By John Robinson
I just came across something I’m sure you’ll all love: the potential for merchants as a group to negotiate interchange fees with the Visa and MC member banks! There’s a bill being looked at by the Judiciary Committee Antitrust Task Force called “U.S. House of Representatives bill 5546 [...]
I know a few posts ago I wrote there was no effect on your discount rate whether you enter the CVV2 code or not. That is true for Visa and MasterCard but does not appear to be the case with keyed in Discover Card transactions. I just reviewed a Discover statement for a mail order [...]
I received a very nice, unsolicited testimonial today. This is from my main point of contact at one of my favorite clients, Horizon Moving Systems in Tuscon, AZ. This is what Susanna Main e-mailed me after we fixed an issue with their virtual point of sale:
“Robb, this is why EVERYONE wants to work [...]
I just asked for my first testimonial from a client of mine. After reading what she wrote I think I need to start asking for more of these! Allow me to show off a little:
"I have been in the business world for over 25 years. In that time I have had the pleasure (and pain) [...]
The Issuing Bank is the financial institution that extends credit to a card holder through credit card accounts. The financial institution issues a credit card and bills the card holder for purchases against the bankcard account.
Here is wikipedia’s defenition for Issuing Bank .
An acquiring bank (or acquirer ) is the bank or financial institution that accepts payments for the products or services on behalf of a merchant. The term acquirer indicates that the bank accepts or acquires transactions performed using a credit card issued by a bank other than itself.
The acquiring bank’s contract with the merchant is [...]
