Types of Card Payments There are three main types of payment card transactions: credit, signature debit, and PIN debit. For PIN debit transactions cardholder charges are posted immediately following the receipt of the authorization message. For credit and signature debit transactions, the issuer..

What is Interchange? Interchange fees are a percentage of each credit or debit card transaction paid by the merchant’s bank and paid to the card user’s bank Interchange makes up most of the fees that merchants pay to their banks for processing card transactions. Issuing banks frequently use a..

ID Verification Important for High Ticket Sales  Identify verification is particularly important to high risk merchants selling high ticket items. Merchants selling high end electronics, jewelry, furniture, collectibles and other valuable merchandise are especially prone to fraudsters. Merchants..

 Whether it’s due to customer dissatisfaction, ‘friendly fraud’ or outright fraud, being faced with a credit card chargeback is an inevitable part of a ecommerce. If it has happened to you, take some comfort from the fact that you are far from alone. A a recent study from Juniper Research..