What is Interchange?

Interchange reimbursement fees are essentially wholesale payment processing rates that businesses pay to the banks that issue credit cards.  It is the term used that gives the details of a schedule of fees for all credit card processing charges. And while there are many various interchange fee categories, they are the same for all businesses […]

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EMV is coming, does your fitness business need it?

EMV.  Chip cards.  Secure terminals.  October EMV mandate!  A lot of confusing terms are flying around in the merchant services and credit card acceptance space.  What is EMV?  It stands for Europay, MasterCard, and Visa, and it really just refers to credit and debit cards that have been secured with chip technology.  You may have […]

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