EMV Chip Technology
MasterCard, Visa, American Express and Discover have all announced their plans to move forward with EMV-based payments and acceptance. In fact, most Americans who have received a new card in 2014 should have both EMV and magnetic swipe capabilities. The conversion is currently happening but will take a few years for […]
Read MoreSignature Debit vs. PIN Debit
There are two different forms of debit cards: Signature Debit (offline) and PIN Debit (online). Debit cards are linked to the customer’s bank account and generally hold both capabilities of being signature and PIN based. Whether you choose “credit” or “debit” at the POS will determine whether it is an online […]
Read MoreOpt Blue American Express Program
Most merchants that accept American Express today have separate statements, settlements, contracts, and acceptance fees from their primary processor. American Express has also historically charged a higher transaction fee to their merchants than Visa or MasterCard. For these reasons, many merchants have opted to not accept American Express at all at […]
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What is Interchange?
What is interchange? While more and more merchants are becoming familiar with the term “interchange”, some still find it confusing or convoluted when looking at their monthly statements. In the most basic form, interchange stands for the costs of processing and supporting the use of credit cards. Bank card issuers charge […]
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