imported>Doug Williamson |
imported>Doug Williamson |
| Line 1: |
Line 1: |
| 1. ''Payments - cards - charges.''
| | Ring-fenced financing vehicle. |
| | |
| Interchange fees or charges relate to credit cards, debit cards, and other cards.
| |
| | |
| Interchange charges are levied by the merchant acquiring company (normally a bank or other financial institution that "buys” the transactions from the retailer at a discount).
| |
| | |
| They include transaction fees for debit cards and turnover fees for credit cards charged by the card acquirer that processes card payments on behalf of the retailer.
| |
| | |
| Interchange charges are often negotiable and depend on the volumes of transactions, the average transaction size, the method of processing and the credit quality of the transactions.
| |
| | |
| | |
| 2. ''Information technology.''
| |
| | |
| The transmission or exchange of electronic information, usually following a prescribed format such as ASCII.
| |
| | |
| | |
| 3. ''Exchange and substitution.''
| |
| | |
| Any mutual transfer or substitution, either virtual or physical.
| |
| | |
| | |
| == See also ==
| |
| * [[Acquirer]]
| |
| * [[ASCII]]
| |
| * [[Credit]]
| |
| * [[Credit card]]
| |
| * [[Debit card]]
| |
| * [[Emerging Payments Association]]
| |
| * [[Information technology]]
| |
| * [[Pay]]
| |
| * [[Payment]]
| |
| * [[Payments and payment systems]]
| |
| * [[PSOR]]
| |
| * [[Receipt]]
| |
| * [[Remittance]]
| |
| | |
| [[Category:Accounting,_tax_and_regulation]]
| |
| [[Category:The_business_context]]
| |
| [[Category:Identify_and_assess_risks]]
| |
| [[Category:Manage_risks]]
| |
| [[Category:Cash_management]]
| |
| [[Category:Financial_products_and_markets]]
| |
| [[Category:Liquidity_management]]
| |
| [[Category:Technology]]
| |
