To put each in the place of the other; to give and take mutually; to exchange; to reciprocate; as, to interchange places; they interchanged friendly offices and services.
The act of mutually changing; the act of mutually giving and receiving; exchange; as, the interchange of civilities between two persons.
The mutual exchange of commodities between two persons or countries; barter; commerce.
The association function that enables members to exchange payment card transaction data and funds on a standardized basis.
generally refers to the exchange of diagnostic imaging studies between institutions. Sometimes it is also used in the context of exchange within an institution.
The exchange of transaction data between acquiring and issuing institutions.
Exchange of mail between Letter Processing Plants (LPPs). (échange)
give to, and receive from, one another; "Would you change places with me?"; "We have been exchanging letters for a year"
a location where two things meet, usually perform some kind of exchange, and possibly go on their ways again
a series of one or more exchanges of information between two partners
A fee, set by a network operator (such as Visa, MasterCard and debit card networks, such as STAR) and paid by the transaction-acquiring bank to the card-issuing bank.
A fee assessed by the issuing bank to the acquiring bank to cover the costs of float time before recovering their funds, credit and fraud losses incurred due to the float of funds and the cost of processing and posting the credit transaction to a cardholder account
Exchange of transaction data between Acquirer and Issuer.
The exchange of railcars between connecting railroads.
The transaction that takes place between the acquiring bank and the credit card-issuing bank.
The flow of information between issuers and acquirers, e.g. transactions, retrieval requests, chargebacks.
Reciprocal exchange of e.g. information between two or more parties.
The exchange of information, transaction data and money among banks. Interchange systems are managed by Visa and MasterCard associations according to their requirements and are very standardized so banks and merchants worldwide can use them.
The fees assessed to a transaction by MasterCard and Visa.
Interchange is the fee paid by acquirers to card issuers for each transaction. The fee is determined by the nature of the business and the processing procedures followed. Rates are determined by the card schemes who assess the level of risk and expense involved in processing a transaction.
A system managed by Master and Visa to bring global standard in exchanging data and money between banks.
The standardized electronic exchange of financial and non-financial data associated with sale and credit data between merchant acquirers and card issuers on various types of MasterCard and Visa transactions.
A fee which may be paid between two banks each time a card is used. Its purpose is to ensure that Visa cards are as widely accepted and as widely used as possible.
The process by which all parties involved in a credit card transaction (i.e., processors, acquirers, issuers, etc.) 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 Credit Card Interchange.
The exchange of transactions between clearing members for Visa and MasterCard transactions, according to the associations operating rules and regulations. During this process transactions are routed to the appropriate card issuing bank.
The domestic and international systems operated by VISA and MasterCard for authorization, settlement and the passing through of interchange and other fees, as well as other monetary and non-monetary information related to bankcard activities.
The agreement among interconnected utilities under which they buy, sell and exchange power among themselves. This can, for example, provide for economy energy and emergency power supplies.
The exchange of Authorization requests, Transaction records, funds, or information between an Acquirer and CAS through an intermediate Network or other facility.