Overview of Merchant Fees

 

Read More

What is Interchange?

Read More

Steps Involved in an Online Transaction

Read More

The Credit Card Transaction Sequence

Here is the sequence of steps in a typical credit card transaction: 1. Consumer -> Merchant 2. Merchant -> Acquirer 3. Acquirer -> Credit Associations 4. Credit Associations -> Issuer 5. Issuer -> Credit Associations 6. Credit Associations -> Acquirer 7. Acquirer -> Mer

Read More

The Structure of a Credit Card

The ANSI Standard X4. 13-1983 is the system most commonly used by card companies. The breakdown of the credit card:

Read More

How the Merchant Services Industry is Designed

Visa and Mastercard are the most well known payment services. These two companies are set up as member institutions, that's why they're known as bankcards. In order to become a customer of Visa and Mastercard, you have to be a financial institution such as a bank. Member banks need to offer cash

Read More

Merchant Services Industry History

History of Credit: Let' start in 1730 when Christopher Thornton sold furniture that could be purchased over a period of time. Then from the 18th century to the early 20th century, tallymen were very popular. These tallymen sold clothes in exchange for small weekly payments. They

Read More

The Merchant Services Industry Overview

This industry is an ever-changing market, with new regulations and advancements continually, it's important to be well informed. The merchant services industry is known by many titles: bankcard industry, merchant processing industry, transaction processing industry, payment processing industry, the

Read More

Currency Specific Pricing Breakdown

  Currency Spe

Read More

Geo Discount Pricing Breakdown

  Geo Discount Pri

Read More