Blog

Five Takeaways from the Fed’s Latest Announcement on Regulation II

On Wednesday October 25th, the Federal Reserve Board of Governors affirmatively voted to release a proposal that would adjust all three portions of the debit card interchange cap.

The Complexity of Payments in Asia-Pacific: A Five-Step Guide for Payments Managers

We delve into the complexities of optimizing payments regionally, including the implementation of least cost routing strategies and navigating local regulation.

Damage to Durbin Amendment Reaches Tipping Point

New charges now mean more than half of regulation benefits have been eroded.

Merchant Payment Fraud Solutions Leader Justin Staskiewicz Joins CMSPI

CMSPI is pleased to announce Justin Staskiewicz as the new Head of Fraud Solutions.

What the Discover Misclassification Issue Tells Us About Merchant Payments Costs

On July 19, Discover announced that it had been incorrectly classifying certain credit card accounts for years, leading to higher costs for some merchants and acquirers.¹ The news saw Discover’s stock fall by 16%² and its CEO subsequently resign.

Understanding the Recent Changes to Merchant Fees in Australia

In this blog, we delve into the details of these changes, asking how merchants could be affected and what they need to do next.

Debit Is More Important Than Ever: Evidence from the Federal Reserve Payments Study

With more U.S. debit volume becoming routable on July 1, 2023 - when the Federal Reserve’s clarification on the applicability of debit routing rights comes into effect – and the launch of FedNow in July, now is a critical time for merchants to reassess their payment acceptance strategies.

Why Payments and Loyalty are Now Intertwined for Gas Merchants

It never used to be this complicated. Consumers would typically use the first gas station they found. If they found more than one, they’d go for the cheapest option.

CMSPI and FedNow: Q&A on the U.S.’s Newest Payment Rail

In July, the Federal Reserve will release from pilot the long-awaited FedNow service, the Fed’s faster payment infrastructure.

Navigating Least Cost Routing: Find Savings and Develop an Optimal Payments Strategy

As 2023 brings the introduction of online routing, followed by mobile wallet routing enablement in 2024, Least Cost Routing (LCR) is rapidly transforming the payments game for Australian merchants and the savings opportunity has grown to an estimated $840m AUD annually.  

Rising Rates and Regulation: The Latest in Payments for Subscription Merchants

This year, 75% of direct-to-consumer brands are expected to offer some form of subscription service.¹ It’s no surprise, either; higher retention rates², strengthened company valuations, and increased lifetime customer values³ continue to entice merchants despite the churn and recentering subscriptions saw in recent years.⁴

Attack on Debit – Interview with Liz Garner

We sat down with Liz Garner, Head of Strategic Partnerships at CMSPI, to find out what the attack on debit means for merchants and the payments industry.