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2. Payment processor - Wikipedia

   en.wikipedia.org/wiki/Payment_processor

   Payment processor. A payment processor is a system that enables financial transactions, commonly employed by a merchant, to handle transactions with customers from various channels such as credit cards and debit cards or bank accounts. They are usually broken down into two types: front-end and back-end. Front-end processors have connections to ...

3. 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 ...

4. 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 ...

5. Lower Mastercard and Visa Swipe Fees Are Coming - AOL

   www.aol.com/lower-mastercard-visa-swipe-fees...

   Currently, swipe fees average about 2% per transaction and are only lowered by “at least 0.04 percentage points.”. This means on a $100 sale, the $2 fee will be reduced to a maximum of $1.96 ...

6. Braintree (company) - Wikipedia

   en.wikipedia.org/wiki/Braintree_(company)

   Number of employees. 500+ (2016) Parent. eBay (2013–2014) PayPal (2014–present) Website. braintreepayments.com. Braintree is a Chicago-based company that primarily deals in mobile and web payment systems for e-commerce companies. The company was acquired by PayPal on September 26, 2013.

7. Visa, Mastercard Will Lower Credit Card Fees — How It ... - AOL

   www.aol.com/visa-mastercard-lower-credit-card...

   MarketWatch reported that Visa and Mastercard will lower published credit-card interchange fees by four basis points in the U.S. for at least three years. The two companies also won’t raise ...

8. 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 ...

9. Payment gateway - Wikipedia

   en.wikipedia.org/wiki/Payment_gateway

   A payment gateway is a merchant service provided by an e-commerce application service provider that authorizes credit card or direct payment processing for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar. [1] The payment gateway may be provided by a bank to its customers, but can be provided by a specialised ...