Tag Archives: Dodd-Frank Act

How To Decipher Your Merchant Account Statement

Merchants are constantly commenting to me that trying to decipher their credit card processing statements is extremely frustrating.  They say that it seems that processors make them difficult to understand, on purpose.  Well, I won’t make specific comments on that … Continue reading

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Posted in Business Management, business services, credit card processing, Interchange Rates, merchant accounts, merchant services, Visa and MasterCard | Tagged , , , , , , | 2 Comments

Durbin and Debit Savings

Okay, we’re closing on nearly a year since the Durbin Amendment to the Dodd Frank Act went into effect.  As you may recall, from an earlier article written on this subject,  Durbin capped the amount that “regulated” banks could charge … Continue reading

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Posted in Business Management, business services, credit card processing, Durbin Amendment, merchant services, Visa and MasterCard | Tagged , , , , | 2 Comments

Credit Card Interchange Rate Reductions…Possible or not?

In October, the Durbin Amendment went in effect and now retailers are pocketing additional profits….or are they?  As you may know from reading other articles, Durbin put a cap on what processors are charged for processing debit  transactions.  Now, the … Continue reading

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Posted in Business Management, business services, credit card processing, Interchange Rates, merchant services | Tagged , , , | 1 Comment

Caps on Debit Card Interchange Rates

You may or may not have been aware of the Dodd-Frank Act that was before congress to address Interchange Fees.  Well, just a few days ago, the Federal Reserve announced the final rules for regulating the debit card industry.  As … Continue reading

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Posted in Business Management, business services, Interchange Rates, merchant services | Tagged , | 1 Comment