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Posted by admin on May 31, 2010

 

Payment Processing Solution

To provide an incentive for issuing banks to issue more cards and acquiring banks to add more merchants and thus expand the network, the bank card brands established interchange.  Interchange allocates the costs and revenues of the completed transaction between the issuing bank and acquiring..

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Posted by admin on May 11, 2010

 

Fraud is Rampant OnlineFraud is exploding on the internet. Cybercriminals constantly hunt for vulnerable ecommerce sites.  Every day fraudsters exploit unwary merchants and steal millions. And, it’s not just thieves. “Friendly fraud” comes from real buyers who simply know how to work the..

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Posted by admin on Apr 27, 2010

 

Okay, get your mind back on track here.  We’re talking about front and back ends in payment processing.Certainly not as interesting as your original thoughts, I’m sure.These terms are tossed about by merchant account providers.  If you want to impress, mention them yourself.  If you want to..

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Posted by admin on Nov 09, 2009

 

According to research firm Aite Group U.S. payment card issuers lost nearly $4 billion in charge volume in 2008, including $78.7 million in interchange, due to problems cardholders had with their cards while traveling abroad. The issues Americans have with cards while traveling can be divided into..

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