Payment card settlement still unsettled
According to Vizant Technologies, a CBA partner for helping members evaluate, analyze, reduce, and recoup financial payment costs, the Visa and MasterCard Payment Card Settlement has yet to be finalized. This means merchants accepting payment cards have not yet received any benefit or relief from payment card acceptance costs.
Further explanation and details are included in Vizant’s latest blog post, entitled “Visa & MasterCard Payment Card Settlement: Is There No End to This? What is Next?…” (March 31).