Steady Credit Card Usage
Overall credit card volumes during May were flat–up slightly mm because of seasonality and some sector activity.
• Mom-and-pop and high-end retailers and sit-down restaurant credit card volumes remained weak; healthcare, quick-serve restaurants and online sales were strongest
• Merchant credit card payment transaction costs mostly flat yy, but higher issuers’ credit card fees are expected
• Upgrades and compliance with Payment Card Industry (PCI) Data Security Standards are expected to encourage some higher processing fees
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"Mike Fox, Vice President of Sales for Group ISO Merchant Services in Newport Beach, Calif., has drawn on his payments industry expertise to serve businesses large and small for almost 20 years. Having learned the payments industry from the ground up after significant experience in the restaurant, service, and project management, he has pride in tailoring solutions for all types of merchant, ISO, and agent businesses. Mike provides a tested, solutions-oriented approach enhanced by knowledge gained through hands-on experience and employs that approach to ensure all their clients are always supported."
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Mike Fox, CPP