eWeek is reporting that Visa has announced it is relaxing the fine and fee deadline of September 30th.

Essentially, what this means for non-compliant merchants is that the proposed interchange rate hikes are lessened to simply say that non-compliant merchants will not be eligible for the “best available” tiered interchange rates. However, non-compliant retailers are still facing costs potentially in the millions by not being able to qualify for lower rates during the ever important holiday shopping season.

This post originally appeared on BrandenWilliams.com.

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