{"id":7598,"date":"2020-06-30T06:10:27","date_gmt":"2020-06-30T11:10:27","guid":{"rendered":"https:\/\/reformingretail.com\/?p=7598"},"modified":"2020-06-30T06:10:30","modified_gmt":"2020-06-30T11:10:30","slug":"reformingretails-payment-sos-vantiv-tsys-first-data-may-2020","status":"publish","type":"post","link":"https:\/\/reformingretail.com\/index.php\/2020\/06\/30\/reformingretails-payment-sos-vantiv-tsys-first-data-may-2020\/","title":{"rendered":"ReformingRetail\u2019s Payment SOS: Vantiv, TSYS, First Data, May 2020"},"content":{"rendered":"\n<p><em>ReformingRetail is continuing with a payments statement obfuscation series. We call it SOS for short, and it\u2019s coincidentally a very appropriate acronym. We aim to publish an article in the series twice per month, but it really depends on the shenanigans that we see in the market. Both the statements and analysis are being provided by&nbsp;<\/em><a href=\"https:\/\/merchantcostconsulting.com\/\"><em>Merchant Cost Consulting<\/em><\/a><em>, an advisory group of payments experts that helps merchants lower their processing rates.<\/em><\/p>\n\n\n\n<p>These statements come from April and May of 2020.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Vantiv<\/h4>\n\n\n\n<p>At least Vantiv is consistent: this month showed more padding on statements.<\/p>\n\n\n\n<p><img loading=\"lazy\" decoding=\"async\" width=\"624\" height=\"189\" src=\"https:\/\/lh4.googleusercontent.com\/jFxvl8OnyZt3RrSb7J6pfGlZDu9BIhUYEie32k3jfl9D-GzDumZCV8NmPt0R8NjaL9tuqFSQ7XmiwvurCC1Et59JVKD15bmcbYuBtXXzTnh9mCPxLmQAPe5MvyK9AcnE6-iM2YDo\"><\/p>\n\n\n\n<h4 class=\"wp-block-heading\">TSYS<\/h4>\n\n\n\n<p>TSYS, now owned by Global Payments, who we are dubbing the The King of Fake Fees, has added a monthly fee between $125 and $139. Why the disparity? Uh, why the fee at all? Oh, &#8220;<a href=\"https:\/\/www.marketwatch.com\/story\/global-payments-is-feeling-more-upbeat-about-synergies-gained-from-tsys-deal-2019-10-31#:~:text=The%20company%20also%20boosted%20its,merger%2C%20which%20closed%20on%20Sept.\">revenue synergies<\/a>&#8220;. <\/p>\n\n\n\n<p><img loading=\"lazy\" decoding=\"async\" width=\"624\" height=\"219\" src=\"https:\/\/lh3.googleusercontent.com\/gAAqJ5Rv-SYUVLPHo9S4xAChy7APv7HZDY-wNDhsNRKOaicZSuwmXhoKGBjgQcwP9lapbtoFOSXXxJvYmBQF7n4-29lOxfdmIXjL2sMv2Jf0_ZDJG6rt5MPhVU85v0AWoZkQT3tV\"><\/p>\n\n\n\n<p><img loading=\"lazy\" decoding=\"async\" width=\"624\" height=\"99\" src=\"https:\/\/lh5.googleusercontent.com\/v3tiIUt1jVjxhIe7x0K1WZvPKD9savow-HZE5qmCNRr4K5IYyJpnlbgRBjJxll76F-fdGCyIoySVT1U-iMJrlMepIcWQCcI3DuH6eJ-X6ciMzY62EETRXS3RjaUVou6IYfE48S-u\"><\/p>\n\n\n\n<h4 class=\"wp-block-heading\">First Data &#8211; Card Connect<\/h4>\n\n\n\n<p><img loading=\"lazy\" decoding=\"async\" width=\"624\" height=\"169\" src=\"https:\/\/lh6.googleusercontent.com\/VPe3toABEjit3RRfz8bUfbHX992QrWR7-CZixhcExkXEBqSIdztZ-UhtXcZfGmLdmWMp_97MBUUxnpB-TLcXH2OAx8EDnmIeUzmO9wPTPcnH1oEevFtejzmgoDvI1EisVH49Vvj-\"><\/p>\n\n\n\n<p>Here First Data is notifying the customer that pricing will change to coincide with the card network interchange changes. What do you want to bet that the pricing <em>just happens<\/em> to be in First Data&#8217;s favor?<\/p>\n\n\n\n<p>Check your statements.<\/p>\n<script async=\"\" src=\"https:\/\/widget.websitevoice.com\/UMwLESBjj1uq-UOHwOeBBw\"><\/script>\n<script>\n  window.wvData=window.wvData||{};function wvtag(a,b){wvData[a]=b;}\n  wvtag('id', 'UMwLESBjj1uq-UOHwOeBBw');\n  wvtag('widget-style', {\n    backgroundColor: '#F5953E',\n    contrast: 'wv-contrast-dark'\n  });\n<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ReformingRetail is continuing with a payments statement obfuscation series. We call it SOS for short, and it\u2019s coincidentally a very appropriate acronym. We aim to publish an article in the series twice per month, but it really depends on the shenanigans that we see in the market. Both the statements and analysis are being provided [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7604,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"image","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[5,4],"tags":[],"class_list":["post-7598","post","type-post","status-publish","format-image","has-post-thumbnail","hentry","category-solutions","category-merchants","post_format-post-format-image"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/reformingretail.com\/wp-content\/uploads\/2020\/06\/a1.png?fit=1600%2C561&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p81nA2-1Yy","_links":{"self":[{"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/posts\/7598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/comments?post=7598"}],"version-history":[{"count":2,"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/posts\/7598\/revisions"}],"predecessor-version":[{"id":7605,"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/posts\/7598\/revisions\/7605"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/media\/7604"}],"wp:attachment":[{"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/media?parent=7598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/categories?post=7598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/tags?post=7598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}