Blog

Claims Filing Deadline May 31st Fast Approaching in Payment Card Interchange Settlement: Monetary Award of $5.54 to $6.24 Billion Available to Merchants

In December 2019, the Courts approved a monetary award in U.S. antitrust litigation between merchant Plaintiffs and Visa, Mastercard, and large U.S. bank Defendants. Merchants interested in claiming settlement payments must file claims no later than May 31, 2024. This settlement opportunity is distinct from the March 2024 proposed injunctive relief settlement.

Assessing the Proposed Visa and Mastercard Settlement in the Context of Recent Fee Increases

In March, a proposed settlement for U.S. merchants accepting Visa and Mastercard card transactions was released, representing a major milestone in a nearly two-decade class action lawsuit. The proposed settlement would require the networks to introduce 4 and 7 basis point decreases to published and average domestic credit interchange fees, respectively, but how do these decreases compare to recent fee increases for U.S. retailers?

Ecommerce Battlegrounds: Fortifying Your Online Revenue Against Fraudulent Refunds and Chargebacks

In an era where digital transactions form the backbone of global commerce, protecting online revenues against online fraud is more important than ever. In 2021 card-not-present merchant fraud losses in the U.S. amounted to $0.018 per transaction.¹

Cutting Costs, Not Corners: The 2024 Guide to Least Cost Routing for Aussies

In today’s economy, Australian businesses are keenly aware that every dollar counts, and efficiency is king. In payments, the spotlight is shining bright on least cost routing (LCR) as a mechanism for businesses to lower payments costs without compromising on customer experience. With LCR expanding to both online and mobile wallet transactions this year, what should be top of merchants’ minds?

4 Essential Steps for a Winning Tokenization Strategy

Maybe your processor has approached you with their latest token solution, or your finance team has heard about the potential interchange fee discounts?¹ Perhaps you’re even re-vamping your card processing setup and your old strategy doesn’t work anymore. Whatever the reason, tokenization is on the brain, and there are four things you should consider before making a change.

Payments in 2024: The Outlook from Industry Experts

In its December 2023 Townhall,¹ CMSPI asked industry experts Holly Tjaden, U.S. Payments Manager for McDonald’s, and Lorin Young, Global Payments Manager at Columbia Sportswear, to unpack the challenges and triumphs of the last year in payments. But what’s next? From Artificial Intelligence to the familiar ‘soft landing’, here’s what payments managers are looking out for in 2024.

A Land of Innovation, but How Competitive is the Payments Industry? Part 2

Why are card fees so high (and ever-growing) and payment companies so profitable? And what are the options for merchants? In this blog, we will analyze market dynamics in the credit card payment industry and outline three options for merchants looking to tackle the problem.

Late to the Game or First to the Party? How Omnichannel Retailers Can Compete on Payments this Season

Merchants are gearing up for another strong year of e-commerce sales growth in the final shopping days of the 2023 holiday season – signaling a potential turning point for traditional brick and mortar merchants.

UK Payments Regulator Proposes Reduction in Cross-Border Card Fees

The UK Payment Systems Regulator (PSR) has proposed to reintroduce a cap on cross-border interchange fees levied on transactions between the UK and the EU, following an investigation launched in June 2022.

Making Data Deliver – A Deep Dive on BIN Data for Debit Routing Optimization

BIN-level analysis is one of the keys to developing actionable data-driven insights that can be used to reduce costs, drive competition, and optimize routing strategy. Read here how CMSPI approaches some of its optimization strategies with BIN-level analysis across a variety of use cases.

CMSPI Launches Insights Advisory Council with Merchant Payments Leaders

The Insights Advisory Council will provide direction to the CMSPI team on strategic industry reports, research prioritization, and prospective partner content.

Managing Payments in 2023: Three of the Biggest Trends Affecting Grocery Merchants

With recent network fee increases and volume growth in costlier payment channels, it is more important than ever for grocers to find ways to optimize their costs of payments acceptance. Here, we review which three payments trends are impacting cost performance at America’s grocers most – and how they can adapt.