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The Official Merchant
Services Blog
The Official Merchant Services Blog
Consumer Financial Protection Bureau To Cut Overdraft Fees To $3
The Consumer Financial Protection Bureau (CFPB) is working on a plan to lower overdraft fees. These are the fees Americans pay when their bank accounts run dry. As a part of the B...
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Truist Closing 72 Branches by March 2024
Truist Financial plans to reduce its branch network by March as part of its cost-saving strategy. According to recently released data, Truist Financial operated a total of 2006 br...
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Visa Cracks Down On Businesses Using Surcharge Programs
Visa, the largest global payment system, is making changes to its approach towards surcharges in order to be more stringent towards merchants who impose additional fees on custome...
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Nuvei Integrates AR Automation And EPR Payments In Microsoft Dynamics 365
Canadian fintech company Nuvei recently revealed its most recent connection with Dynamics 365, an ERP (Enterprise Resource Planning) system supplier designed specifically for smal...
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Mastercard And The Clearing House Announce Extended Collaboration For Real-Time Payments
In keeping with their goal to transform the digital economy by implementing real-time payments (RTP) on the RTP network, Mastercard and TCH, or The Clearing House, have decided to...
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IRS Unveils Withdrawal Procedure for ERC Claims
The IRS has repeatedly cautioned taxpayers about a rise in aggressive marketing related to questionable or fraudulent claims for the Employee Retention Credit (ERC). Initially, th...
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The IRS Moratorium on Employee Retention Credit: What’s Your Next Move?
The Employee Retention Credit (ERC) provided crucial support for businesses navigating the challenges of the COVID-19 pandemic and its aftermath. Refund claims for 2020 must be su...
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A Look At The Current State of ERC
The IRS is taking several measures in its ongoing efforts to address false and fraudulent ERC claims. These include an indefinite extension of the moratorium on processing claims,...
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IRS Employee Retention Credit Backlog
If you find yourself among the small business owners anxiously awaiting the processing of your Employee Retention Credit (ERC) claim, you're part of a sizable group facing the sam...
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