Next week, most merchants will get their first chance to see if they saved money on their card processing fees due to the Fed’s mandated lower debit rates that took effect October 1st.
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Vantagepoint submitted the following stories to BizSugar
Durbin’s Debit a Trick or Treat for Small Merchants
Posted by vantagepoint under NewsFrom http://blog.vantagecard.com 4776 days ago
Will the banking industry apply a little Steve Jobs creativity?
Posted by vantagepoint under FinanceFrom http://blog.vantagecard.com 4792 days ago
Steve Jobs was a master at consumer-driven markets and a great innovator who turned iTunes into a successful micro-payment platform. In response to Durbin, will banks take a more creative approach beyond the tired and tried debit card usage fees?
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How merchants can take advantage of lower Fed regulated debit Interchange rates
Posted by vantagepoint under FinanceFrom http://blog.vantagecard.com 4796 days ago
Read why the best way for merchants to realize the benefits of the Durbin legislation is to have an Interchange pass through pricing plan.
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Visa ends Credit Voucher Interchange for debit transactions
Posted by vantagepoint under FinanceFrom http://blog.vantagecard.com 4801 days ago
Visa has made modifications to its Credit Voucher Interchange fee program to coincide with other operational changes to comply with the new debit regulatory requirements ushered in by the Federal Reserve such as capping regulated debit card Interchange rates.
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More signs of unintended consequences from government debit Interchange intervention
Posted by vantagepoint under NewsFrom http://blog.vantagecard.com 4805 days ago
As a result of new government regulations impacting debit cards starting October 1, merchants accepting small ticket debit transactions are likely to experience higher rates
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MerchantRates.com now quoting new Fed regulated debit Interchange rates
Posted by vantagepoint under FinanceFrom http://blog.vantagecard.com 4811 days ago
Get an instant Merchant Rate quote based on the new October 2011 Interchange schedules and get a first look at the Fed's new regulated debit rates as mandated by legislation often referred to as the Durbin Amendment.
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Lower Invoice Processing Costs Through Automated Workflows
Posted by vantagepoint under TechnologyFrom http://blog.vantagecard.com 4847 days ago
Automating the invoice approval process is the next logical next step for companies that are already reaping the benefits of front-end electronic invoice systems.
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A Wake Up Call for Small Business Security Concerns
Posted by vantagepoint under TechnologyFrom http://blog.vantagecard.com 4849 days ago
Small business owners are a new favorite target for hackers hoping to take advantage of weak security in small business environments. This excerpt from a recent article in the Wall Street Journal article Hackers Shift Attacks to Small Firms sums up the new reality.
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Visa to charge new location fee
Posted by vantagepoint under FinanceFrom http://blog.vantagecard.com 4867 days ago
Visa introduces a new pricing model, but provides only limited details. As reported in the International Business Times, Visa will be implementing a new fee called a “Network Participation Fee” that will apparently be a fixed site fee billed according to number of merchant locations.
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Merchant rates for debit acceptance to fall in October
Posted by vantagepoint under FinanceFrom http://blog.vantagecard.com 4875 days ago
The countdown to lower debit Interchange is on with only 11 short weeks remaining. The most important thing merchants can do now is switch to an Interchange plus pricing plan.
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