Industry News

CardWorks to Ally with Ally Financial

Ally Financial will acquire CardWorks in the third quarter of 2020, growing one step closer to a full-service financial firm. This means Merrick Bank will be absorbed by Ally Bank, likely taking its credit card holders with it.

Changes announced to visa interchange fees-min

Changes Announced to Visa® Interchange Fees

Visa® interchange fees have remained the same for the past 10 years. In April and March of 2020, Visa® plans to revise its merchant fee structure to reflect current commerce trends. New interchange fees can impact consumers and merchants, alike.

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