What’s a BIN?
A bank identification number (BIN) is the first set of four-to-six numbers that appear on a credit card. The first number indicates the specific …
January 22, 2022
Q: What is a MCC?
A Merchant Category Code (MCC) is a four-digit number that indicates a merchant’s line of business, along with the types of goods or services the merchant
January 19, 2022
Q: What is an acquirer?
An acquirer, or an acquiring bank, works directly with merchants to ensure timely processing and payments of credit card transactions. Acquirers also oversee compliance with
January 17, 2022
Q: What is a representment?
A chargeback occurs when a consumer disputes a charge on their credit or debit card, and a representment is the merchant’s opportunity to counter the
January 15, 2022
Q: What is a chargeback?
When a consumer does not agree with a transaction on their credit or debit account, they can contact their bank to dispute the transaction. Consumer
January 13, 2022
Q: What’s the difference between a CP merchant and a CNP merchant?
A Card Present (CP) merchant engages in transactions where the cardholder physically presents the card at the point of purchase. This allows the merchant to
January 2, 2022