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  2. Merchant account - Wikipedia

    en.wikipedia.org/wiki/Merchant_account

    A merchant account is a type of bank account that allows businesses to accept payments in multiple ways, typically debit or credit cards. A merchant account is established under an agreement between an acceptor and a merchant acquiring bank for the settlement of payment card transactions. In some cases a payment processor, independent sales ...

  3. Visa Inc. - Wikipedia

    en.wikipedia.org/wiki/Visa_Inc.

    Visa Inc. ( / ˈviːzə, ˈviːsə /) is an American multinational payment card services corporation headquartered in San Francisco, California. [1] [4] It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards and prepaid cards. [5] Visa is one of the world's most valuable ...

  4. Acquiring bank - Wikipedia

    en.wikipedia.org/wiki/Acquiring_bank

    Acquiring bank. An acquiring bank (also known simply as an acquirer) is a bank or financial institution that processes credit or debit card payments on behalf of a merchant. [1] The acquirer allows merchants to accept credit card payments from the card-issuing banks within a card association, such as Visa, MasterCard, Discover, China UnionPay ...

  5. Merchant category code - Wikipedia

    en.wikipedia.org/wiki/Merchant_category_code

    Merchant category code. A merchant category code ( MCC) is a four-digit number used for retail financial services to classify a business by the types of goods or services it provides. Codes are specified by the ISO 18245 standard.

  6. Changes from Visa mean Americans will carry fewer physical ...

    www.aol.com/news/changes-visa-mean-americans...

    Visa on Wednesday announced major changes to how credit and debit cards will operate in the U.S. in the coming months and years. The new features could mean Americans will be carrying fewer ...

  7. Visa, Mastercard settle long-running antitrust suit over ...

    www.aol.com/news/visa-mastercard-settle-long...

    Visa and Mastercard announced a major settlement with U.S. merchants on Tuesday, potentially ending nearly two decades of litigation over the fees charged every time a credit or debit card is used ...

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