The US Justice Department filed a lawsuit Tuesday accusing Visa of illegally monopolizing the debit card market https://lnkd.in/e2qVtX2F #competition #payment #merchants
About us
Red Yucca is an Advisory Services Firm with an expertise in Influence Strategies, Complex Negotiations, Value Propositions and Relationship Management. Red Yucca operates both locally and globally.
- Website
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www.red-yucca.com
External link for Red Yucca
- Industry
- Business Consulting and Services
- Company size
- 1 employee
- Type
- Privately Held
- Founded
- 2023
Employees at Red Yucca
Updates
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Business, négociations, gestion des conflits : Quand l’éthique passe à la trappe. #ethique #negociation #reputation #gouvernance Ma dernière chronique dans Forbes France https://lnkd.in/eYjRnKfn
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The Visa / Mastercard settlement in the US is eventually highly likely to be rejected. The litigation has started about 20 years ago... For both payment giants, this litigation is more than a standard litigation. It's about protecting and defending their very "juicy" model. A model that is giving them up to 3,5% of the transaction amount according to this article. A model that merchants have been challenging lately, not only in the US but also in the UK and continental Europe. A model that severely erodes the profitability and the Ebita of merchants. Any merchants. Big or small. Question being, what justifies a 3,5% commission on a transaction.... ? #payment #cardfees #merchantfees #competition https://lnkd.in/efK5tWuJ.
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Red Yucca reposted this
Founder @ Red Yucca | Influence Strategies | Complex & International Negotiations | Payment Cost Optimization | Harvard Business Review Contributor | Advisory Board Member
Projet de regroupement intéressant en effet. Tant que cette concentration ne dérive pas "accidentellement" vers une tentation oligopolistique au niveau de l'activité des acquéreurs... Il serait effectivement dommage de constater que les commerçants voient leurs tarifs liés aux frais d'acceptation des cartes de paiement augmenter de nouveau... #paiement #cartes #négociation
📢 BNP Paribas et BPCE annoncent leur projet de créer un partenariat stratégique dans les paiements. 🤝 Avec ce projet de partenariat stratégique, BNP Paribas et BPCE souhaitent franchir une nouvelle étape majeure dans les paiements en se dotant ensemble de la meilleure technologie en matière de processing paiements pour les porteurs et commerçants. 🥇 Ce processeur aura vocation à traiter l’ensemble des paiements par carte en Europe de BNP Paribas et BPCE, soit 17 milliards de transactions, et pourra également s’adresser à d’autres banques. Il serait ainsi le n°1 des processeurs en France et l’ambition des deux Groupes est de le placer parmi le Top 3 des processeurs en Europe. Pour en savoir plus 👉 https://lnkd.in/dQnbks7T
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Au total, selon la Merchants Payment Coalition, "les commerçants américains ont été prélevés de 172 milliards de dollars de frais de transaction en 2023, contre 160 milliards de dollars en 2022." https://lnkd.in/eRVur9q4
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Red Yucca reposted this
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Comment faire accepter l'inacceptable ? La récente série TV « La Fièvre », diffusée sur Canal plus , n'est pas seulement un succès télévisuel ; elle a popularisé le concept de la Fenêtre d'Overton, un principe qui explique comment des idées autrefois jugées inacceptables peuvent devenir courantes. Ce concept s’adresse par exemple aux négociations complexes mais va bien au-delà de la sphère de l’influence. Il souligne l’importance de mettre en place une gouvernance d'entreprise digne de ce nom, afin d’appréhender, en amont, les risques réputationnels. Ma dernière chronique dans Harvard Business Review #influence #reputation #negociation #gouvernance https://lnkd.in/ejpmWwEk
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“In 2023, hoteliers will pay the top OTAs and bed banks $50 billion in commissions and markups,” Max Starkov wrote. A staggering amount!” Another interesting question would be : "How much will hotel companies pay financial institutions, banks, acquirers and other payment solutions providers for payment acceptance related costs.. ? As cost of payment is definitely an - overlooked - component of the cost of distribution. https://lnkd.in/gbeqhpCC #merchants #payments #cards #costofdistribution
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Should merchants apply credit cards surcharges ? 💰 A recent report conducted by the Payment System Regulator in the UK showed that Visa & Mastercard would have "raised their fees by 30% in the last five years, with no corresponding increase in service quality." 🛑 Applying a surcharge on certain means of payment is then a logical and natural response to this price pressure. ( 🚫 unless merchants simply decide to stop accepting certain payment methods 🚫 ). Implementing it is sometimes challenging though because there is a lack of consistency on surcharging rules in a given territory or market. For example, in the EU, surcharging rules may vary between member states and do not apply consistently on all cards. Similarly, in the US, surcharging principles are different from one state to the other. 💡 However, applying a surcharge remains interesting if a merchant wants to invite a customer to use a means of payment rather than another one, more costly e.g. 💡 Another way, less intuitive, to partially offset those important costs, consists in applying a "subcharge" instead of a surcharge. In other words, if a consumer is paying with a certain payment method, they will be offered a discount. And it will create consumer satisfaction. Interesting article of Danielle Kutchel in The Law Society of NSW Journal about this complex topic. #payment #surcharge #surcharging #merchants #costofpayment #psd2 #psd3 European Union European Payments Council (EPC) EACT - European Association of Corporate Treasurers AFTE - The French Association Of Corporate Treasurers Reserve Bank of Australia https://lnkd.in/e_TDGM-E