August 23, 2010
MasterCard acquires DataCash for $520 million in cash The company said Thursday that it will pay $520 million in cash for DataCash Group, which provides merchants with electronic payment and fraud prevention services.
June 17, 2010
New IRS Reporting Requirements for Business Introduction & Overview The Housing and Economic Recovery Act of 2008 is a new federal
June 10, 2010
NCR to Acquire Radiant Systems Processor NCR and Radiant Systems have announced a definitive agreement for NCR to acquire Radiant Systems for $1.2 billion.
The process of verifying the credit card has sufficient funds (credit) available to cover the amount of the transaction. An authorization is obtained for every sale. An approval response in the form of a code sent to a merchant's POS equipment (usually a terminal) from a card issuing financial institution that verifies availability of credit or funds in the cardholder account to make the purchase. Also see Point-Of-Sale.
<< BackCalculate your "true rate" by entering the information below. Include Visa, MasterCard and Discover. Exclude American Express.
The result is your true rate or overall effective rate. It includes all amounts you pay to Visa, MasterCard and Discover (interchange rates), as well as your Processor's fees.
Is your true rate higher than you anticipated? If so, your profits are affected. Call Revolution Payment Systems at 1-888-790-3450, and let us show you how you can reduce those fees.
Revolution provides you a very powerful and free tool to track your key business metrics and trends. For up to 36 months of volume, you get a clear view of payment types average purchases and number of transactions.
View Allwww.revolution-payments.com Revolution Payment Systems is an Elavon Payments Partner & Registered ISO/MSP of US Bank Minneapolis, MN