by card1 | May 5, 2025 | Regulations regarding Interchange Fees
Introduction In the United States, the regulatory landscape regarding interchange fees has been shaped primarily through the Federal Reserve’s implementation of the Durbin Amendment, part of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The...
by card1 | Apr 1, 2025 | MCC Codes
Introduction Merchant Category Codes (MCC) are four-digit numeric codes assigned to businesses by credit card networks, including Visa, Mastercard, American Express, and others. These codes classify businesses based on the type of goods or services they provide,...
by card1 | Mar 3, 2025 | Virtual Terminals
Introduction In the rapidly evolving landscape of technology, virtual terminals have emerged as a crucial component for efficiently managing communication between users and systems. Virtual terminals, often referred to as virtual consoles or virtual serial ports,...
by card1 | Dec 2, 2024 | The Rise of Social media Commerce
Introduction In recent years, the landscape of retail has transformed dramatically due to the rise of social media commerce. This innovative approach melds online shopping with social interaction, paving the way for brands to create engaging shopping experiences...
by card1 | Nov 4, 2024 | Tiered Pricing Model
Introduction Tiered pricing is a common pricing model that categorizes transaction fees into different tiers based on the perceived level of risk or type of transaction. This model serves as a way for payment processors to manage the costs associated with processing...
