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75How credit card manual sales slips are processed?
Today, 90% of the world credit card transactions are processed via POS terminal system. There are still a balance of 10% which are still processed using the manual sales slip system. Although the percentage...
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75What the 16 digits card numbers in credit cards mean?
Cardexpert : Credit card has been introduced to the world more than 30 years ago. Card experts have done many reviews on shortcomings, researches and came out with various way to make the credit card industry safe from fraud and reduce losses from...
2 comments74Why cash budget is important to an organization
If you are working in the Finance Department of an organization, I believe you would know how important the cash budget is. Every organization knows the significant of a cash budget and how it can determine the future directions of its business. ...
1 comment76How Card Issuing and Card Acquiring businesses are segregated
News released by credit card industry expert said that credit card transaction volume has exceeded more than $2 trillion and raked in more than $100 billion in revenues in U.S. alone. The huge credit card...
3 comments59How does Credit Card Issuer manage Prepaid Credit Card?
Difference between a Prepaid Credit Card and a Debit Card A prepaid credit card is very similar to a debit card. In order to use it, one has to deposit cash with the credit card issuer first. Then the...
1 comment56Controlling Credit Card Frauds
Fraud losses can run into billions of dollars. Failure to control credit card fraud can result in massive losses in a credit card company. Credit card franchisors and credit card companies spend millions of dollars in researching solutions to fight...
1 comment66How Credit Card Company manages Merchants?
One of the most important objectives of credit card company is to expand the credit card merchant base. Credit card franchisors like MasterCard, Visa and American Express have laid down strict procedures and...
0 comments56What is Cards In Circulation?
If you have read credit card news before, you probably heard the top credit card expert or senior Card Company personnel mentioning number of their cards in circulation (CIC) in the country or total number of card issued issued by them. Although...
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57Know the different types of Credit Card Frauds
Credit card fraud is one of the biggest loss concerns in a credit card company. Credit card frauds are usually performed by a group of people either using counterfeit credit cards to cheat unsuspecting...
0 comments78How to minimize loss of revenues due to POS terminal faulty
Before POS Terminals were introduced into credit card industry, the Card Companies deployed a manual sales slip system to acquire credit card sales transactions. Since the introduction of POS Terminal...
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