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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