Payments Source

JUNE 17, 2019

Payments Canada is proposing to allow delayed transaction authorization to enable debit cards to be used in open-loop transit — and the change could affect far more than commuters.

Debit Card 92

Debit Card Rules Authorization Transactions 92

EBizCharge

MAY 5, 2025

Each time a customer uses a card to make a purchase, the business must pay a small fee to its payment processor. These fees are essential for covering the costs of handling, authorizing, and securing card transactions. Non-compliance can result in legal implications fines, and damage reputation.

Credit Cards 52

Credit Cards Small Business Process ACH 52

Stax

SEPTEMBER 26, 2024

That said, you can’t just decide and impose credit card surcharges overnight. It requires stringent adherence to regulatory guidelines and card network rules, from surcharge caps to disclosure requirements. They also owe assessment fees to card networks for making use of their infrastructure.

Credit Cards 88

Credit Cards Caps Best Practices Laws 88

Stax

JANUARY 15, 2024

Subscribe to regulatory updates or newsletters from relevant federal authorities, such as the PCI Security Standards Council (​​more on this later)​​. State-specific laws and restrictions Each state has an independent authority to regulate surcharging within its borders. You’re all set!

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Payment Savvy

JULY 3, 2024

Different Types of Debit Card Transactions There are two main types of debit card transactions: signature debit and PIN debit. Signature debit transactions occur when a customer signs to authorize the payment. As the merchant, the fees you pay come from the network.

Debit Card 52

Debit Card Process Debit Transaction Processors 52

EBizCharge

JUNE 28, 2024

It’s imperative for merchants to calculate these fees accurately and ensure that any surcharge reflects the true cost of processing to remain compliant with card network rules and avoid the appearance of price inflation. Consequently, merchants cannot profit from these fees; their purpose is solely to cover processing costs.

Credit Cards 52

Credit Cards Legal Debit Card Disputes 52

Clearly Payments

FEBRUARY 8, 2024

Payment Card Network Rules: Visa, Mastercard, and other credit card networks have their own sets of rules and standards governing the operation of their networks. These rules cover various aspects such as interchange fees, transaction routing, card acceptance requirements, and data security standards.

Regulations 105

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 105