Insights

Debit Routing Explained

Did you know that just because you have a debit routing tool in place with your processor, you’re likely still missing out on millions of dollars a year?

April Interchange Fee Changes – Impact Analysis (CMSPI Insights Report)

In early 2020, it was announced that both Visa and Mastercard would be making significant changes to the structure of their interchange fees for the first time in a decade. The new rates were originally scheduled to enter into force from either April or October 2020, but most changes were pushed back to April 2021 in response to the COVID-19 pandemic.

So it Begins… Brexit Hits Merchant Fees in 2021

Mastercard has announced that the interchange fees charged to EU merchants for ‘card not present’ UK consumers could increase fivefold in 2021.

2021 Card Fee Changes: Impact Assessment – CMSPI Insights

In CMSPI’s Impact Assessment Report, we analyse the latest set of changes to scheme and interchange fees for European merchants. Our findings suggest that these changes will cost European businesses over €100 million annually.

Report Says U.S. Hasn’t Kept Up on Bringing Credit and Debit Card Fees Under Control

ATLANTA, December 10, 2020 Nearly a decade after federal regulators forced U.S. banks to lower fees charged to process debit card transactions, much of the savings has been eroded and the United States has not kept up with other countries' work to bring rising debit and credit card fees under control, according to a report released today by global payments consulting firm CMSPI.

New Year, New Fees: What Mastercard’s January 2021 Fee Increases Mean for Merchants

Mastercard has announced yet another round of increases to its scheme fees for over 40 European countries in 2021. Due to come into force on the 1st January, CMSPI estimates that the changes will cost European merchants almost €100 million annually at a time when the Covid crisis has meant that many are fighting to survive.

CMSPI Launches The Global Interchange Report

Interchange fees are a significant burden for merchants and consumers. As a result, global authorities have adopted regulation aimed at reducing the cost of interchange.

Seven Reasons an Invoice Audit Could Save You Millions

As the global payments landscape continues to change, the fees that merchants pay to processors, networks and banks become ever-more perplexing. So, how can merchants ensure that they get the best service rates and protect themselves from significant card processing fees? Invoice audits are an option but… are they worth it?

A Broken Payments Market: Why the Shift to Online is Costing Merchants Billions

One of the key trends to emerge as a result of the COVID-19 pandemic is the movement in spend away from in-store, towards online.

Contactless Payments: Friend or Foe for Merchants?

Throughout the pandemic, contactless transactions have soared – somewhat inevitably – as people across the globe seek to physical minimise contact.

A Broken Payments Market: Why the Shift to Online is Costing Merchants Billions

One of the key trends to emerge as a result of the COVID-19 pandemic is the movement in spend away from in-store, towards online.

Grocery Challenges and Pitfalls: The Importance of Keeping Your Payments Strategy Fresh

The last few months have been challenging for the grocery industry, with unexpected surges in volumes and fundamental changes to spending habits.