EIRF, otherwise known as ”Electronic Interchange Reimbursement Fee” is a more costly transaction interchange rate applied by Visa.  It is a hefty charge that a merchant may see on their statement when a transaction has been re-classified to a more expensive category.  However, EIRF charges can...

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The new AmEx program, referred to internally as ‘OptBlue’, is an offering by American Express that will eventually replace the OnePoint/ESA programs. This new AmEx program will allow Acquirers (credit card processor) to price merchants similar to other card brands such as Visa, Mastercard, and ...

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Returns and refunds are inevitable in nearly any business environment. Merchants who deal with them know they can be headaches – especially when the purchases are made with credit or debit cards and customers claim the refunds were never received. This results in chargebacks to the business – re...

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