The Electronic Transactions Association maintains that Visa Inc. did not give the acquiring industry sufficient notice of the new Fixed Acquirer Network Fee, but the card brand says it did.

In a March 7 letter to Visa’s chairman, Joseph Saunders, the Washington-based association complained of having just 36 working days to adjust to the fee’s technical requirements and public-relations fallout.

Limited Time Offer

Save over $700 on your subscription. Special offer expires April 30, 2017.

14-Day Free Trial

Authoritative analysis and perspective for every segment of the industry