Today’s article in DigitalTransactions.net (Visa Modifies Its Controversial EMV Debit Card Transaction-Routing Policies) is another eye opener about the power Visa wields in transaction processing. But Visa’s size and cash should not be used by Visa to impose wrong policies
Surcharging and Fraud
The New Battle: Surcharging Fraud I have witnessed a new type of fraud by unscrupulous salespeople, their ISOs, and a few leasing companies recently. This fraud stems from the abuse of rules on surcharging implemented by Visa and MasterCard in
Merchant Processing Contract
Merchant Contract Transparency Should be the Norm Merchant contract terms and conditions should be clear. This is an article I wrote for merchants. What prompted me to write it is noticing the inadequacy of a number of merchant agreements I
Locked Devices
Locking Credit Card Processing Terminals is Wrong and Should be Deemed Illegal I’ve witnessed a disturbing trend since late 2015. Credit card processing devices sold by PAX, Ingenico, and Verifone now allow their devices to be locked by processors. This