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How New Visa Rules Impact Debt Collectors in April 2023
April 3, 2023 | Categories: credit card processing
Visa announced new rules for debt repayment that will go into effect on April 15, 2023. Impacting collection agencies and debt buyers, the changes will also expand the definition of overdue receivables beyond traditional debt. The new rules will ensure that cardholders are provided with necessary information about their transactions and protect issuers from excessive […]
Preferred Payments and Stellar IMS announce strategic partnership to improve payment functionality for marinas
June 19, 2019 | Categories: Uncategorized
19 June 2019, Westlake Village, California USA: Preferred Payments—whose payment platforms streamline complex fiscal management for the recreational marine industry—today announces a strategic partnership with online booking software, Stellar IMS. Together, the alliance is designed for U.S marinas to grow loyalty among customers. Since its launch in 2008, Stellar IMS has experienced rapid growth as […]
How to Prevent Credit Card Chargebacks: 7 Tips You Can Use
April 26, 2019 | Categories: credit card processing
Across all industries, the average credit card chargeback rate is 0.60 percent. That’s perilously close to the danger zone of 1 percent, at which point the company will be on the credit card industry’s MATCH (Member Alert to Control High-Risk Merchants) list. That makes it very hard if not impossible for the company to secure […]
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