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Australian Interchange Changes 2022: A Win or a Loss for Australian Merchants?

In 2022, Australian retail card fees are changing again in compliance with the RBA’s new interchange regulation.

The Reserve Bank of India: A Focus on Fintech and Payments

The announcement of a new department comes soon after a string of impactful regulatory announcements by the RBI on the Indian payments market.

UK and EEA Merchants Brace Themselves for a Potential Five-fold Increase in Card Fees

Merchants in the European Economic Area (EEA) and the United Kingdom (UK) are bracing themselves for a sharp increase in the cost of accepting cross-border transactions

Retailers to Miss Out on $700m in Holiday Sales Due to Digital Payment Channels Inefficiencies

Despite economic recovery in the retail sector in 2021, with the National Retail Federation (NRF) forecasting sales up between 10.5% and 13.5% over 2020, merchants are estimated to miss out in almost $700 million in rejected sales on Black Friday and Cyber Monday, reports CMSPI, the global leader in retail payments advisory.

Tackling Card Costs in Australia: A Guide to Merchant Fees

Between newly announced regulation, ever-changing scheme fees, and an intricate system of strategic rates, card payments are a maze for Australian merchants today.

Single Acquiring vs. Multi-Acquiring: 5 Key Considerations

For merchants with a presence in multiple markets, the decision to consolidate their payments supply chain can be an intuitive one.

What Does Online Debit Routing Look Like?

As a result of the Durbin amendment's "no-network exclusivity" clause, merchants can route PIN debit transactions to the least cost network. In the online market, PINless technologies allow for merchants accepting online transactions to route to the least cost network, resulting in lower costs and increased competition between card networks in the online environment.

Breaking News: Fed Says Routing Provisions Apply to Card Not Present

Today, the Federal Reserve (The Fed) has made an announcement in regards to "Regulation II" - which enforces the Durbin Amendment - and states that; "debit card issuers should enable, and allow merchants to choose from, at least two unaffiliated networks for card-not-present debit card transactions, such as online purchases."

The RBA’s Review of Payments Regulation: 5 Considerations for Australian Merchants

The Australian payments market is one in a state of flux. In recent years, the country’s retailers have found themselves caught between complex fees, potentially game-changing mergers

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.

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.

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?