Vantage Viewpoint

No clear winner in the GAO Interchange report

  • November 21, 2009
As we posted back in May, 2009, GAO to Investigate Merchant Interchange Fees, The United States Government Accountability Office (GAO) released its report titled: Credit Cards, Rising Interchange …

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Interchange Analysis by the GAO

  • November 21, 2009
Visa and MasterCard Interchange rate schedules have become increasing more complex, as hundreds of different Interchange fee rate categories for accepting credit cards now exist.

In 1991, Visa and …

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GAO Interchange Study Option 1: Limiting or Capping Interchange Fees

  • November 21, 2009
Setting or limiting Interchange fees would need to address who would regulate, at what level to cap rates and which payment types would be included in the regulation to name just a few. Beyond these …

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GAO Interchange Study Option 2: Requiring the Disclosure of Interchange Fees

  • November 21, 2009
Requiring Interchange fees to be disclosure to consumers would provide information about payment costs in an effort to influence consumer choice. However, information alone is not likely to have the …

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GAO Interchange Study Option 3: Loosening Restrictions on Merchants for Card Acceptance

  • November 21, 2009
Prohibiting card networks from imposing rules on merchants, such as those that limit merchants’ ability to discriminate among different types of cards or levy a surcharge for credit cards is …

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GAO Interchange Study Option 4: Allowing Merchants and Issuers to Directly Negotiate Interchange Fees

  • November 21, 2009
This option involves granting antitrust waivers to allow merchants and issuers to negotiate Interchange rates. Collective bargaining by commercial groups, such as groups of merchants or businesses, …

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POS PIN Entry Device Vulnerabilities

  • November 18, 2009
Compromised point-of-sale (POS) PIN-entry devices (PEDs) equipped with tapping mechanisms designed to capture PIN and card data have recently been found in the U.S. marketplace. Visa has received an …

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Rare Praise for Credit Card Acceptance

  • November 17, 2009
I read the New York Times article New York’s Cabbies Like Credit Cards? Go Figure with interest as it told the story of  how New York’s cabbies originally resisted accepting card …

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Vantage launches new site dedicated to B2B payments

  • November 16, 2009
Vantage has launched a new web site at http://vantageb2b.com focused on addressing the specific payment needs of small and mid-sized (SMB) business-to-business (B2B) and business-to-government (B2G) …

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Hiding in the Price

  • November 06, 2009
As you know I follow the debate on the merchant fee called Interchange.  Interchange is the largest component of the discount rate paid by merchants when accepting a credit card payment.  …

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