Payments News

MAGMail - Spring Release Delays Announced

Mar 27, 2020

March 27, 2020

Dear MAG member,

As we all pull together in this evolving environment, MAG has been working on behalf of merchants with the networks and acquirers regarding the timing of the Spring Release. Due to the complexities of implementing changes with many team members working from home, the networks have delayed implementation of their respective releases until July 17, 2020.

We have confirmed with the networks this will include all contemplated price changes and some operational changes. You may also reach out to your acquirers with specific questions on what this change means for you. As we receive more information, we will share updates via MAGMail.

We are appreciative of the work everyone is doing to serve their communities and the networks’ willingness to adjust their business plans to support merchants during the pandemic.

Thank you,
MAG Staff

The Merchant Advisory Group (MAG) was founded in 2008 by a small visionary group of merchants in the payments field dedicated to driving positive change in payments through multi-stakeholder collaboration. The MAG represents 150 of the largest U.S. merchants which account for over $4.4 Trillion in annual sales at over 450,000 locations across the U.S. and online. Roughly $3.9 Trillion of those sales and over 113 Billion card payments are electronic which represents approximately 59%* of total U.S. card volume. MAG members employ over 14 million associates.
*Source of Total U.S. card volumes: Federal Reserve Payments Study 2016

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