Colorado Approves Limited Surcharges on Credit Card Payments. Surcharging credit card transactions is an increasingly common way for firms to cover the cost of processing credit card transactions. However, there is no uniform federal regulatory regime that addresses credit card surcharging. Rather, credit card surcharging is governed by a patchwork of federal and state laws…
DetailsKansas Becomes 46th State to Allow Businesses to Surcharge Customer’s Credit Card Payments Surcharging credit card transactions is an increasingly common way for firms to cover the cost of processing credit card transactions. However, there is no uniform federal regulatory regime that addresses credit card surcharging. Rather, credit card surcharging is governed by a patchwork…
DetailsWholesaler-distributors operate on razor-thin margins so reducing costs and accelerating cash flow are always top of mind. But do you really know how much paper invoices and checks cost your firm? Read the full post to learn more…
DetailsPaper invoices and checks have been the norm for decades, but as wholesaler-distributors scale, so do their AR needs. Read the full post to learn more…
DetailsPandemics, Plans & Pivots: The New Demands on A/R and B2B Payments If you are like most companies, the decrease in business activity due to the Pandemic combined with mail delays – to say nothing of scheduling your teams according to regulatory impact – led to challenges that negatively affected days sales outstanding (DSO) and…
DetailsVisa and Mastercard Delay Planned Changes to Costs and Fee Structures Yesterday Visa announced that it is once again delaying changes to costs and fee structures that had been planned to take place in April 2021. The announcements by the card associations were covered by both Digital Transactions https://www.digitaltransactions.net/card-brands-delay-interchange-updates-and-other-digital-transactions-news-briefs-from-3-16-21/ and PYMNTS.com https://www.pymnts.com/news/payment-methods/2021/mastercard-and-visa-postpone-planned-us-interchange-hikes/. The bulk of…
DetailsBusiness Card Tier Restructuring and Rising Interchange Costs The card brands typically adjust their rates and fees twice per year, in April and October. Due to Covid 19, the card brands have delayed some but not all increases and changes until April 2021. The resulting increase in cost is directly related to card type elimination…
DetailsThe fees wholesaler-distributors pay to accept credit cards, interchange, dues, and assessments, often represent the most significant portion of their order to cash fees paid and can be much larger than their other treasury management costs. Visa’s recent rate increase in July of this year and the adjustment planned for April are the card brand’s…
DetailsUnified Payments Group is pleased to announce that Jason Palmer has joined Unified as Chief Technology Officer. Mr. Palmer will lead IT infrastructure and software engineering for Unified’s open-API, cloud-based B2B Payment Acceptance technology, including streamlining how Unified’s AR solutions integrate with enterprise and mid-market ERP platforms. Read the full post to learn more…
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