Visa Updates its Rules on Subscription Plans
In an effort to ensure transparency and communication between businesses and customers, Visa is updating its card brand rules for payments associated with subscription plans that include free trials or introductory offers.
What is an Issuing Bank?
So, what exactly are issuing banks? An issuing bank is a bank that provides – or “issues” – the debit and credit cards to your customers, who are also known as cardholders.
Card Brands Now Require CVV Security Code
To help combat the occurrence of fraud, Visa now requires the CVV to obtain transaction authorization for all manually keyed in transactions.
How Credit Card Processing Works
Credit Cards are an extremely popular form of payment. They are used every day to pay bills, purchase items online and in stores, and to pay for all types of services.
Visa and Mastercard Interchange Modifications for Spring 2018
Visa, Mastercard and Discover Card are making changes to the Canadian Interchange rates for Spring 2018.
Mastercard 2016 Card-Brand Fee Changes
The Canadian Interchange rates are not being impacted in April 2016.
Canadian Merchants Can Now Accept JCB
As a Canadian merchant who accepts American Express, you can now accept JCB (Japan Credit Bureau) payments.
Mastercard USA Annual Per-Location Fee Starting December 2016
Mastercard has recently announced a new annual fee which will be billed on a per-location basis for all US merchant locations accepting the card-brand.
What is American Express OptBlue?
American Express Opt-Blue is a program for merchants that provides three advantages: Amex acceptance, combine bank deposits, cost+ pricing for American Express.
Visa and Mastercard Have Officially Lowered the Canadian Interchange Rates
Visa and Mastercard announced that they would be voluntarily lowering the interchange rates for a duration of 5 years.
New Visa Online Convenience Fee Program in Canada
Visa Canada has just announced a new Service Fee Program that allows Canadian merchants of certain industries to charge a "Service Fee" to their customers.