What Can You Count On? Bank and Payment Card Fees
Amid the chaos of COVID-19, layoffs, furloughs and businesses closing, there are still things businesses cannot avoid, like payment card brand fees, and the need to manage both the current fees and the constant changes put out by the card brands.
Fall 2019 Card Brand Changes
Get up to speed on the fall 2019 card brand updates and how they may affect your business
Visa and Mastercard to Lower Interregional Interchange Fees October 19, 2019
Following pressure from the European Commission, Visa and Mastercard pledged last year to cut their European interregional multilateral interchange fees by at least 40%. The two international networks will honor their commitment on October 19, 2019, according to banking sources.
The Payment Card Settlement Lacks Long-term Relief
If history tells us anything about the card network and card issuing bank interchange system, it is this: the proposed terms of the settlement will not provide greater transparency or reductions in interchange fees moving forward. Merchants will continue to face complexity, obscurity and substantial costs in the long term, writes Chelsey Kukuk, payment card expert at Redbridge.
For a Successful Journey Into the Future of Payments
Redbridge is delighted to announce the acquisition of substantially all the assets of Vizant, a U.S.-based advisory firm specializing in payment cards. The transaction creates a leading global advisor in the fast-growing payment card landscape, uniquely equipped to support merchants and companies in their journey towards digital transformation. Watch our short clip to find out more.
The Complex World of Payment Card Surcharging
With the recent lifting of the ban on merchant surcharging, the U.S. payments industry has not seen widespread adoption. However, as fees continue to climb, card-not-present volumes increase, and there are fewer options to lower fees, merchants are finding themselves backed into a corner.