Tag: payment processing
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Visa Mastercard Settlement Lowers Fees, Save Money NOW
Visa and Mastercard recently submitted a revised $38 billion settlement proposal to end a 20-year legal battle with merchants over credit card processing fees. The Eastern District Court of New York will review this new agreement after U.S. District Judge Margo Brodie rejected a previous settlement in 2024. This class action lawsuit focuses on interchange…
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8 Payment Breakthroughs That Will Transform Your Business
Technology moves fast. These eight major developments in payments create real opportunities to grow your business, cut costs, and reach new customers. Let’s break down what each piece of fintech news in September 2025 means for your bottom line. GROW YOUR BUSINESS 1. ChatGPT Shopping: A New 24/7 Sales Channel OpenAI and Shopify seamlessly altered…
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MCC 5993: Smoke Shops, Vape, and CBD Need a Better Processor
If you run a smoke shop, sell cigars, offer vaping products, or operate a CBD business, you fall under the Merchant Category Code 5993. Maybe you’re frustrated by payment processors turning you away, or you don’t like the label of “high-risk” just for running your business. Let’s break down what MCC 5993 means, why it…
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Best Cross-Border Payments Practices for Travel Businesses
Travel connects people across the globe. But when it comes to accepting payments from international customers, things can get tricky fast. If you run a travel business-whether it’s a tour company, hotel, or booking platform-you’ve probably faced the headache of cross-border payments. Different currencies, surprise fees, and confusing checkout experiences can all get in the…
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Mastercard Agent Pay, AI Is Changing the Way We Pay
Mastercard just made a move that will likely change the way we shop and pay forever (at least on their network). The company announced Agent Pay, a new technology that lets trusted AI agents make secure payments on your behalf. Imagine telling your digital assistant to buy your groceries, book your next vacation, or pay…
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