Decoding the MCC: How Merchant Category Codes Determine Merchant Status & More
Credit card processing is not a simple topic by any stretch of the imagination.
There are lots of rules, counter rules, and codes to remember.
Banking Articles
Issuer Declines
7 Reasons Why Issuer Declines Happen & How to Respond
Few things are more frustrating for merchants than a declined credit card transaction.
You lose revenue from the canceled sale. But, you could be on the hook for additional fees and penalties if you try to process payment without authorization.
8-Digit BIN Mandate
What You Should Know About the Adoption of 8-Digit BIN Codes
There was once a time when most phone calls could be made by dialing only 7 digits.
That setup worked fine for an era in which one phone number per household was the norm.
Merchant Identification Number
Merchant Identification Number: What is a MID & Why Does it Matter?
Ever wondered how the funds from a transaction make it from the cardholder’s bank to your merchant account? How do all the different players involved in a transaction make sure that money ends up in the right place?
My Bank Account is Under Investigation
Asking Yourself ‘Why my Bank Account is Under Investigation?’ One of These Could be the Reason.
It can be scary when your bank account is under investigation. You’re wondering if you could be out hundred—or even thousands—of dollars.
Internet Processing
Internet Processing: Understanding its Role in the eCommerce Process
Internet processing of credit card payments is a bit different from how we handle card-present transactions. Whether you’re new to credit card acceptance, or a brick-and-mortar retailer interested in establishing an online store,
Issuer vs Acquirer
What's the Difference between an Issuing Bank vs Acquiring Bank?
Every payment card transaction involves two key players: the issuing bank, representing the cardholder, and the acquiring bank, which represents the merchant. That’s not to say it’s a clear-cut contest of issuer vs acquirer,
Interchange Fee
How the Interchange Fee Assessed by Banks Affects Merchants
Interchange fees—often called “swipe fees”—are a cost that merchants pay for the privilege of accepting credit card payments. The amounts are set and by card brands like Visa and Mastercard and assessed by issuing banks as a fee for maintaining the network used to conduct payments.
TC40 Data
What is TC40 Data? Can it Help You Prevent Fraud & Chargebacks?
Every merchant wants to get a leg-up in the fight against fraud and chargebacks. Some believe that TC40 data is the “silver bullet” that can help stop chargebacks before they happen.
Visa Issuer Monitoring Program
The Visa Issuer Monitoring Program Is Now in Effect.
We’ve recently discussed changes to the Visa chargeback threshold and fraud threshold on our blog. While the rules are tightening for merchants, the same could be said for issuers,