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Worldpay and FIS to combine

 

FIS, a global leader in financial services technology, and Worldpay, a global leader in eCommerce and payments, announce that they have entered into a definitive merger agreement.

 
 
 
 

Thank you for joining us for our Spring Network Update webinar!

 

Thank you for joining us on March 27 for the Spring Network Update Webinar where we as thought leaders and business partners strive to keep you informed of the most recent news in the ever-changing payments industry!

If you would like to review the information, please click on the following links to watch the webinar recording, download the webinar deck or download the newsletter.

 
 
 
 

Visa announces planned maintenance

 

Due to planned maintenance by Visa, the Visa dispute function will be unavailable in iQ from 10 a.m. EST on Saturday, April 13 through 11 p.m. on Sunday, April 14.

 
 
 
 

Update: Return Authorization Requirements, All Brands

 

To ensure better visibility to the cardholder that their refund is in process, and to reduce refund-related customer service burdens on merchants, acquirers and issuers, the brands have communicated the attached refund authorization support and effective dates.

 
 
 
 

Visa introduces Issuer Monitoring Program

 

Visa is launching its new Visa Issuer Monitoring Program effective October 1, 2019 in all regions except Asia-Pacific.

 
 
 
 

Reminder and Changes: Contactless Terminal Requirements

 

To increase the acceptance of contactless transactions and support more secure transactions, the card brands have published contactless terminal requirements. Contactless terminals must support EMV grade contactless technology as outlined by region and effective date. 

 
 
 
 

Mastercard Excessive Authorization Attempt fee

 

Mastercard is introducing a new Excessive Authorization Attempts fee in both the U.S. and Canada effective July 15, 2019 as an effort to stop card testing and discourage merchants from continuously authorizing a card after receiving declines.

 
 
 

In every issue

 
 
 
 
Disputes and chargeback information: Click here
 
 
 
 
2019 Peak Season Calendar: Click here
 
 
 
 
2019 Maintenance Schedule: Click here
 
 
 
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