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Armenia Advances Digital ID Scheme as Part of Open Data Vision

Open Banking Excellence

By having a collaborative, cross-agency approach to this process where everyone is striving towards a common goal, we are able to solve problems without having to change laws or regulationssomething that would be far more complicated if every single government agency or ministry had to do this independently.

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There’s a Push to Ban Junk Fees. Does It Affect Credit Card Surcharging?

Stax

Several new laws seek to ban “drip pricing” or “junk fees,” and their uncertain meaning has resulted in confusion among merchants and acquirers. What are drip pricing laws? This language is from California’s “Honest Pricing Law,” also known as SB 478 , which went into effect on July 1, 2024.

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Minimum Charge for Credit Card Purchase

Cardfellow

The minimum purchase amount must not exceed $10 (or other amount as set by law), does not apply to transactions made with debit cards, and cannot differentiate on the basis of the issuer or payment card network.” These days, the brands all acknowledge that minimums are permitted by law, but only on credit card transactions.

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Incorporating Processing Fees When Setting Prices

Cardfellow

This blog is full of articles on the fees that go into credit card processing, specifically interchange, assessments, and processor markup. If you’re considering surcharging, be sure to consult a local attorney to make sure you’re following any applicable laws. You can also read cash discounts vs. surcharges for more information.

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Should Your Business Go Cashless?

Cardfellow

9 states currently have laws prohibiting cashless businesses. If you’re considering going cashless, it’s worth consulting a business lawyer in your state to confirm compliance with the latest laws and regulations. appeared first on CardFellow Credit Card Processing Blog. Is it legal to refuse to accept cash?

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The FTC Junk Fees Rule and Your Business

Cardfellow

Other Rules and Laws Still Apply Even if you’re not selling tickets to events or offering lodging, there are still rules and laws that regulate disclosing fees to customers. While the FTC rule doesn’t apply to many businesses, state laws about cash discounting / surcharges and Visa and Mastercard’s rules do apply.

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ECB outlines plans for integrated regulatory reporting across Europe

Finextra

In this blog post we describe the European integrated reporting initiative and present some initial results. One focus of this group will be to give preliminary advice to the authorities on new, upcoming legislation, since definitions in draft legislation are easier to revise than definitions that are already firmly enshrined in law.