Digital Transactions: “Cash Discounts And Surcharging Remain the Hot Topic for ISOs”

“Surcharging could be in for even more growth. Surcharge bans in California, Texas, and Florida have fallen recently, and New York’s ban, while still on the books, has been greatly circumscribed as a result of a Supreme Court ruling. Those four big states account for 40% of the U.S. population, and only six states still have bans, said panelist Jonathan Razi, chief executive of CardX LLC, a Chicago-based technology provider that offers a surcharge program to ISOs.”

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