Tag Archives: Visa

Visa and MasterCard Processing Statistics

With the latest financial results being releases by Visa and MasterCard today, we decided to crunch some numbers. Why? Simply because these numbers are fun and interesting to us! Number of credit cards with the Visa brand on them: 1.7 billion Number of credit cards with the Mastercard brand: 959 million Number of transactions processed by [...]
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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 [...]
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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 [...]
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