L3 Payments Newsletter - May 2020: Payment processing news and service updates from the L3 Payments team.
Negative option billing is a practice that often comes under scrutiny by card associations due to the perceived high-risk nature of this business model.
L3 Payments now supports placement of your payroll and contractor USD payment transactions.
As many eCommerce merchants are aware, Visa implemented changes to their fraud and chargeback monitoring programs earlier this year.
Big changes have recently been implemented that will benefit both merchants and consumers in the EU. A statement released by Merchants Payments Coalition, an international organization representing retailers, supermarkets, drug stores, gas stations and online merchants announced a reduction in "swipe fees" paid to banks and credit card companies. These swipe fees increase the...
Merchants processing in the EU have probably heard about the recent increase in MasterCard chargeback fees by now. But did you know, L3 Payments has several solutions for your MasterCard volume that can save you money, and help minimize your overall chargeback exposure.
We have seen and reported on a few actions that have been occurring over the last year in terms of the pressures on banks and payment processors. Recently, Chase has closed several checking accounts for people associated with the adult industry. The outcry has resulted in a very prestigious publication taking notice. The American Banker article that addresses this recent...
May is here and what an exciting month we have in store! Here at L3 we're in the midst of developing new product offerings that are sure to increase revenue for our merchants, and we're eager to share details on those services in the near future. And while we're all busy working on these new features, we'll still make time to honor the wonderful moms in our respective lives on...
By Melody Lashmar Operation Choke Point and increased pressure by bank regulators on Financial Institutions to identify and eliminate merchant fraud has certainly increased the monitoring efforts by banks regarding their payment services. Under Operation Choke Point, Financial Institutions, ISOs and IPSPs are being held liable and accountable for their merchants’ fraudulent...
