Credit Card Processing Floor Limit
Floor limit is the amount, specified in the merchant agreement, above which credit card transactions must be authorized before being processed.
View ArticleQualified, Mid-Qualified and Non-Qualified Credit Card Transactions
Credit card transactions are qualified based on the type of card being used and whether the payment is processed according to the merchant agreement.
View ArticleCredit Card Transaction Processing Basics
The processing of a credit card transaction is the result of a series of interactions among several participants: cardholders, issuers, acquirers, merchants.
View ArticleTransaction Authorization Process
Authorization is the first stage of the card payment transaction process. It is the obtaining of permission from the card issuer to accept a card for payment.
View ArticleVerifying Signatures in Credit Card Transactions
Merchants are required to compare signatures on sales receipts to the ones on the back of credit cards and ensure they belong to the same person.
View ArticleSwipely Wants to Broadcast Your Credit Card Purchases
Swipely is entering the increasingly crowded field of social networks who offer users the ability to share their credit card purchases with friends.
View ArticleSubmission, Clearing and Settlement of Credit Card Transactions
The final three stages of the credit card transaction process are the submission, clearing and settlement of the payment.
View ArticleWhat Every Merchant Needs to Know About Splitting Credit Card Transactions
One of the most commonly used tricks for circumventing authorization limits is the splitting of credit card sales amounts; you should avoid doing it.
View ArticleWhat Do Email Spam, Viagra and Credit Cards Have In Common?
95 percent of all email spam-related credit card transactions are processed by only three banks, based in Azerbaijan, St. Kitts and Nevis and Latvia.
View ArticleWhy Do Cab Drivers Hate Credit Cards So Much?
The Nevada Senate is about to pas a law penalizing taxi companies $400,000 every 6 months for charging a $3 fee to credit card-paying customers.
View ArticleHow to Handle Credit Card Transactions at Restaurants
Restaurants need to process card transactions so that credit card rules are complied with, customers are kept satisfied and chargebacks are prevented.
View ArticleA Credit Card Payment Is So Incredibly Simple… Until You Take A Closer Look.
The card transaction process consists of three distinct, but interrelated, stages: authorization, clearing and settlement.
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