The vast majority of  card transactions combine 2 elements:  authorization and capture.  Once the card information is received, authorization of the amount of the purchase is obtained from the issuing bank, and, if approved, the card is charged.  The transaction is automatically set for..

What is a Descriptor?A descriptor is identifying information about a transaction which appears on buyers’ credit card statements.  Descriptors remind cardholders of the details of the purchase and give buyers a way to contact the merchant.   It is advantageous to both buyers and merchants to..

Combine Payment Processing with Internal SystemsElectronic payment processing is an important part of streamlining business operations.  But, to get the most bang for the buck, organizations should integrate payment processing with internal systems.    Integration with accounting, enterprise..

Card Declines Impact Recurring BillingA new report issued by Javelin Strategy & Research reveals that 28% of all consumers received a replacement debit or credit card in 2009 due to security concerns.  And many of these consumers had more than one card replaced or more than one card..