The effective rate shows the amount of volume a business pays in credit card processing fees to process a given amount. It is shown as a percentage,...Learn More
An account opened through a payment processor or financial institution that allows payees to accept credit card payments from a payer.
MICR (Magnetic Ink Character Recognition)
The information printed on a check in magnetic ink. The MICR information helps MICR scanners retrieve important information from the check including the routing number, account number...Learn More