If you received a notice of a class action lawsuit claiming you may be affected by a payment card settlement, you’re probably wondering if it’s legitimate. It is, but there are some important things to know.
By April 2018, purchasing by signature will be a thing of the past. Like dominoes falling one after another, the four major credit cards are letting go of the requirement for cardholders to provide a signature for purchases when using a chip-enabled card.
The way we pay for things is changing. The wide availability of credit cards, debit cards, contactless payments, and online shopping has transformed our payment options.
In summer 2017, Mastercard will begin issuing cards with a new bank identification number (BIN.) Where previously Mastercards started with the number 5, some cards will now begin with the number 2. Find out what this means and get details on how to make sure your business is ready to accept these new 2 series cards.
A flurry of reports in early February 2016 claimed that credit card company Visa owns nearly 10% of payment processing company
Visa, MasterCard and several of the nation’s largest banks settled an antitrust suit with a group of seven million retailers. The suit, which dates back to 2005, accuses the card networks and banks of conspiring to fix interchange fees that businesses pay to process credit and debit cards.
The Dodd-Frank Wall Street Reform and Consumer Protection Act, enacted in response to the late-2000s recession, contains the most comprehensive set of changes to financial regulation in the United States since the Great Depression.
Read the full article
We help you find the perfect credit card processor for your business
Use the secrets that credit card processors don't want you to know to drastically lower your credit card processing fees.