Episode Details

Payment Trends & News May 2023

What stories are in the news about payments that affect business owners?

1. Visa changes surcharge fee confusing everyone. Most likely to land in court.
2. 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!
3. Senator Durbin is at it again - with credit card fees. The credit card competition act strikes again.
4. 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!
5. AI - has been in the news - what are you doing with AI in your business?

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