Last week we talked a little about Visa, this week lets cover some global statistics that you may not have known about MasterCard. 1. Wide coverage MasterCard is distributed in 210 countries, 150 currencies and 53 languages, with 1.9 billion users and 35.9 million locations worldwide. 2. Fast processing MasterCard

What is a credit card surcharge? Surcharge is the additional fee added to a credit card transaction, so everything you buy using credit cards could potentially cost more. Why do merchant stores require a surcharge? For every successful card payment, the merchant has to pay a service fee to the

Initially, the authorization process starts by ensuring that the customer has enough money in his/her bank account. No money is transferred, the merchant provider validates the user’s information only. Upon completion of validation, the money starts making its way to the merchant’s bank account. This process is spread over a

Any business dealing online must have a merchant account to accept payment, typically by debit or credit cards. These accounts are allotted between a bank and a payment facility company, also known as a payment processor. High risk merchant account Every bank and merchant provider will look at an applicant’s

In order to expand and capture a potentially new market, American Express is launching a brand new credit card this coming April 2, 2014. Amex EveryDay will reward card holders according to how much they spend, as well as how often they use the card. The card benefits include: 1.

Bitcoin is a digital currency encrypted by programming code, which was introduced in 2009 by Satoshi Nakamoto. It is free of all governmental oversight, instead its value is fully monitored by a peer-to-peer Internet protocol. Bitcoin is free to be traded by anyone in any country, with low transaction fees

How confident are you when making online purchases? Do you worry about privacy leaks? According to the latest survey in US, consumer concern remains high at 92%. The trust level continues to fall in comparison to last year. This result has high impact on online businesses, because 89% of users

UnionPay established the independent brand of UnionPay cards in cooperation with commercial banks and its growth has been jointly pushed upon since 2004.  In 2004, UnionPay built up a national unified inter-bank transaction settlement system with independent intellectual property. An international-accepted system of standards and regulations for bankcards has been

Binary options are an easy way to trade price changes in multiple markets in the world, but any trader will need to understand the risks and rewards of these often misunderstood instruments. Binary options are very different from the traditional options. When traded, you will find these options have different

Pharmacies that operate online and deliver orders to customers through mail or shipping companies are known as online pharmacies, internet pharmacies or mail order pharmacies. The main difference between a normal retails community drugstore and a legitimate online pharmacy is how the medications are purchased and received; similar to any