CardFellow Credit Card Processing Blog

Credit Card Processing, Legal

Home Depot Lawsuit Against Visa and MasterCard

by Ben Dwyer

Wal-Mart filed a similar suit against Visa in May. The Security Problem According to Home Depot Credit Card Companies’ Reactions The Monetary Problem According to Home Depot No Option Are PINs the answer? Prayer for Relief Visa and MasterCard Respond The Security Problem According to Home Depot Home Depot accuses Visa and MasterCard of being […]

It’s a case of a home improvement retail giant versus two network payment processing behemoths. In mid-June 2016, Home Depot filed an antitrust lawsuit in federal district court in Atlanta against Visa and MasterCard, alleging credit card security is inadequate and exposes retailers and customers to hacking.

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Credit Card Processing, Security and PCI Compliance

TSYS Card Compromise Assistance Plan

by Ben Dwyer

In response to this threat that can cripple or virtually destroy any retail business, Total System Services, Inc. (also known as TSYS) offers a Credit Card Compromise Assistance Plan (C-CAP). This service can ease the financial risk and reassure business owners who accept credit cards at their retail locations and online. C-CAP protects them from […]

No business is exempt from an attack on their sensitive credit card customer databases by hackers and other criminals. And small businesses who might not be able to afford the latest security measures have found themselves especially targeted.

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Credit Card Processing

Quick Chip to Help Speed Up EMV Transactions

by Ben Dwyer

Unlike magnetic stripe cards, chip cards inserted into the reader must stay there until the transaction is complete. In some cases, customers wait 15 seconds or longer for the authorization to go through once the cashier has hit the appropriate payment button. This creates a lot of friction, slowing the checkout process, increasing wait time […]

The US chip card rollout was confusing and sluggish. Additionally, in locations that have implemented chip card machines, customers were often frustrated or want to swipe their chip cards through the magstripe reader. The primary complaint was that chip card transactions were painfully slow.

Quick Chip to Help Speed Up EMV Transactions

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B2B, Credit Card Processing

CardPointe by CardConnect

by Ben Dwyer

What is it, does it affect you, and what are your options? Let’s take a look. What is the CardPointe fee? Does the CardPointe fee apply to me? What does CardPointe do? Real Time Transaction Management Virtual Terminal Mobile App and Payments Point to Point Encrypted Terminals Hosted Payment Page Recurring Billing with Account Updater […]

CardPointe is a processing solution available through CardConnect and its resellers. A new fee may be showing up on your processing statement starting in July of 2016: The CardPointe fee. Charged by CardConnect, the CardPointe fee is a monthly charge that may be added to your existing processing fees.

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Credit Card Processing

Square’s Transaction Fees and Equipment Leasing

by Ben Dwyer

In 2019, Square did away with its 2.75% rate in favor of 2.6% + 10 cents per transaction. Additionally, the company is now offering equipment leases, a practice that we generally advise against here at CardFellow. Read on to see what these Square fees mean, and what the leasing is all about. Square’s Per-Transaction Fee […]

Payment processing company Square has built a reputation on offering simple, flat-rate credit card processing for small business. The well-publicized 2.75% rate was a good deal for businesses with small average transactions or low monthly credit card sales, but the company no longer offers that rate.

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Credit Card Processing, Legal

Walmart Sues Visa: Who’s Right?

by Ben Dwyer

Update – in November 2017, Walmart and Visa announced that they are settling the lawsuits. Details of the settlement have not been made public, though Visa made a public announcement that they’re pleased with the settlement decision. We’re leaving the rest of this article for historical purposes. Setting the Stage: PIN vs. Signature Chip Cards […]

A battle is brewing. Citing security issues, giant retailer Walmart has brought a lawsuit against Visa. At the end of June, 2016, Visa filed a countersuit. The news has spread like wildfire, and misconceptions are also spreading fast. Let’s take a look at what the lawsuit is actually about and address some of the incorrect info going around.

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Credit Card Processing

Visa Purchasing Card Not Present

by Ben Dwyer

The Commercial Purchasing Card – Card Not Present (or COMM CNP P) is an interchange category that is used to calculate the interchange fee for card-not-present transactions involving a payment made with a commercial purchasing card instead of a consumer credit card.

Visa’s Purchasing Card-Not-Present is an interchange category. It refers to payments made using a commercial purchasing card when the card is not swiped.

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Credit Card Processing

Visa Corporate Card Level II Data Rate

by Ben Dwyer

Corporate Card Level II (also known as US CORP L2) is an interchange category that is used to calculate the interchange fee for card-not-present transactions (including keyed transactions) involving a payment made with a corporate credit card instead of a consumer credit card.

Corporate Card Level II is a Visa interchange category used to calculate the interchange fee for card-not-present transactions made with a corporate credit card instead of a consumer credit card.

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Credit Card Processing exposed