to withdraw the proposal because: Reducing the fee cap and by extension debit interchange revenue will harm credit unions and members while granting a windfall to merchants; The Electronic Fund Transfer Act (EFTA) requires the Federal Reserve to consider the impact of its regulations on consumers, and research shows that consumers were harmed when the debit interchange fee cap was introduced as costs were passed on by issuers; The Fed has not adequately considered the impact of its proposal on exempt issuers, as its own data—along with research examining the initial effects of the 2011 fee cap—shows smaller, exempt issuers were harmed; The transaction-weighted methodology is flawed and results in cost recovery assumptions that skew toward the cost experience of the largest issuers, while disregarding the costs of smaller, lower volume issuers; and The Board’s proposal arbitrarily excludes certain categories of specific debit transaction costs, resulting in an underestimate of the total cost of running debit card programs." https://lnkd.in/gKiYeaxq

https://bit.ly/4dTLUdj When implementing dual pricing for credit card processing, it’s crucial to ensure compliance with legal and regulatory standards to avoid fines, penalties, or issues with payment processors. Below are the key compliance issues and considerations you should be aware of when setting up dual pricing:

https://bit.ly/4dTLUdj When implementing dual pricing for credit card processing, it’s crucial to ensure compliance with legal and regulatory standards to avoid fines, penalties, or issues with payment processors. Below are the key compliance issues and considerations you should be aware of when setting up dual pricing:

https://bit.ly/4dTLUdj When implementing dual pricing for credit card processing, it’s crucial to ensure compliance with legal and regulatory standards to avoid fines, penalties, or issues with payment processors. Below are the key compliance issues and considerations you should be aware of when setting up dual pricing:

The Office of the Comptroller of the Currency (OCC) is challenging Illinois' new law that aims to regulate credit card interchange fees. They argue that the law could disrupt national banks' operations, but the state believes it could provide much-needed relief for businesses facing high transaction fees. As a business owner or payment industry professional, this could have major implications for your bottom line. Do you think Illinois is on the right track, or should interchange fees remain a federal issue? Check out the full story here https://lnkd.in/gyHghUce and let us know your thoughts! #PaymentProcessing #InterchangeFees #MerchantServices #SmallBusiness #GoBIG

https://bit.ly/4dTLUdj When implementing dual pricing for credit card processing, it’s crucial to ensure compliance with legal and regulatory standards to avoid fines, penalties, or issues with payment processors. Below are the key compliance issues and considerations you should be aware of when setting up dual pricing:

Misperceptions about card payment costs have led to unnecessary regulations that could harm competition and increase fraud. The truth? Credit and debit cards add $190B annually to the U.S. economy. Instead of fee caps, we need transparency and data-driven decisions to keep innovation and competition thriving. #Payments #EconomicGrowth #Mastercard #Innovation #Fintech #Regulation

On tomorrow’s Payments Townhall (12pm ET), we’ll be talking about the changes to regulated Debit Interchange – we’ll be discussing the 5 questions below:   💡 How has Debit Interchange (regulated & exempt) changed in the period since regulation? 💡 How have the criteria that impact Interchange costs changed? 💡 How have the economics of the market changed since regulation? 💡 How does a decrease in regulated Debit Interchange impact your business in real-terms? 💡 How does a decrease in the regulated Debit interchange impact your cost optimization strategies?   If you’re not familiar with CMSPI’s payments townhall – it’s a highly popular monthly session designed to talk about the challenges and opportunities for merchants in the payments ecosystem. We’ve recently dived into the data on PINless Routing, Card Network Fee increases, and much more. If you’re a merchant looking to onboard expert content, ask questions, and speak with other likeminded retailers, you can register here: https://lnkd.in/em9Kuexm CMSPI #payments

Effective July 1, 2025, Illinois’ Interchange Fee Prohibition Act would prohibit interchange fees on tax and gratuity amounts in electronic payments. In a new client alert, AGG Payment Systems & Fintech co-chair Theresa Kananen discusses the bill, the legal challenges it faces, and its impact on the way interchange is calculated in the state and, more fundamentally, how the payments ecosystem processes payment-card transactions.   Learn more about the implications of this bill: https://lnkd.in/e7iMQNiC