Blog

Fiserv Increases PINless Transaction Limit

Fiserv has announced that the value limit on PINless debit transactions for its STAR and Accel networks will increase from $50 to $100, as a result of the COVID-19 pandemic.

Visa Announces Delay to Interchange Fee Changes

Visa has announced that its upcoming U.S. credit card interchange fee changes will be delayed until April 2021 for every industry except grocery.

How Do the Latest Set of U.S. Interchange Changes Affect Merchants?

The global networks have announced all credit card interchange fee changes for merchants will be pushed back from April to mid-July, citing the COVID-19 pandemic.

Scheme Fees: Why German Merchants Are Seeing the Cost of Cards Soar

European merchants are continuously being impacted by rocketing scheme fees, which have been significantly increasing costs since 2016. For many, it has become an inevitability of processing card payments. With numerous methods of accepting payments available in the German market, and with Visa and Mastercard being just one small component of the region’s complex payments landscape, it is perhaps surprising merchants in Germany are – in many ways – bearing the brunt of these soaring costs.

CMSPI Wins Foodbuy’s Partner Of The Year

CMSPI is proud to have been awarded Foodbuy’s Services, Equipment & Supplies Partner of the Year at the Foodbuy Supplier Conference 2020.

False Declines Cost U.S. Merchants Billions Over Holidays

As consumers recuperate from an indulgent holiday period, in which $142.5bn was spent online, ecommerce merchants must take the time to examine the period’s lost sales.

Fighting the Fees: Time for Merchants to Step in the Ring and Fight Scheme Fees

Rising scheme fees are nothing new. European merchants have been plagued by these continually increasing costs for years – and, for many, they have become a frustrating yet inevitable part of processing payments in the 21st century. But does it really have to be that way?

Black Friday & Cyber Monday: The True Cost Of False Declines This Thanksgiving

As another stressful Black Friday and Cyber Monday season finally comes to a close, retailers across the nation heave a collective sigh of relief. U.S. consumers spent a combined $16.8 billion online this year – a 19.6% increase from 2018 figures. An event that many online merchants spend months preparing for has been and gone almost as quickly as the leftover turkey: but are merchants taking the time to thoroughly scrutinize the period’s lost sales?

5 Reasons Why Your ‘Dynamic’ Debit Routing Isn’t Optimal

So, your processor tells you that you’re getting the maximum financial benefits from debit routing. But how do you know they’re telling the truth?

Assessing the Impact of PSD2’s Strong Customer Authentication

In addition to increasing competition within the payments industry, PSD2 also aims to enhance the protection of end consumers. In order to achieve this, PSD2 incorporates Strong Customer Authentication (SCA): which is intended to ensure that authentication keeps up with the fast-paced technological changes in the payments industry.

Brexit Postponement Gives Merchants Slight Boost, but Prolongs Uncertainty

Brexit, which had been scheduled for Friday, 29th March, has been postponed to give the UK more time to either approve the Prime Minister’s deal or decide its next steps. For UK and EU merchants, this has important implications for potential cost increases from a reclassification of card scheme regions.

Q&A Series: Strong Customer Authentication

Strong Customer Authentication (SCA) is gradually becoming the next big talking point among merchants, particularly those operating online. Rightfully so, as merchants could face huge losses in revenue – up to 25% – after September 14th if they and their suppliers are not prepared.