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2. Interchange fee - Wikipedia

   en.wikipedia.org/wiki/Interchange_fee

   Interchange fee is a term used in the payment card industry to describe a fee paid between banks for the acceptance of card-based transactions. Usually for sales/services transactions 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 ...

3. List of major credit card issuers and networks - AOL

   www.aol.com/finance/list-major-credit-card...

   Credit card issuers are responsible for card details, rates, fees and perks. ... over 200 countries and territories with a reach of more than 345 million cardholders. ... in the United States ...

4. Payment card interchange fee and merchant discount antitrust ...

   en.wikipedia.org/wiki/Payment_Card_Interchange...

   The payment card interchange fee and merchant discount antitrust litigation is a United States class-action lawsuit filed in 2005 by merchants and trade associations against Visa, Mastercard, and numerous financial institutions that issue payment cards. The suit was filed because of price fixing and other allegedly anti-competitive trade ...

5. List of banks and credit unions in Canada - Wikipedia

   en.wikipedia.org/wiki/List_of_banks_and_credit...

   Merchants' Bank of Canada 1868 1923 Failing in 1921, taken over by the Bank of Montreal in 1922, and merger completed in 1923. [135] [136] Merchants' Bank of Halifax 1864 1901 Merged into the Royal Bank of Canada. [137] Merchants Bank in Montreal 1864 1868 Merged with the Commercial Bank of Canada to form the Merchants Bank of Canada. [138]

6. Merchant category code - Wikipedia

   en.wikipedia.org/wiki/Merchant_category_code

   MCCs are assigned either by merchant type (e.g., one for hotels, one for office supply stores, etc.) or by merchant name (e.g., 3000 for United Airlines [1]) and is assigned to a merchant by a credit card company when the business first starts accepting that card as a form of payment. [2]

7. Surcharge (payment systems) - Wikipedia

   en.wikipedia.org/wiki/Surcharge_(payment_systems)

   Surcharge (payment systems) A surcharge, also known as checkout fee, is an extra fee charged by a merchant when receiving a payment by cheque, credit card, charge card or debit card (but not cash) which at least covers the cost to the merchant of accepting that means of payment, such as the merchant service fee imposed by a credit card company. [1]

8. Plus (interbank network) - Wikipedia

   en.wikipedia.org/wiki/Plus_(interbank_network)

   Plus System, Inc. started out as a consortium formed by 34 major U.S. banks to build a national network of automated teller machines (ATM). It initially was composed of 2,000 ATMs linking 1,000 banks and their customers in 47 states. [ 2] As the booming ATM industry outgrew regional networks and began to go nationwide in the mid-1980s, credit ...

9. E-commerce payment system - Wikipedia

   en.wikipedia.org/wiki/E-commerce_payment_system

   There are varied types of electronic payment methods such as online credit card transactions, e-wallets, e-cash and wireless payment system. [5] Credit cards constitute a popular method of online payment but can be expensive for the merchant to accept because of transaction fees primarily. Debit cards constitute an excellent alternative with ...