MasterCard Interchange Fees and Merchant Category Codes
MasterCard sets its interchange fees based on a series of requirements, all of which need to be satisfied for a transaction to qualify for that rate....
Author: UniBul
Mobile Commerce Breaks Out in 2010, M-Site Number Now Exceeds 3M
Mobile websites grew 2,000 percent, to 3.01 million in 2010, while m-commerce sales increased to $3.4 billion in 2010 from $1.4 billion in 2009....
Federal Reserve to Reduce Debit Card Fees to $0.12 per Transaction
The Federal Reserve has proposed a $0.12 cap on debit card transaction interchange fees, about 70% lower than the current average fee of $0.44....
220.1M NFC-Enabled Phones Supporting Mobile Payments to Be Shipped in 2014, Up 418% from 2010
The sales of phones with built-in near field communication (NFC) capability is set to explode from around 52.6M units sold in 2010 to 220.1M in 2014....
Mobile Payments Volume Set to Quadruple by 2014
M-payments will become mainstream in 2011 and quadruple in volume by 2014, reaching $622B, profoundly alter the way businesses interact with customers....