New purchase return authorization requirements introduced by Visa in 2019 to merchants in the US and Canada were rolled out in Europe in April 2020. What does it mean for your business?
Welcome to the world of card transaction types. Read on to see the big players in this world and a general overview of various card transaction types.
Due to the increased possibilities for identity theft and different kinds of frauds connected with credit cards, a decade ago Visa and MasterCard proposed a mechanism for increased data security for the credit card providers, merchants, banks and other financial institutions. The proposal led to developing quality PCI compliance security standards.