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Industry Related Resources & Information

Buy Rate

The acquiring bank’s fee; it is equal to interchange (which is paid to the issuing bank) plus the acquiring bank’s markup. Think of it as

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Whaling

Phishers pose as trusted entities (such as banks or credit card companies) and, using e-mail and text messaging, con consumers (and increasingly businesses) into providing

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Third Party Agent (TPA)

A Visa Inc. term for an entity that provides payment-related services, directly or indirectly, to Visa clients or merchants within the United States and Canada.

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Sponsor Bank

A federally insured financial institution responsible for connecting merchants to Visa Inc. and MasterCard Worldwide authorization and settlement systems. Also called an acquiring bank, merchant

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Remittance Card

A card that enables the user to transfer funds to another party, normally overseas, and often in another currency. No bank is required to transfer

Read More »

Buy Rate

The acquiring bank’s fee; it is equal to interchange (which is paid to the issuing bank) plus the acquiring bank’s markup. Think of it as

Read More »

Whaling

Phishers pose as trusted entities (such as banks or credit card companies) and, using e-mail and text messaging, con consumers (and increasingly businesses) into providing

Read More »

Sponsor Bank

A federally insured financial institution responsible for connecting merchants to Visa Inc. and MasterCard Worldwide authorization and settlement systems. Also called an acquiring bank, merchant

Read More »

Remittance Card

A card that enables the user to transfer funds to another party, normally overseas, and often in another currency. No bank is required to transfer

Read More »