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Fee Management & Cost Optimization
Terms
- What are payment methods?
- Payment methods are the various ways customers can pay for goods and services, including credit cards, debit cards, digital wallets, bank transfers, cash, and alternative options like BNPL.
- What is an interchange fee?
- An interchange fee is a fee paid by the merchant's bank to the cardholder's bank for each card transaction, set by card networks to compensate issuers for processing and risk.
- What is secure remote commerce?
- Secure Remote Commerce (SRC) is a payment standard that enables consistent, secure checkout experiences across online and mobile platforms using tokenized payment credentials and biometric authentication.