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How card network rules help MoviePass disrupt the theater industry

Payments Source

A situation brewing in movie theaters that hinges on card network rules could have broad implications for the entertainment industry.

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Mastercard fined in Europe over merchant fees

Payments Source

The European Commission has fined Mastercard 570 million Euros, or about $648 million, over card network rules that prevented merchants from shopping for better terms at other banks in the EU.

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What Is a Convenience Fee & Should You Charge It?

Payment Savvy

Complexity of Implementation: Ensuring compliance with various card network rules and state laws can be complicated. Legal Considerations for Convenience Fees Before implementing convenience fees , it’s crucial to understand the legal landscape and card network rules that govern these charges.

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Credit Card Surcharges: What Are They, and How Do They Work?

Stax

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. This is good news because it means you won’t have to inflate your base prices to cover payment processing fees.

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Credit Card Surcharge Guidance: A State-by-State Overview of Surcharging Laws

Stax

TL;DR A credit card surcharge program can be particularly beneficial for small businesses to offset the cost of accepting credit card payments. However, before implementing it, you must know all the state, federal, and card network rules surrounding it.

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Seamless Adds The Ability To Link Bank Accounts To SEQR

PYMNTS

This is set to grow further as, in line with card network rules, no terminals without contactless technology can be sold or installed in Europe after 2018. is one of Europe’s most advanced markets for contactless payments with approximately 500,000 terminals currently active.

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Understanding Payment Processing Compliance When Implementing Credit Card Surcharging

Stax

Let’s now proceed to the final compliance that requires your attention: the card networks you engage with. Navigating Card Network Rules Credit card brands and financial institutions enforce PCI DSS compliance. They have unique rules, validation criteria, and compliance expectations you must adhere to.