Payment Trends & News May 2023
What stories are in the news about payments that affect business owners?
- Visa changes surcharge fee confusing everyone. Most likely to land in court.
- Email is circulated that a large credit card processor underbilled merchants from 2018 to 2022. Check your statements and bank account to see if your processor is card connect or ignite payments!
- Senator Durbin is at it again – with credit card fees. The credit card competition act strikes again.
- FedNow – some believe an app will appear on your phone, and you will be able to send money like Zelle and pay for goods and services. Not happening anytime soon!
- AI – has been in the news – what are you doing with AI in your business?
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