Discover, Spire cut merchant processing fees by up to 90%

Payments solutions provider Spire has launched a pay-by-bank solution designed to cut transaction fees and boost consumer rewards. The Pay with Spire platform uses the Discover Network to facilitate ACH point-of-sale transactions with 50%-90% lower merchant processing fees than the respective industry averages of 2.5% and 1.7% for credit and debit card transactions, Matt Brennan, […]