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Showing posts from November, 2015

EMV (Chip and PIN) Technology and Understanding Merchant Fees

I just found this article that really shows the initial impact of  EMV implementation at retail stores. Business owners will be need help with how to read their merchant statement.  They will no doubt be looking over it closely in the coming months to understand how these changes will affect their rates and fees.

This article also highlights that fact that ISOs and banks need to understand and explain interchange fees in a manner that the merchant can grasp as various fees are not simply matter of changing terminals or providing better card security.

Read the article here:

http://www.nytimes.com/2015/11/17/business/chip-credit-cards-give-retailers-another-grievance-against-banks.html?partner=msft_msn