The process by which a business collects payment from a credit card transaction involves two steps, authorization and settlement, and three key players: customer, issuing bank and merchant. Many, or ...

Local retailers get equal billing with national merchants like Walmart in a new merchant-funded rewards program developed by credit unions. As merchants seek alternatives to paying swipe fees ...

Learn how credit card posting affects your transaction timeline, the differences between transaction and post dates, and how it impacts your account balance and payments.

Merchant accounts are essential if you want to run a business that accepts debit and credit card payments. Not doing so can impede on your ability to attract customers and grow your business. Luckily, ...

The way it works in the credit card industry, the acquirer owns the POS terminal and rents it to the merchant, who places it in its physical premise. Ergo, even though the common man sees a "POS ...

Many credit card issuers, including American Express, Bank of America, Chase and Citi®, provide cash-back offers that can be added to eligible credit cards. For instance, with Citi, these offers are ...

Welcome to the exciting world of payments! In this fascinating industry, acquiring is a key aspect. But what exactly is merchant acquiring? And how does it differ from an issuing bank or a payment ...

The Federal Reserve is preparing a proposal that would lower the fees merchants pay to many banks when consumers shop with debit cards. Today, merchants pay large card issuers 21 cents plus 0.05% of ...

Merchants are increasingly levying surcharges on purchases made with credit cards to help offset processing fees, a new study from J.D. Power finds. Some 34% of merchants surveyed are adding ...