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- InterPayments Unveils PLS Service
InterPayments Unveils PLS Service
Slice of Finance Team
12 Jun
Key Highlights:
Launch of industry’s first and only compliant PLS service
Provides merchants with more surcharging control and flexibility
Calculates real-time cost of each card for accurate surcharges
Ensures compliance with federal, state, and local regulations
Backed by a contractual compliance guarantee
Source (Business Wire)
Notable Quotes
“Our PLS solution delivers more certainty and choice to the marketplace. As a tailored surcharging program that only impacts payment cards that are the highest cost, PLS provides merchants with more surcharging control and greater flexibility to treat customers fairly.”
“Merchants have asked for PLS for years, but it until now, it’s been nearly impossible for them to do so compliantly. We’re excited to deliver on their needs for more fair and accurate surcharging with the launch of the industry’s first and only compliant PLS service.”
Our Take:
The launch of InterPayments' Product Level Surcharging (PLS) service marks a significant milestone in the payments industry. By offering a compliant and flexible solution, InterPayments addresses a long-standing need among merchants for more accurate surcharging. This innovative service not only ensures compliance with complex regulatory requirements but also empowers merchants to manage processing fees effectively. The contractual compliance guarantee further strengthens InterPayments' position as a trusted leader in the payments technology space. With the PLS service, merchants can now recover costs more efficiently while providing a fair and transparent experience for their customers.