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Friday, October 19, 2018

Visa's bulletin on cash discounting: clarification, war or both?

Yesterday, Visa Inc. issued "Cash Discounting and Discount Offers Explained," a new bulletin devised to clarify what is and is not permitted under Visa Rules for cash discount programs. Visa stated that because of the increasing popularity of cash discount or discount offer programs, Visa is "reminding U.S. acquirers, merchants, processors and agents that discount offer programs should be evaluated to ensure compliance with the Visa Rules."

That sounds straightforward enough, and Jonathan Razi, CEO of CardX, said his company welcomes Visa's guidance. "Visa's bulletin gives our industry much-needed clarity: 'cash discount' is not a loophole within the rules, and merchants that add a fee at the point of sale must comply with the requirements for surcharging, regardless of what they call the fee," he told The Green Sheet.

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Monday, October 22, 2018

Podcast #13 - What Does the Visa Settlement Mean for Merchant Sales?

Latest update on the Visa / Mastercard merchant settlement and what it might mean for your business going forward. The Insiders' report hones in on Cash Discounting - where it's at and where it's going.

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