What is Interchange?

I was recently reviewing our list of credit card processing terms for our training programs, and it dawned on me. This is a very complicated and complex industry for someone to understand. I’ve been in it so long, that I take it for granted sometimes, but training new...

What Are Cloud-Based Payments?

In the world of technology, most people have heard of “the cloud”. The information on my smartphone is backed up “in the cloud”. But is it relevant in the world of card payment processing? What are cloud-based payments? The cloud is a cluster of servers hosting data...

Financial Censorship in Payments

A federal agency is considering regulatory action to better protect U.S. consumers from “excessive surveillance”. This topic was presented in October of 2023 by director Rohit Chopra during a Brookings Institution event. Brookings Institution is described as a D.C –...