Visa USA has begun helping a number of merchants process their proprietary gift cards over VisaNet, the card association's switch that routes transactions between merchants and card issuers or their ...

The merchant card reporting program, in place since January of this year, may pose some problems that were unanticipated by Congress when it was passed as part of the Housing and Economic Recovery Act ...

U.S. payment firms Visa and Mastercard are nearing a settlement with merchants by lowering fees stores pay and giving them more power to reject certain credit cards, the Wall Street Journal reported ...

Some businesses may fall into specific industry categories or have high chargeback or refund rates. Unbeknownst to many of these companies, merchant account providers and credit card processors may ...

Many credit card issuers, including American Express, Bank of America, Chase and Citi®, provide cash-back offers that can be added to eligible credit cards. For instance, with Citi, these offers are ...

A proposed settlement would upend a long-standing credit card industry rule, giving merchants new power to reject high-fee rewards cards. For consumers, this could mean a real possibility of having ...

Merchant accounts are essential if you want to run a business that accepts debit and credit card payments. Not doing so can impede on your ability to attract customers and grow your business. Luckily, ...

This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Merchant groups attacked a settlement to end decades of ...

Merchant category codes, sometimes called MCC codes or merchant codes, classify merchants based on the products or services sold. Credit card issuers use these codes to determine how to categorize ...

Australia’s payment system has been the subject of a multi-pronged review with proposals for reform at various stages and across various aspects of Australia’s payments ecosystem. At the end of March ...