Tag: Visa


Credit Card Processing, News

All Four Major Credit Cards to Go Signature-Free

Brian Hassan
by Brian Hassan

The paradigm shift was been prompted by leaps in credit card security and fraud protection, along with consumer trends such as the rise of mobile payments technology (e.g., Apple Pay), and of course the now-ubiquitous chip card. What changed, and does it affect your business? Let’s take a look. What Changed Announcing the Changes Mastercard […]

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As of 2018, signatures are no longer required for credit card purchases. The four major credit cards let go of the requirement for cardholders to provide a signature for purchases when using a chip-enabled card.

Signature Free

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Credit Card Processing

Visa and the Contactless Transit Payments Market

Ben Dwyer
by Ben Dwyer

That’s why Visa’s new entry into the contactless transit payments marketplace is so exciting. We’ve all seen the queues at turnstiles and ticket windows. Systems like Oyster on the London Underground, Suica in Japan, and Calypso in Europe have revolutionized how people get around. These contactless micro payment cards simply debit a small amount from […]

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When it comes to public transportation and commuting, passengers are looking for one thing above all else — speed. As city populations grow, public transit is coming under pressure to move as many people through the system as quickly as possible.

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Credit Card Processing, News

Should Your Business Go Cashless?

Ben Dwyer
by Ben Dwyer

The use of cash as the de facto payment option is shrinking, and nearly 40% of Americans favor going completely cash-free. Then, in the summer of 2017, Visa stepped up a “war on cash” by offering businesses money to go cashless. If you run a business, it’s almost inevitable that much of your sales are […]

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The way we pay for things is changing. The wide availability of credit cards, debit cards, contactless payments, and online shopping has transformed our payment options.

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Credit Card Processing

Mastercard and Visa Limited Acceptance Programs

Ben Dwyer
by Ben Dwyer

Let’s take a look at what you’ll need to do if you want to accept only one type of card. What is Visa Limited Acceptance? Mastercard Acceptance Factors to Consider Cost Savings Customers’ Payment Preferences Competitors’ Card Acceptance Surcharging Rules Accepting Debit Cards Only Accepting Credit Cards Only Possible Drawbacks For Debit Only For Credit […]

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As a small business owner, you may wonder if you can accept only debit cards or only credit cards. The short answer is yes, but there are rules you’ll need to follow and considerations before making that decision.

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Credit Card Processing

Staged Digital Wallet Fees

Ben Dwyer
by Ben Dwyer

However, that is often no longer the case. In March of 2017, Visa announced a staged digital wallet fee that will take effect in April of 2017. This comes well after Mastercard imposed a similar fee in 2013. Visa’s fee can result in higher interchange costs for small businesses. Which wallets does this affect, and […]

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In the past, a business accepting a digital wallet payment was charged the same rates as they would be for accepting a physical credit card.

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Credit Card Processing, Security and PCI Compliance

Visa Cardholder Information Security Program

Ben Dwyer
by Ben Dwyer

In this article we’ll be exploring Visa cards, specifically the “Visa Cardholder Information Security Program (CISP)” which over time evolved into the current PCI DSS standards. If you’re not familiar with PCI DSS, be sure to check out our article on PCI compliance. Validate Your Compliance with PCI DSS with Visa Regulations and Assessments Payment […]

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As a business owner, it’s important to stay compliant when you’re accepting and processing credit card payments.

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Credit Card Processing, Legal

Home Depot Lawsuit Against Visa and Mastercard

Ben Dwyer
by Ben Dwyer

Wal-Mart filed a similar suit against Visa in May. The Security Problem According to Home Depot Credit Card Companies’ Reactions The Monetary Problem According to Home Depot No Option Are PINs the answer? Prayer for Relief Visa and MasterCard Respond The Security Problem According to Home Depot Home Depot accuses Visa and Mastercard of being […]

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It’s a case of a home improvement retail giant versus two network payment processing behemoths. In mid-June 2016, Home Depot filed an antitrust lawsuit in federal district court in Atlanta against Visa and Mastercard, alleging credit card security is inadequate and exposes retailers and customers to hacking.

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Credit Card Processing

Visa Purchasing Card Not Present

Ben Dwyer
by Ben Dwyer

The Commercial Purchasing Card – Card Not Present (or COMM CNP P) is an interchange category that is used to calculate the interchange fee for card-not-present transactions involving a payment made with a commercial purchasing card instead of a consumer credit card.

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Visa’s commercial card-not-present is an interchange category. It refers to payments made using a commercial purchasing card when the card is not swiped.

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