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2. EFTPOS - Wikipedia

   en.wikipedia.org/wiki/EFTPOS

   In Australia, eftpos is the name of a proprietary domestic debit payment system launched in the 1980s, owned by eftpos Payments Australia Limited (ePAL) [2] (now Australian Payments Network) [3] that accepts bankcards or debit cards at POS "point of sale"" terminals, ATMs and most recently, online via eCommerce.

3. BancNet Payment System - Wikipedia

   en.wikipedia.org/wiki/BancNet_Payment_System

   BancNet does not charge rental or membership fees for retail merchants; instead, it charges interchange fees or a merchant discount rate for every successful debit transaction coursed through its system. Currently, BancNet's average merchant rate is about 1.0% net, while the average Visa/Mastercard credit and signature debit card merchant rate ...

4. Interchange fee - Wikipedia

   en.wikipedia.org/wiki/Interchange_fee

   Interchange fee is a term used in the payment card industry to describe a fee paid between banks for the acceptance of card-based transactions. Usually for sales/services transactions it is a fee that a merchant's bank (the "acquiring bank") pays a customer's bank (the "issuing bank").

5. Visa and Mastercard agree to $30 billion settlement that will ...

   www.aol.com/visa-mastercard-agree-30-billion...

   The settlement is set to lower swipe fees merchants pay when customers make purchases using their Visa or Mastercard by $30 billion over five years, according to a press release announcing the ...

6. Payment terminal - Wikipedia

   en.wikipedia.org/wiki/Payment_terminal

   PAX Technology S90 credit card terminal with a Visa card inserted.. A payment terminal, also known as a point of sale (POS) terminal, credit card machine, card reader, PIN pad, EFTPOS terminal (or by the older term as PDQ terminal which stands for "Process Data Quickly" [1]), is a device which interfaces with payment cards to make electronic funds transfers.

7. Foreign transaction fees vs. currency conversion fees: What ...

   www.aol.com/finance/foreign-transaction-fees-vs...

   The merchant’s payment service provider usually sets these fees, which typically include a markup benefiting both the provider and the merchant. ... However, with a 12 percent DCC fee, you’ll ...