Thursday, August 9, 2012

Part 2: The Credit Card Settlement and You

A few weeks ago I wrote about the pending settlement between Visa and MasterCard in a major lawsuit.  A key element in that settlement is the ability of merchants to add a fee for credit cards.  

According to an article in today's New York Times, it looks like the settlement has been accepted.  I suggest you use the link above and read the article.  

Some of the issues you may want to think about:

  • Does surcharging make sense?
  • Will this allow those campuses that accept MasterCard only not to accept Visa, too?
  • What about debit cards, and the differing rules between Visa and Mastercard?
While this is not necessarily a PCI issue, the settlement does affect your payment card program.  

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