Wal-Mart wins, consumers lose, and we all pay

Patrick Turiano | VIEW PROFILE

July 6, 2011

Patrick Turiano |

With all that has happened last week in terms of the Durbin Amendment we’re still making heads and tails of what this will mean.Right from the moment the new .21 cent fee was announced, we immediately identified consumers as the loser in this battle.As our co...

Merchant Fees

Merchant Warehouse | VIEW PROFILE

December 10, 2010

“Merchant fees” are more commonly referred to as “interchange fees.” The term is used by the payment card industry to describe what a merchant’s bank (“acquiring bank”) pays a customer’s bank (“issuing bank”) when that merchant processes transactions with cards in the Visa...

Interchange Fee

Merchant Warehouse | VIEW PROFILE

December 10, 2010

“Interchange Fee” is a word referred to in the credit card and banking industries to describe the amount that the bank of a merchant pays a the bank of a customer when a merchant allows cards that use major credit card networks like MasterCard, Visa or Discover for sales...

Interchange

Merchant Warehouse | VIEW PROFILE

December 10, 2010

The term “interchange” refers to both a process and the fee for that process, which involves Visa or MasterCard taking a percentage of retail transactions where a credit or signature debit card is used for payment. The amount fluctuates depending on the type of card,...

Explaining Interchange and Assessments

Merchant Warehouse | VIEW PROFILE

December 9, 2010

There are essentially are two basic fees that collectively make up the bulk of merchant account costs. In the credit card processing industry, these costs are regularly referred to as “interchange” and “assessments,” and are charged by bank-card networks like MasterCard and...

Understanding Ecommerce Merchant Account Risk Types

Merchant Warehouse | VIEW PROFILE

December 7, 2010

Transactions that are processed fraudulently, as well as security breaches that allow a customer’s personal account information to be stolen, cost billions of dollars per year for e-commerce and telephone order establishments. This makes it extremely important that these...

Henry Helgeson Discusses Swipe-Fee Reform in Forbes

July 29, 2010

With the passage of the financial overhaul bill, Congress has given the Federal Reserve the power to limit interchange, or "swipe," fees. Those are the fees a merchant's bank (the acquiring bank) pays to a customer's bank (the issuing bank) when merchants accept cards using...

Digital Transactions Turns to Henry Helgeson About Change to Interchange Rates

Brian Waldman

March 2, 2009

In the coming months, merchants and ISOs will begin seeing changes to Interchange fees. To help further explain what these changes will mean, why they are coming about, who will be impacted and how they can mitigate the costs associated with these changes, Digital Transactions...