The Durbin Amendment, included as part of the 2010 Dodd-Frank law, permits businesses to transfer all or a portion of their processing fees onto their customers. Thanks to the amendment, companies can now legally offer a discount to those who pay with cash or check instead of credit or debit card. There are only six states that currently prohibit surcharging- Colorado, Connecticut, Kansas, Maine, Massachusetts and Oklahoma.
MPC22 The Digital Commerce Event | PANEL: LEGAL DEVELOPMENTS IN CRYPTO PAYMENTS
The Consumer Financial Protection Bureau’s new Circular suggests that not having enough data security practices in place might violate the Consumer Financial Protection Act (CFPA).
In recent years, there has been a growing push for faster payments—and for good reason. In our fast-paced, digital world, customers expect to be able to receive their goods and services immediately. That's why real-time payments (RTP) have become increasingly popular. But what are RTPs, and how can they benefit merchants? Let's take a look. ... The Benefits of Real-Time Payments for Merchants
If you're a merchant, it's likely that you've had your fair share of issues with payment processors. From hidden fees to chargebacks, there are a lot of things that can go wrong when you're trying to get paid. In this article, we'll take a look at three of the most common complaints merchants have against ... 3 Common Complaints Merchants Have Against Payment Processors – And How to Resolve Them
If you are a merchant who accepts credit cards, it is important to be aware of the regulations set forth by the card brands. Violating these regulations can result in hefty fines, and in some cases, the loss of your ability to accept credit cards all together, including being blacklisted by Mastercard. In this blog ... Understanding Mastercard Merchant Rules
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