Author Archives: creditcardprocessing.net
Lawmakers In 11 States Introduce Legislation To Ban Passing Credit Card Surcharges Onto Consumers
As of January 27th, 2013, Visa and Mastercard are allowing businesses to pass credit card surcharge fees onto customers, breaking a rule both companies have strictly enforced for decades. The change came amidst the $7.25 billion settlement Visa, Mastercard and … Continue reading
Merchants Will Soon Be Able To Pass Surcharges Onto Customers Using Visa Credit Cards
Beginning January 27th, 2013, merchants will be allowed pass surcharges onto customers utilizing a Visa credit card in states that haven’t explicitly made the practice illegal. The change of terms comes in the wake of the $7.25 billion settlement that … Continue reading
Credit Cards Are Getting Makeovers As Mobile Payments Loom On The Horizon
A new poll conducted by market researching firm Harris Interactive has found that American consumers are anticipating mobile payments will replace both plastic cards, and eventually cash. Two thirds of respondents (66 percent) believe that mobile phone payments will become … Continue reading
Barnes and Noble Announces PIN Pads in 63 Stores Have Been Compromised
The nation’s largest brick and mortar book store, Barnes and Noble, has announced that pin pads on credit card terminals in 63 of its stores have been hacked to steal customer information. The number of breached accounts is currently unknown, … Continue reading
