Levels Of PCI Compliance
In 2006, due to the ubiquity of online shopping and lack of security around a new form of credit card use, American Express, MasterCard, Visa, Discover, and JCB International founded the Security Standards Council to combat the threat of cardholder data theft. This council drafted rules for merchants and payment processors, designed to protect cardholder […]
MacPayments PCI Program
A stolen credit card means potentially devastating losses for the card network, banks, and the cardholders themselves. That’s why the Payment Card Industry is always trying to stay one step ahead of criminals who would steal cardholder data. That’s why American Express, MasterCard, Visa, Discover, and JCB International founded the Security Standards Council in 2006—their […]
How MacPayments Helps Merchants Stay PCI Compliant
At MacPayments, we understand how vital it is to help merchants stay compliant within the Payment Card Industry’s Data Security Standards. We’ve all seen the headlines about giant companies being hacked and their customers’ credit and debit card information being sold on the Dark Web, so we know how scary it can be to have […]
PCI Non-Compliance
Data breaches are the enemy of the payments industry. The PCI-DSS, which stands for Payment Card Industry Data Security Standards, is a set of rules set forth by the PCI Security Standards Council specifically to lessen the chances of a data breach. This Council is comprised of Visa, MasterCard, Discover, American Express, and JCB International, […]
Clearing & Settlement July 2020 Card Brand Enhancements: Card Brand Fees
Visa U.S. Acquirer Pricing Modified for Account Verification and Authorization Reversal Visa announced in a Visa Business News dated October 10, 2019, that modifications will be made to the U.S. Acquirer Authorization Verification Fees and extend the Network Acquirer Process Fee to include U.S.acquirer authorization reversals. Effective July 1, 2020: A new fee will be […]
Clearing & Settlement July 2020 Card Brand Enhancements: Additional Enhancements
Visa Discontinue Support of the Performance Tier 2 Program—Canada Region Visa will no longer support the Performance Tier 2 interchange program for merchants in the Canada region. Although these programs will still be visible throughout the systems, no volume will report to these programs. FPI IQSTA IC Level Fee Program Name (PPM Description Name Current […]
Clearing & Settlement July 2020 Card Brand Enhancements: Interchange Program Enhancements
Business Impacts Merchant portfolios may need be reviewed to prepare profitability models that support these interchange rate changes. Mastercard Canada Region Enhancements to Interregional Interchange Programs Mastercard is enhancing interregional interchange programs for the Canada region and is reclassifying consumer credit product code MSP-Muse Mastercard to Consumer Super Premium, in addition to expanding Canada acquiring […]
Clearing & Settlement July 2020 Card Brand Enhancements: Interchange Program Description & Rate Changes
Business Impacts Merchant portfolios may need be reviewed to prepare profitability models that support these interchange rate changes. Visa Canada Region Changes to Performance Tier 1 Fee Program for Visa Debit Transactions Visa will modify the description of the existing Canada domestic Performance debit fee programs. FPI IQSTA IC Level Current Fee Program Name (PPM […]
Clearing And Settlement July 2020 Card Brand Enhancements: New Interchange Programs
New Interchange Programs In July 2020, Visa, Mastercard, American Express, and Discover are implementing new interchange programs. Business Impacts Merchant portfolios may need to be reviewed to prepare profitability models to support these new interchange programs. Visa Canada Region Changes to Performance Tier 1 Fee Program for Visa Consumer Credit Transactions Performance Tier 1 will […]
Debit Card Transactions Fees & Rates
Debit card transaction rates and fees are usually cheaper than credit card transaction fees, but it is still important to understand what they are and exactly how much they are costing your business. Some debit transactions cost less, depending on the type of debit transaction (PIN vs. Signature), card brand, and ticket size. PIN Debit […]
