June was a relatively normal month in the processing world. Every story since Global’s announcement to acquire Worldpay back in April seems a bit tame—as that one will be tough to top.
That said, there’s still a lot happening that merchants need to be aware of.
Here’s a roundup of the most noteworthy headlines and payment news from June:
Payment Security Keys Must Be Updated by July 1, 2025
All 1408-bit payment security keys MUST be removed and updated with 1984-bit keys by July 1st. Failure to update these will result in declined transactions.
The 1408-bit keys actually expired back in December. But the card networks offered a grace period for merchants who didn’t update their systems right away.
Your updated 1984-bit keys will be valid until December 2034, so you won’t have to worry about this again for a while. Read the full details here.
Mastercard is Rolling Out a New Clearing Controls Program
On July 11th, Mastercard is officially launching its new clearing controls program.
Called “InControl,” this program is designed for cards enrolled by issuing banks. MCC codes and transaction amounts need to match during the submission process and approved authorization stage, or deposits could be rejected. More updates here.
Shift4 Announced Another Rate Increase
Shift4 will begin charging a Month End Billing Fee of 0.02% (2 basis points) on total volume starting in July.
This announcement comes just a couple of months after a 0.05% + $0.03 per transaction increase that went into effect in March.
Two increases in the first half of the year are obviously not ideal for merchants. While the new 0.02% Month End Billing can be avoided by switching to Daily Billing, this can be a major accounting headache for most businesses.
So if you’re using Shift4, contact our team at MCC for alternative options. We can help negotiate your rate directly with Shift4 so you can save money without switching providers.
More Insights:
North Carolina Bill to Regulate Surcharging Continues to Make Progress
North Carolina House Bill 13 was initially introduced back in January. But the House reviewed it twice again in June, showing favorable signs that it will pass and become law.
If HB 13 goes into effect, credit card surcharge fees in North Carolina will be capped at 3% of the transaction or the merchant’s cost of processing (whichever is less). The bill also outlines new disclosure requirements for both in-person and online transactions in the state.
Assuming it passes, these rules will take effect on October 1, 2025.
We’ll continue monitoring this and updating our North Carolina Surcharge Laws page as new information becomes available.
Visa Launches A2A Payments in the UK
Visa rolled out its new account-to-account (A2) payments feature in the UK. What sets this apart from traditional A2A offerings is a guarantee.
Traditional A2A payments are low-cost but carry settlement and fraud risks that most merchants aren’t comfortable with. So this new offering supports real-time payments with another layer of guarantees—making it a more viable option for businesses to adopt. Read more.
Worldpay Enables Paze
Worldpay and Early Warning Services announced a new partnership to enable Paze as a checkout option for merchants.
Paze is an online checkout solution that’s designed to simplify payment processing by consolidating multiple cards into a single digital wallet without requiring consumers to download additional apps. Here’s the full press release.
PayPal and Mastercard Partner to Co-Develop Single Credential Solution
Mastercard and PayPal are partnering to co-develop features using Mastercard’s One Credential—a solution that enables consumers to use a single credential when shopping online or in-store.
This can ultimately help reduce friction from the user experience while boosting security. It can eliminate the need for manual card entry or switching between payment apps.
Stripe Acquires Privy
Stripe has acquired Privy to help support and expand the company’s crypto ambitions.
The acquisition will allow Stripe to offer more secure onboarding and authentication tools for crypto wallets and decentralized apps. This aligns with Stripe’s continued investment and long-term vision for crypto payments within its infrastructure.
Here’s the press release.
Global Payments and Sage Launch Embedded Vendor Payments
Global Payments and Sage are partnering to roll out a new embedded B2B payment feature within Sage’s accounting platform.
This integration allows businesses to pay vendors directly from their accounting dashboard using multiple payment methods. Businesses already using Sage can use this feature without having to worry about third-party platforms or API setups.
Visa and Worldpay Expand Partnership to Fight Fraud
Worldpay expanded its partnership with Visa to help enhance the company’s 3D Secure solution. This helps merchants reduce fraud while reducing customer friction and improving authorizations.
The improved 3D Secure solution from Worldpay passes authentication data to issuers, helping merchants keep approval rates high and transactions secure.
PayPal Enhances its Online Credit Card With a New Physical Card
PayPal is bringing its virtual credit card into the physical world.
The new card, tied to PayPal’s existing online credit line, can now be used for in-store purchases wherever Mastercard is accepted.
Here’s the official announcement.
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