The Fifth Anniversary of Reward Card Interchange

  • January 21, 2010
Reward credit cards are used by card companies to compete with one another for the business of affluent consumers. Card issuers attempt to influence the purchase behaviors of cardholders with higher …

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Debit Network Fee Updates

  • January 11, 2010
NYCE and CU24 PIN debit networks have announced modifications to the current rates. 

Effective February 1, 2010 NYCE will implement the following changes:

The switch fee will be decreased …

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April 2010 Interchange Adjustments

  • January 11, 2010
MasterCard and Visa have announced New April 2010 Interchange adjustments. 

MasterCard

Currently, MasterCard's Assessment fee is 0.095%. MasterCard will increase the Assessment fee to 0.110%. …

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Debit cards highly valued

  • December 27, 2009
According to a new survey commissioned by Visa Inc., U.S. consumers whose primary payment method is their debit card would rather give up coffee, their MP3 player, their mobile phone, email, visiting …

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CPAs play a key role in helping small businesses implement payment best practices

  • December 15, 2009
Poor management of accounts receivables is the enemy of cash flow. For small businesses today, 30-day terms all too often extend to 60, 90 and 120 days before payment is made.

CPAs can help their …

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Salvation Army deploys card acceptance

  • December 15, 2009
The Salvation Army is accepting credit and debit cards for contributions this holiday season in more regions nationwide. News articles from around the country have reported on the card terminals at …

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U.S. Merchants receive $1.1 Billion Final Payment Early

  • December 08, 2009
The law firm Constantine Cannon LLP announced today that approximately $1.1 billion in payments will be mailed to approximately 634,000 merchants across the United States, the final large-scale …

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Unbanked Americans need Plastic

  • December 04, 2009
The number of “unbanked” Americans rose 1.3 million nationally last year, according to a survey released Wednesday by the Federal Deposit Insurance Corp.   Of the unbanked …

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Retailers likely to see lower Interchange costs this holiday season

  • December 02, 2009
Retailers are likely to see lower Interchange processing expenses this holiday season due to fewer consumers using credit cards and rewards cards.  According to a WSJ article, Fewer Shoppers …

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Internet gambling regulations implemented

  • December 02, 2009
The U.S. Department of the Treasury and the Board of Governors of the Federal Reserve System have issued regulations implementing the Unlawful Internet Gambling Enforcement Act requiring U.S. …

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