Capturing a Pin is No Longer Cheaper for PIN Debit or Check Card Transactions
PIN Debit is Cheaper | Fact or Myth? Contrary to common misconception, both PIN Debit and Check Cards now process at the exact same rate regardless of processing method. Credit card machines that [...]
Cost Cutting Tip – Stop Processing Debit Transactions with PIN Numbers
Debit and Check cards are here to stay, but merchants have a choice how to process these card transactions. You can process a debit/check card as a credit card simply by choosing Credit instead [...]
Will you benefit from debit card cost reductions?
The short answer is … Yes, if you’re a Leap Payment’s client your costs are about to decline dramatically for debit card transactions starting October 1. If you’re not a Leap Payments client your [...]
Fed announces debit intechange caps. Who wins?
The Federal Reserve Board announced the final debit interchange cap related to the Durbin amendment. Some say that the Fed succumbed to pressure from the banks to retain most of the current rate [...]
Debit Interchange Reform coming on July 21 – What it means for your business
The Federal Reserve has been granted the authority to regulate the costs charged by banks for Debit card transactions due to implementation of the Durbin Amendment. The revised cost that the Fed [...]
PIN Debit should be your friend
Your cost to process a Debit card should be significantly lower than the cost to process a Credit card. Not all processors want you to know this, and some don’t even offer lower pricing for Debit [...]
