Processing News

Intuit Merchants Report Costly Account Hacks

Intuit and QuickBooks Payments users are claiming that their accounts have been hacked and that Intuit is billing them for the fraudulent payment amounts.

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Authorize.net Announces Technical Updates for 2016

Authorize.net will be making some technical changes starting in mid-2016. See this list of upcoming Authorize.net changes for your e-commerce business.

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Visa, MasterCard, Discover Announce Policy Changes for April 2016

Visa, MasterCard, and Discover are updating their fees and policies in April 2016. See the upcoming interchange revisions in this merchant account article.

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NACHA Proposes Same-Day Bank Transfers by September 2016

Earlier this week, the National Automated Clearing House Association, or NACHA, released a proposal outlining a possible roadmap for upgrading existing ACH networks to enable same-day bank transfers by September 2016. The proposal, which is open for comment through February 5, 2015, is the most detailed document yet showing how banks plan to improve the […]

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American Express finally offers interchange-plus pricing through its OptBlue program

American Express has a well-deserved reputation among merchants as the more expensive alternative to Visa and MasterCard. This is because the company sets its own rates for credit card processing and has historically not allowed merchant account providers to alter or customize these rates in any way. As a result, American Express has long been perceived […]

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