Florida Department of Financial Services, Division of Agent and Agency Services No Longer Accepting VISA-branded Cards As of December 15, 2010
Nov 18, 2010
The Florida Department of Financial Services, Division of Agent and Agency Services (“Division”) has announced that, effective December 15, 2010, it will no longer accept VISA-branded credit or debit cards.
According to the Division, VISA’s regulations prevent a pass through of the company’s processing fees to a government entity’s customers. Thus, because the Division’s budget limitations prevent these costs from being absorbed, it will no longer accept VISA-branded cards.
However, the Division will continue to accept MasterCard, Discover Card, American Express and eCheck.
Should you have any comments or questions, please contact Colodny Fass.