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SecureCode is Mastercard’s “3D Secure” technology solution. It’s designed to help prevent fraud and unauthorized purchases by adding a layer of customer authentication. Unfortunately, 3D Secure is not very common in the United States. However, properly implementing it can benefit your business not only in terms of reduced fraud, but also by lowering your interchange …
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First of all, I’m referring to the lawsuit formally named In Re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation. You may also see it called the Payment Card Interchange Fee Settlement, which should be the return address. It’s a good idea to verify that any paperwork you’ve received matches this information. Unfortunately, there …
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Specifically, Mastercard does not have a restaurant-specific category for basic consumer credit cards. However, it does have restaurant-specific categories for consumer “rewards” cards, debit cards, and prepaid cards. In this article, we’ll take a look at the credit card rates for restaurants that accept Mastercard. Looking for a more general explanation of credit card processing …
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It’s Mastercard’s way of referring to common “card not present” transactions, meaning online and keyed payments. It applies to several possible card types (including credit, debit, and prepaid) and both rewards and non-rewards cards. It does not apply to “card present” transactions where you swipe a card through a terminal and typically receive Merit III …
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“Card not present” or CNP refers specifically to any transaction that is not swiped (for magnetic stripe cards), dipped (for EMV chip cards) or tapped (for contactless payment methods like Apple Pay.) If you don’t physically run a card through a machine using one of those methods, the card is considered “card not present.” If …
CPS Car Rental and CPS Hotel – Card Not Present Interchange Read More »
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We’re also including “CPS Passenger Transport” (such as airlines, cruises, and railways) interchange categories in this article. The reason is that all of these industries fall under “travel and entertainment” and many have the same requirements and rates despite the different business types. These categories only apply to “card present” transactions made with prepaid cards …
CPS Hotel and CPS Car Rental Card Present Interchange Read More »
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For the purposes of interchange, “international” cards are credit and debit cards issued by a bank located outside of the United States. Visa also sometimes refers to the cards and interchange as “interregional” instead of international. These categories apply to both international credit and debit cards in a “card not present” (CNP) transaction. They do …
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Interchange fees make up the bulk of total credit card processing costs. The specific interchange category that will apply to any given transaction depends on the card type and other factors. These international card present categories refer to credit cards issued outside the United States, but used in-person at a U.S. business. Many U.S. businesses …
International Card Present Credit – Visa Interchange Read More »
