08th September 2008
Recurring payment plans are entered into when consumers authorize merchants to charge their credit or debit cards a pre-determined amount on a regular basis (monthly, quarterly or yearly). A typical recurring payment plan is a telephone service or an in...
08th September 2008
The process of underwriting of card processing accounts (also known as merchant accounts) is done by processing banks that are members of the Credit Card Associations of Visa and MasterCard. The underwriting process consists of evaluating the risks, assoc...
08th September 2008
Merchants operating in certain industries are prohibited from establishing merchant accounts for accepting credit card payments in the U.S. The decision on who exactly is to be included in this "black list" is made by the Credit Card Networks of Visa and ...
08th September 2008
The establishing a merchant account solution is a pretty straightforward process. The first step is requesting a pricing proposal. The pricing will be dependent on various factors, such us method of accepting payments, total processing volumes, average sa...
19th August 2008
Card security codes were implemented and are used by all Credit Card Companies and Associations as an additional anti-fraud tool. Card security codes are the three-digit numbers found in the signature panels on the back of Visa, MasterCard and Discover ca...
17th August 2008
When setting up an eCommerce merchant account, businesses need to be aware of the details that affect the processing cost and the security of sensitive personal information. It is important that you understand what the processing risks are and adjust you...
17th August 2008
We live in a global economy and cross-border transactions are, for some of us, an everyday occurrence. It is important to know what choices are available to us for accepting international payments and settling in foreign currencies.
The Credit Card As...
