Note: As of 2023, Visa's published interchange table no longer lists the CPS Rewards 1 or Signature Preferred interchange categories. The rates that applied are found in other categories, which have either been renamed or merged with CPS Rewards 1 and Signature Preferred. We're leaving this article for historical purposes, but it will no longer be ...

Note: As of summer 2023, the CPS Card Not Present interchange categories for credit cards are no longer listed in Visa's interchange table. Only CPS Card Not Present Debit and Credit categories are still in use. We're leaving this article for historical purposes, but it will no longer be updated and the rate and fee information is not relevant to c...

Note: As of 2023, this interchange category is no longer listed in Visa's published interchange table. We're preserving this article for historical accuracy, but will no longer be updating it. This category will not be used for determining pricing, though the rate and fee may be the same as other, current, categories.   Interchange rate &amp...

But some of those clarifications have gotten lost in the noise as investors have rushed to Square (its stock jumped in the days following the first reports) and some began to predict that Visa will purchase Square. Before we jump to conclusions, let’s slow down and take a look at the facts. What Visa Really Owns in Square Visa owns 4.19 mil...

In this article, we’ll talk about what it is, how it benefits you and your customers, potential drawbacks, and how to use 3D Secure to ensure maximum security for online transactions. What is Verified by Visa? Verified by Visa (or VbV) is an advanced anti-fraud tool Visa offers to businesses. Similar to Mastercard SecureCode, it requires an...

In order to understand CPS, you need to understand the fundamentals of interchange and interchange qualification. I’ll briefly cover them in this article. If you’re interested in learning more, which I encourage, check out related articles on the topics of interchange and processor pricing models on CardFellow’s blog. Note: As of summer 2023,...

The suit, which dates back to 2005, accuses the card networks and banks of conspiring to fix interchange fees that businesses pay to process credit and debit cards. The settlement is seen as a victory by many fighting for interchange reform, but at least three plaintiffs in the case feel it doesn't go far enough. Update: December 13, 2013 -- Acco...

Effective April 13, 2012, Visa began charging a Transaction Integrity Fee (TIF) of $0.10 on transactions involving Visa debit and prepaid cards that do not meet CPS requirements (more on this later). The Transaction Integrity Fee will not apply to Visa credit card transactions. Transaction Integrity Fee The TIF will not affect a large number of...

Visa charges the Fixed Acquirer Network Fee, often abbreviated as FANF, for credit card acceptance. The fee went into effect in 2012, but has undergone several changes since then. Unlike some other assessment fees, the FANF is not a set cost. It varies based on factors including processing method, sales volume, and number of business locations. ...

Despite how it sounds, you may incur the international acquirer fee even if you don't think you take international payments. That's because the fee applies to transactions in the United States made with cards issued outside of the United States. If a foreign customer uses their card at your business, the fee will apply. Visa began charging this ...