Yahoo Finance: “CardX Wins in Kansas, Opens 47th State to CardX’s Credit Card Surcharging Solution”
“‘The result in Kansas comes at a key moment for the payments industry,’ said CardX CEO and Harvard Law graduate Jonathan Razi. ‘Surcharging is becoming even more prominent as payments continue to move online, and, with upcoming interchange increases in April, this is timely relief for the many companies that will be looking to reduce their costs of payment acceptance.’
In CardX, LLC v. Derek Schmidt, the court evaluated the law’s constitutionality ‘as applied’ to CardX’s specific payments technology.
‘There is still the possibility that the Kansas statute could be enforced against other merchants or providers if the fact pattern were different,’ noted CardX COO Michael Tomko, also a Harvard Law graduate. ‘Compliance continues to be the defining question in the surcharging space.’”