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Tag Archives: Visa
The End of Interac Debit?
Jacqueline Chilton at Glenbrook has written a great article reporting on how Visa and MasterCard are trying to take over the Interac Debit network in hopes of converting it to their own system. As can be expected, the Retail Council of Canada is fighting back and lobbying the Canadian government in hopes to stop any [...]
Posted in Credit Card Processing Also tagged Canadian, credit card payments, debit, Interac, MasterCard, Retail Council of Canada 4 Comments
Credit Card Interchange Fees
How do they work? Where do they go? Below are some basic credit card industry terms to get started: Issuing Bank An issuing bank is a Visa (or MasterCard) member bank that issues credit cards to consumers. Most major banks in Canada are issuing banks since they can provide you with credit cards. Processor The [...]
Posted in Credit Card Processing Also tagged card brand, card holder, credit card fees, discount rate, interchange, issuing bank, MasterCard, member bank 1 Comment
Visa and MasterCard Processing Statistics