Credit Card Brands Postpone April 2021 Interchange Increases
Tuesday, 27 April 2021
The credit card brands (i.e. Visa, MasterCard, Discover and American Express) increase interchange and brand fees in April every year. Last year the major card brands decided, amid the COVID-19 pandemic, to postpone changes to interchange and brand fees until April 2021. As a result, the slated increases for April 2021 were quite extensive. In
- Published in Cost Reduction and Containment, Tips
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Top 5 Reasons To Validate PCI Compliance
Friday, 26 March 2021
For many merchants, Payment Card Industry (PCI) compliance can be a frustrating and cumbersome process. In fact, many merchants give up, or avoid PCI compliance all together. Not only does this result in thousands of dollars lost to PCI non-compliance fees, it could leave a business at risk of a credit card breach. Additionally, PCI
Top 3 Areas Your Processor Is Padding Their Profit
Friday, 12 February 2021
Audit Advantage auditors have seen the disturbing trend of credit card processors ‘padding’ legitimate fees on your credit card processing statements. This article will cover the top 3 areas that processors will disguise additional profit that you may be unaware of. As most merchants know, your credit card processing fees are a combination of
- Published in Cost Reduction and Containment, Tips