General Payment Industry Concepts
The customer is the one who receives the card from the issuer. They initiate the transactions by purchasing goods or services from the merchants. The...
Fri, 2 Mar, 2018 at 5:39 PM
The interchange fee is paid by the merchant to the acquirer for processing transactions. The pricing for this fee can be either following the interchange ++...
Fri, 19 Jul, 2019 at 3:53 PM
The blended rates are a pricing model for the interchange fees charged by the acquirers for processing transactions on behalf of the merchants. Unlike ...
Mon, 22 Jan, 2018 at 1:18 PM
Dynamic Currency Conversion (DCC) is a process where the amount of a Visa/MasterCard transaction is automatically converted into the currency of the payment...
Mon, 22 Jan, 2018 at 1:18 PM
Multi-currency pricing is a process whereby the customer can choose from a menu the currency of the transaction. The customer is presented with the price of...
Mon, 22 Jan, 2018 at 11:16 AM
Payment optimisation is an essential aspect of payment processing for all merchants seeking to create value by reducing the payment processing costs and inc...
Mon, 22 Jan, 2018 at 1:24 PM