The paradigm shift was been prompted by leaps in credit card security and fraud protection, along with consumer trends such as the rise of mobile payments technology (e.g., Apple Pay), and of course the now-ubiquitous chip card. What changed, and does it affect your business? Let’s take a look. What Changed Under the prior signature author...

That’s why Visa’s new entry into the contactless transit payments marketplace is so exciting. We’ve all seen the queues at turnstiles and ticket windows. Systems like Oyster on the London Underground, Suica in Japan, and Calypso in Europe have revolutionized how people get around. These contactless micro payment cards simply debit a small amount...

Let's take a look at what you'll need to do if you want to accept only one type of card. What is Visa Limited Acceptance? The Visa Limited Acceptance program allows businesses to choose to only accept certain types of Visa cards. As you can see from this excerpt from Visa’s Core Rules, a business can choose to accept either Visa credit cards or...

In this article we’ll be exploring Visa cards, specifically the “Visa Cardholder Information Security Program (CISP)" which over time evolved into the current PCI DSS standards. If you're not familiar with PCI DSS, be sure to check out our article on PCI compliance. Validate Your Compliance with PCI DSS with Visa Visa provides a “level” to ...

Wal-Mart filed a similar suit against Visa in May. The Security Problem According to Home Depot Home Depot accuses Visa and Mastercard of being more concerned with protecting their “inflated profits and dominant market positions” than in the security of payment cards used by consumers and “the health of the United States economy.” It allege...

Note that in the past, Visa has had two categories for commercial level 2 cards - one for corporate cards and one for purchasing cards. As of 2023, Visa's published interchange table shows one consolidated category - commercial level II. Interchange rate & fee: 2.50% + $0.10 Also known as: US CORP L2 Commercial Level II (also known as US COR...

Interchange rate & fee: 2.70% + $0.10 Also known as: COMM CNP P Commercial 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. The transaction takes place by phon...

In Visa's published interchange table as of summer 2023, this category shares a generic name (Commercial Card Not Present) with purchasing cards. Previously, the categories had two different, if similar, names - Corporate Card Not Present and Purchasing Card Not Present. Now, they simply share the name Commercial Card Not Present. You may still see...

In the past, Visa has maintained two categories for commercial level II - one for purchasing cards and one for corporate cards. As of this update in 2023, Visa's published interchange table shows one consolidated category - Commercial Level II - for both card types. Rate & fee: 2.50% + $0.10 Also known as: US COMM L2 P Commercial Level II (U...

The Business Card Level II (US COMM L2) is an interchange category that is used to calculate the interchange fee for card-not-present transactions involving a payment made with a business credit card instead of a consumer credit card. This interchange category has several rates associated, depending on the " spend tier" associated. Interchange rat...