A credit card block is the reservation of a portion of a credit or debit card balance for the cost of services not yet rendered.
What Is a Merchant Account? A merchant account is a type of... processor is a business that facilitates the acceptance of credit and debit card payments. Do I Need a Merchant Account?...
An interchange fee is a small amount of money a merchant pays, mostly to card issuers, when you buy something with a credit or debit card. Learn how interchange fees work.
A credit card issuer is a bank or credit union that offers credit cards, often utilizing payment processing networks like Visa and Mastercard.
This definition of merchant accounts describes how credit and debit card transactions are handled by business and how to get a one.
Contactless credit cards are becoming more common in the U.S. But with any new technology shift comes a myriad of questions: How do these cards work? Is the technology secure? Which banks issue contactless cards? Since most major card issuers have contactless cards now, it’s important to know how they’re used and their benefits and drawbacks. “Contactless payment” refers to a no-touch or tap-to-pay form of payment using a credit, debit or gift card on a point-of-sale system equipped with the adequate technology. Contactless-equipped car ...
Getting a credit card is a financial rite of passage. If you're new to credit cards, here's how to use them and what mistakes to avoid.
What Is a POS? A POS, or point of sale, is a device that enables merchants to process... Normally, there are two options: pay with cash or a card. Cash payments involve either inserting the...
Card-not-present fraud is a type of scam that is committed without a physical card being presented to a merchant. Learn how it works and how to avoid it.
A credit card lets you make purchases on credit while building credit and earning rewards. Learn how to use this tool efficiently to reach your goals.