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Credit Card Interchange

Vangie Beal
Last Updated May 24, 2021 7:39 am
The process by which all parties involved in a credit card transaction (i.e., processors, acquirers, issuers and so on) manage the processing, clearing and settlement of credit card transactions, including the assessment, and collection and/or distribution of fees between parties. Also known as Interchange. [Source: Authorize.Net]