Card present businesses that use mostly qualified rates will benefit, while online businesses will see up to 40pts increase in credit card processing cost. According to the latest announcements by card brands, VISA has simplified their rate structure, increasing non-qualified rates while decreasing some card present qualified rates.  Timed to the sweeping credit card rate […]

WorldLine, one of the largest European processors, will gain access to the North American Market in the third quarter of 2020 through the purchase of Ingenico in a $8.6 Billion Deal. WorldLine, the largest payment processor in Europe to acquire Ingenico in a $8.6 Billion Deal The acquisition is to be completed in the third […]

Visa to increase Card Not Present Fees by up to 5%, while reducing Swipe fees up to 33% for large retailers. VISA is increasing Card-Not-Present eCommerce Fees between 4% for premium cards to 4.7% for traditional VISA Cards (between 4c and 5c on a dollar), while dropping Swipe Fees by a similar amount to attract […]