Currencies Direct’s Post

The payments watchdog is to crack down on card fees  The Payment Systems Regulator (PSR) has said that it will propose several remedies to limit the power wielded by Mastercard and Visa, which account for 95% of UK card transactions. It is understood that the pair charge acquirers and merchants a range of fees, but these have risen by 30% in real terms in the past five years with “little or no link to changes in service quality”, the PSR say. The proposed changes include requirements for Mastercard and Visa to provide more detailed information on the profits they earn from their UK operations, and obligations to justify price increases or new fees. The PSR is not proposing a price cap but does not rule one out in the future. 

Do you sell online? 30% of card credentials stored become obsolete within one year. 15% of card-on-file authorizations will result in decline. You’re LOSING MONEY! Why? Work Revenue Boost from Worldpay you can stop these losses AND see dramatic auth uplifts via network payments tokens (+3.5% Auth uplift among top 5 NPT merchants in one month!) (thanks Mat Everitt for the copy !)

Do you sell online? 30% of card credentials stored become obsolete within one year. 15% of card-on-file authorizations will result in decline. You’re LOSING MONEY! Why? Work Revenue Boost from Worldpay you can stop these losses AND see dramatic auth uplifts via network payments tokens (+3.5% Auth uplift among top 5 NPT merchants in one month!). Dont let your payments become obsolete like this price list (unfortunately! 😉)

ACI and Mastercard Partner to Deliver Faster Payments Typically, payments made online and in-store are authorized in real time, but clearing and settlement occur later in large batches between merchant acquirers and the networks. Only subscribers can access the full article here https://lnkd.in/d-QfE22U Nilson Report articles are based on interviews with company senior executives. No sponsored content. No advertising.

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🌍 In 2023, the global spending on credit and debit cards reached a staggering $20 trillion, according to a recent Worldpay report. This large volume of card transactions is largely attributed to the comprehensive consumer protections offered by card networks like Visa & Mastercard, which offer a comforting assurance to cardholders. Such strong protections are not typically found in alternative payment methods like account-to-account (A2A). Discover how card networks' consumer protections work and why they matter in our blog post: https://bit.ly/4bganb7 #DisputeManagement #Payments #FinancialServices

Stay with me it will be worth it. Recent payments change will affect your business. How is up to you. Visa Mastercard agreed to lower their interchange fees due to recent settlement... (No NOT the class action for all businesses that closes end of this month, that was a different settlement and last weeks video) A win for your business right? Not necessarily. Your card processor is the one who handles billing for transactions. If you aren't on an Interchange plus pricing model there is no gaurantee they will pass the savings to you. (I think most will keep it). Today's Merchant Minute video explains this pricing model. Do you know which pricing model you're on and how costs are set up??? Post written by a human(me), I haven't yet tamed AI for good. #merchantminute #interchangeplus #cardprocessing #merchantservices #visasettlement #dontgethosed

ACI and Mastercard Partner to Deliver Faster Payments Typically, payments made online and in-store are authorized in real time, but clearing and settlement occur later in large batches between merchant acquirers and the networks. Only subscribers can access the full article here https://lnkd.in/dRNh7VVU Nilson Report articles are based on interviews with company senior executives. No sponsored content. No advertising.