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Address Verification Service (often referred to as AVS and sometimes Address Validation) is an anti-fraud tool offered by credit card processing companies. The tool works by comparing name and address information given by the person claiming to own the credit card to the name and address on file with the credit card company.
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The term “downgrade” gets thrown around a lot in credit card processing, but what does it actually mean?
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Fast, easy, flexible, working capital that is only a tantalizing few mouse-clicks away…should you apply through Square to get a merchant cash advance?
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CPS Rewards and Signature Preferred refer to Visa interchange fees for consumer credit cards that offer rewards (such as cash back or airline miles) for the cardholder.
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CPS Rewards 2 and Signature Preferred are Visa interchange categories that determine what a business pays when accepting a “rewards” credit card online or by keying it in.
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CPS Retail categories are among the most common Visa interchange rates, as they apply to many basic transactions at retail stores.
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Signature Preferred Retail is the Visa interchange category that is used to calculate the interchange fee for card-present transactions involving a credit card that produces rewards for the cardholder.
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CPS card not present categories refer to Visa interchange rates that apply to many basic online and keyed transactions.
