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A merchant plug-in (MPI) is a software module designed to facilitate 3-D Secure verifications to help prevent credit card fraud. [1] The MPI identifies the account number and queries the servers of the card issuer (Visa, MasterCard, or JCB International) to determine if it is enrolled in a 3D-Secure program and returns the web site address of the issuer access control server (ACS) if it is ...
Merchant Account Providers give businesses the ability to accept debit and credit cards in payment for goods and services. This can be face-to-face, on the telephone, or over the internet. Credit cards have become the preferred method of payment in today's market, making a merchant account essential for most businesses.
Mastercard Inc., stylized as MasterCard from 1979 to 2016 and as mastercard from 2016 to 2019, is an American multinational payment card services corporation headquartered in Purchase, New York. [3] It offers a range of payment transaction processing and other related-payment services (such as travel-related payments and bookings).
Visa Inc. (/ ˈ v iː z ə, ˈ v iː s ə /) is an American multinational payment card services corporation headquartered in San Francisco, California. [2] [5] It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards and prepaid cards.
A payment gateway is a key party, responsible for online transactions, passing card data from consumer to merchant, and to a relevant bank through the card scheme. The process usually takes place at POS terminals in retail locations, or by means of online payment services for websites. A payment gateway imparts whether the charge has been ...
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A qualified rate is the percentage rate a merchant will be charged whenever they accept a regular consumer credit card and process it in a manner defined as "standard" by their merchant account provider using an approved credit card processing solution. This is usually the lowest rate a merchant will incur when accepting a credit card.
In 2010, the People's Bank of China issued administrative measures regarding online non-financial payment services. [9]: 33 These measures retroactively recognized the legal status of online third-party payment platforms like Alipay. [9]: 33 Prior to the 2010 measures, these services existed in a legal grey area. [9]: 32