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Industry Related Resources & Information

QR code

An abbreviation for quick response code. It is a type of two-dimensional code, also called a matrix bar code, that has large data storage capacity

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POS System

A system for managing the sale of retail goods. Short for point of sale system, the term refers to the hardware and software that enable

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Merchant Discount

Consists of interchange fees charged to merchants by issuing banks for the ability to accept bankcard transactions combined with fees charged to merchants by acquirers

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Chargeback

When a cardholder’s bank (issuer) reverses all or part of a card transaction back to the merchant bank (acquirer), which typically kicks the transaction back

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QR code

An abbreviation for quick response code. It is a type of two-dimensional code, also called a matrix bar code, that has large data storage capacity

Read More »

POS System

A system for managing the sale of retail goods. Short for point of sale system, the term refers to the hardware and software that enable

Read More »

Merchant Discount

Consists of interchange fees charged to merchants by issuing banks for the ability to accept bankcard transactions combined with fees charged to merchants by acquirers

Read More »

Chargeback

When a cardholder’s bank (issuer) reverses all or part of a card transaction back to the merchant bank (acquirer), which typically kicks the transaction back

Read More »