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Are Businesses in Store for More Interchange Increases?

I have discussed in previous posts new Interchange category rate changes that most business owners have most likely seen notifications about on their statements. Most of these notices say “Increase” and these increases are being passed on the merchant. Not all Interchange categories have experienced…

Will New Interchange Rates Affect Your Business?

Most merchants have likely seen a disclaimer on their monthly credit card processing statements about an upcoming increase in Interchange rates. The card associations (Visa and MasterCard) have announced some significant changes.  As you are probably aware there are hundreds of different Interchange categories. During…

How Rising Interchange Rates Can Affect Your Business

Interchange Rates There are many third-party processors out there that benefit when the Bank Card Associations, Visa and MasterCard, raise their rates. They look at this as an opportunity to make an additional profit from their merchants. Merchant services providers get to decide how they…

Is Your Online Payment Gateway Secure?

Security Breach? Back in 2005, many of us in the merchant services industry were in the thick of the CardSystems security breach. The Federal Trade commission claims “this is the largest known compromise to financial data to date”. Millions of dollars in fraudulent purchases were…