transactions – Arkansas News Network

DFA reduces credit card fees for Revenue Office transactions

admin9 months ago01 mins

The Arkansas Department of Finance and Administration (DFA) has announced a significant reduction in credit card fees for all revenue office transactions, dropping from 2.75% to 1.6% with no minimum charge. This move aims to enhance accessibility and affordability of financial transactions for citizens, ultimately saving them an estimated .4 million annually. Along with the fee reduction, the DFA is introducing more than 800 new payment terminals in Revenue Offices to modernize the payment process and improve the overall user experience.

AMP 2024 Companies of Distinction: First National Title Co. Arkansas Money & Politics

admin9 months ago02 mins

Arkansas Money & Politics has honored First National Title Co. as one of its 2024 Companies of Distinction, showcasing the state’s diverse business landscape. With 25 locations across Arkansas, First National Title is known for its seamless real estate services for families and investors. Their efficient, user-friendly approach sets them apart as a top choice for navigating real estate transactions with ease, making them a trusted partner in the industry.

Real Deals: Centerton duplexes built in 2022 change hands for million

admin10 months ago03 mins

Centerton duplexes have recently sold for millions, showcasing the volatility of the real estate market. Experienced agents play a vital role in navigating complexities to ensure a profitable transaction. Strategic property investments can generate significant annual income, making it crucial to stay informed about market trends for future opportunities.

DFA announces reduction in credit card processing fees for Revenue Office transactions

admin10 months ago03 mins

Arkansas has recently implemented measures to reduce credit card fees for transactions at its Revenue Office, aligning with a wider trend aimed at alleviating the financial burden of accepting credit card payments. Efforts by federal authorities to negotiate lower transaction fees with major credit card companies like Visa and Mastercard have also been fruitful, benefiting small businesses struggling with processing costs. Legislative initiatives, such as the Congressional Credit Card Competition Act, are working towards increasing competition in the credit card market to lower fees for businesses and consumers. Visa’s recent changes to its surcharging policies, limiting credit card surcharges to 3% or the actual processing cost, are expected to make credit card payments more cost-effective for businesses. The debate around credit card fees continues, with a focus on transparency and consumer protection to create a more equitable environment for all parties involved.