Clearly Payments

APRIL 25, 2024

The Durbin Amendment focuses on regulating debit card interchange fees and fostering competition within the payment processing industry. Here are its key provisions: Interchange Fee Cap: The amendment limits the fees that banks issuing debit cards can charge retailers for processing debit card transactions. per transaction.

Debit Card

Stax

DECEMBER 6, 2023

This additional fee is intended to cover the costs associated with processing credit card payments. Businesses that choose to add surcharges can either charge a fixed flat fee or a percentage of the transaction amount with a cap on the total. One exception is in Colorado where the cap is 2% or the cost of the merchant processing fee.

Consumer

The Payments Association

OCTOBER 4, 2024

Fintech startups, blockchain technology, and the rise of decentralised finance (DeFi) are proving to be worth challengers to traditional card-based payment systems. The rise of alternative payment methods like cryptocurrencies, mobile payments (e.g., High fees can erode the precious and often narrow profit margins.

Online and Mobile Banking

Stax

JANUARY 24, 2024

It is added at the point of sale and depends on the total amount of a transaction and the cap set by credit card companies. It is added at the point of sale and depends on the total amount of a transaction and the cap set by credit card companies. Hence you must follow the caps strictly.

Credit Cards

Stax

JANUARY 24, 2024

It is added at the point of sale and depends on the total amount of a transaction and the cap set by credit card companies. It is added at the point of sale and depends on the total amount of a transaction and the cap set by credit card companies. Hence you must follow the caps strictly.

Credit Cards

Evolve Payment

OCTOBER 27, 2023

Compliant Surcharging is unavailable in CT, MA, ME, and OK, with a fee cap set at 3%. Implementing Compliant Surcharging: What to Consider Limitations: The surcharge is exclusively for credit card transactions and is capped at 3%. It not only promotes alternative payment methods but also streamlines financial operations.

Credit Cards

Stax

FEBRUARY 28, 2024

This makes debit cards one of the alternative forms of payment your customers could select. Sure, it does mean you have to pay the debit card processing fees to your payment provider. However, debit card processing fees are capped, and the interchange rates are less than credit card processing rates.

Credit Cards

Clearly Payments

FEBRUARY 12, 2024

Startups attempt to compete with and even displace Visa and MasterCard: Companies have been attempting to displace Visa and Mastercard and disrupt the traditional payment landscape. Interventions such as countries putting caps on interchange fees and mandates for transparent pricing aim to foster competition and protect consumer interests.

Visa

The Fintech Times

MARCH 30, 2024

percentage points for a minimum of three years, and to cap them at the same level seen at the end of 2023 for five years – subject to approval by the US District Court for the Eastern District of New York. Interchange rates, set by the two payment giants, generally sit between two to four per cent of each transaction total.

Credit Cards

PYMNTS

MARCH 11, 2020

Contactless payments are a major convenience offered by credit cards, as consumers can skip entering PINs or passwords and instead make transactions in a fraction of the previously required time. Australia limits contactless payments to $100 AUD ($70.44), for example, while the United Kingdom enforces a £30 ($38.21) maximum.

Contactless Payments

Stax

APRIL 23, 2024

ACH payments are often a lower cost option Another reason why business owners often prefer the Automated Clearing House network over other options is how inexpensive the payment processing experience is. Most businesses only have to pay a 1% transaction cost , and the cost caps itself at $10. on average.

ACH

PYMNTS

OCTOBER 22, 2018

Kaiser noted UATP’s position as a neutral agnostic player that connects payment methods and brands to airlines across any market the latter chooses, adding that newer entrants like Amazon Pay are also likely to gain visibility.

Payments

PYMNTS

JANUARY 20, 2017

Bitcoin’s current estimated market cap is over $14.5 The amount of circulating cash in Sweden has fallen by some 40 percent since 2009, said eMarketer , due in large part to the rise of online shopping and alternative payment methods. At the time of writing, bitcoin was valued at $894.34 , up 1.14

Bitcoin

PYMNTS

JUNE 18, 2019

Similarly, some other cryptos of note, among them ethereum (the second largest cryptocurrency as measured by market cap, at $28.5 With the launch of Libra as a currency, the flag that crypto advocates now wave is one of awareness: As in, more people will be aware that cryptos exist as an alternate payment method.

Bitcoin

The Payments Association

FEBRUARY 17, 2025

High rolling reserves, volume caps, prolonged settlements, and excessive chargeback thresholds make scaling and market expansion difficult. For brokers, this means constant payment roadblocks, disrupted cash flow, and frustrated traders.

Fraud Prevention