Interchange Interchange is a term used in the payment card industry to describe a fee paid between banks for the acceptance of card based transactions. Usually it is a fee that a merchant’s bank (the “acquiring bank”) pays a customer’s bank (the “issuing bank”). In a credit card or debit card transaction, the card-issuing bank in a […]
Industry Terms: Interchange Read More »
This is the latest installment in The Official Merchant Services Blog’s Knowledge Base effort. Well we want to make the payment processing industry’s terms and buzzwords clear. We want to remove any and all confusion merchants might have about how the industry works. Host Merchant Services promises: the company delivers personal service and clarity. So we’re going
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We’ve been working hard the past 7 months at The Official Merchant Services Blog to offer our readers a knowledge base — a place to come frequently to get clear and useful information about the payment processing industry. But we’re always looking to take things a step further. We want to offer more information and
The Official Merchant Services Blog has two news items related to Host Merchant Services and the transaction processing industry to announce today. PCI Compliance Initiative First, Host Merchant Services would like to announce its PCI Compliance Initiative is kicking into high gear with a new special offer from its partner HostMySite.com. Host Merchant Services is
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