-
DFA (Dodd-Frank Act)
The Dodd-Frank Act was made effective in 2010 to promote financial stability in the U.S. by increasing accountability and transparency.
Learn More
Discount Rate
Merchants are charged a fee for the processing services that enable them to accept cards as payment. This fee, called the “merchant discount” or “discount rate,” is negotiated with each merchant during the sales process. The discount rate is usually a percentage of the merchant’s sales volume.
Related Terms
-
FOIA (Freedom of Information Act)
The Freedom of Information Act provides either full or partial disclosure of unreleased information that is controlled by the U.S. government.
Learn More
