The card scheme uses its rules to transfer card transaction information from the receiving bank to the issuing bank (from the merchant to the consumer). It then passes the payment to the acquirer to confirm the payment. Credit and debit card schemes work with four parties. Together, these four teams

There are cards in the UK at American Express, Diners Club, GCB, Maestro, China UnionPay International, MasterCard and Visa (including debit). Visa Visa facilitates electronic fund transfers around the world, usually through services such as Visa-branded credit cards, gift cards and debit cards. Visa does not issue credit or debit

The four roles create a card scheme. These roles are known as cardholder, issuer, merchant and acquirer. Two types of card schemes exist. The issuing bank is the same entity and the acquiring bank is the same entity. Other types include a separate issuing bank and an acquiring bank. The

A group of entities in the card scheme agrees to all set terms, within which retail sales occur. A card scheme is like a financial club with several members. Card schemes are effective for both credit and debit cards. There are subtle differences in transaction rules depending on the type

The Forex market operates twenty-four hours a day with markets open across the world. The market continues to grow in popularity as technology has made it more accessible. Today, there are millions of traders operating in the market looking to maximise the opportunities that this incredibly lucrative and exciting market.

Forex trading can be a rewarding and profitable profession. Like any profession it takes practice, persistence and an ongoing education program. The first thing to understand about forex trading is that it is not gambling. It is a pastime that requires a range of skills and a great deal of

We all can be wrong from time to time. It’s a common thing for the people who would like to gain experience in any area of life. There are no actions without mistakes. There are no results without actions. Can you see the connection? However, some errors may cost us

In CFD Trading, the spread is the difference between the “bid” and “ask” price of an asset. In the Forex market, the spread is measured in PIPS. When trading other assets such as Stocks or Commodities, the spread is simply calculated as the difference between the ‘buy’ and ‘sell’ price

Trading terminal MetaTrader 4 is the most popular software solution for financial market trading today. The platform boasts user-friendly interface, easy to navigate even if you’re beginner. Features of MT4 include: Tools for analysis of the financial markets (technical indicators, chart objects); Current price order execution system, and pending orders;

In this article, we are going to talk about the differences between trading and investing. They are wide-ranging however, they are both good ways of potentially making financial gains on the global financial markets. Similarly, both investors and traders seek to gain from global financial markets. Although, they use different