|
A Good Credit Report - The Key To Cheap Finance
Is your credit report important? There are a lot of people who
would not consider their credit rating as something too
important to them in their life. There are others who, while
recognising its importance, would not be overly concerned...
Credit card debt help
Debt consolidation is the most effective type of credit card debt help. Most people get into credit card debt when they end up getting more than one credit card, and unfortunately, they usually end up with more than one debt. The result is that...
Credit Card Processing: Beat the System by Passing Processing Fees to Customers
Imposing surcharges on credit card transactions is illegal, and
it will only lead to problems. The secret to beating the credit
card processing system is not charging more for credit card
sales, but instead is charging less for cash sales. It may...
Protecting Your Credit During Divorce
Q: My spouse and I are divorcing, and share a number of joint credit accounts. In deciding how to deal with these accounts, we've discussed his paying at least some of them off as part of our settlement agreement since he earns more than I do....
The Meaning of Credit Card Numbers
If you take a close look at your credit cards, you'll probably wonder what all those numbers stand for. Every digit actually stands for something specific. Let's have a look at each of those numbers in sequence.
The First Digit
Gasoline...
|
|
| |
|
|
|
|
|
|
Credit Card E-Primer
According to evolt,credit card processing from website sales
involves two distinct subjects: the merchant account and the
processing mode.
Merchant Account: Merchant Accounts are not an account that you
open at the bank. They are granted by a bank and usually involve
at least two other entities, an ISO and the underwriter. An ISO
is usually someone from the local debt collection service who
certifies the risk involved in granting the MA. They look at the
operation itself and the history and assets of the applicant.
Frequently the ISO also is the Merchant Accounts administrator,
the one who pulls the plug and liquidates the merchant's assets
should things go wrong. The underwriter is usually a bank you
will not deal with directly. Their responsibility is with the
cardholders. They review the website, the operation, and the
ISO's report. The underwriter is the entity which actually
grants the account. Underwriters frequently request
non-negotiable cosmetic and even structural changes to websites
to protect the cardholder's interest. Merchant Accounts are
specific not only to the merchant but to the activity where they
are used. Conducting credit card sales in a manner not specified
in the MA is illegal and constitutes willful fraud. All revenues
from such sales are also illegal and will be refunded to the
cardholders, regardless of the cardholder's satisfaction with
the sale. As the merchant's expert in e-commerce the web
designer/developer can be held liable for those losses to the
merchant. Include a clause in your contract that states that the
client has the responsibility to approve and accept a website
that is not
in violation of their MA, and that the MA is in
compliance with all State and Federal banking regulations. Such
a statement should protect you from civil liability.
Processing Mode: This mode includes two steps which are as
follows
Offline Authorization: Most e-commerce sites use offline
authorization. In this scenario the details of the orders are
recorded on the web server, downloaded as a batch, authorized
through offline software as a batch, and then later captured
through the offline software in batches. Some banks and online
ISO will attempt to require ICVerify as a condition of their MA
since ICVerify has been a standard for many years. Offline
authorization can be a source of added value for the CGI capable
web designer.
Live-time Authorization: Live-time authorization should be used
for instantly deliverable sales, such as software downloads or
access to restricted areas on the website. Live-time
authorization for hard goods sales is an expensive option that
eliminates the need for offline processing software and
accomplishes the authorization stage automatically. Live-time
processing does not eliminate the need for a second capture
phase after shipment. Most live-time processing goes through a
third party. There are also dozens of independent parties that
offer this service. Some of these third parties also offer full
shopping carts services tied into the process.
About the author:
For more information on credit card
processing,please visit http://www.paynetsystems.com<
/a>
|
|
|
|
|
| Credit Reports - Credit Cards - Car Loans - Home Loans - Credit.com |
| Credit.com offers a variety of credit related products and services including credit reports and credit scores, credit cards, car loans, home loan and ... |
| www.credit.com |
|
| Equifax Personal Solutions: Credit Reports, Credit Scores ... |
| National consumer credit reporting company that offers credit reports, FICO(R) credit scores and identity theft protection products to consumers and small ... |
| www.equifax.com |
|
| The FTC's web site on Credit |
| Credit is much more than a piece of plastic, and the resources on this site can help you become a more savvy consumer. You’ll also find compliance ... |
| www.ftc.gov |
|
| Federal Trade Commission - Consumer Credit Center |
| Features an assortment of helpful articles related to credit issues. |
| www.ftc.gov |
|
| AnnualCreditReport |
| Site set up by the big three credit reporting agencies in the United States, to furnish free annual credit reports, as required by federal law. |
| www.annualcreditreport.com |
|
| Springboard - Non-Profit Consumer Credit Management |
| Our mission is simple: To offer education on the wise use of credit. ... SPRINGBOARD has been approved to provide credit counseling services and issue ... |
| www.credit.org |
|
| myFICO - FICO Credit Scores, Online Credit Reports and Identity ... |
| myFICO.com: Get your Free credit report and Free credit score with a 30-day trial of Score Watch. All three FICO Scores and Credit Reports Available now ... |
| www.myfico.com |
|
| Credit Suisse Global |
| Credit Suisse Group is an international financial services group. - Shares part of SMI. |
| www.credit-suisse.com |
|
| Experian: Free Credit Report and Credit Score, Credit Check ... |
| Credit referencing and consumer targeting for the USA and other countries. |
| www.experian.com |
|
| National Credit Union Administration - Home Page |
| An independent federal agency that supervises and insures 7152 federal credit unions and insures 4240 state-chartered credit unions. |
| www.ncua.gov |
|
| Credit - Wikipedia, the free encyclopedia |
| Debits and Credits, a type of bookkeeping entry; Credit (creative arts), acknowledging the ideas or ... Retrieved from "http://en.wikipedia.org/wiki/Credit" ... |
| en.wikipedia.org |
|
| Credit (finance) - Wikipedia, the free encyclopedia |
| Any movement of financial capital is normally quite dependent on credit, ... Sometimes if a person has financial instability or difficulty, credit is not ... |
| en.wikipedia.org |
|
| The National Foundation for Credit Counseling |
| DebtAdvice.org is a service provided by the Members of the National Foundation for Credit Counseling (NFCC), most of them known as Consumer Credit ... |
| www.nfcc.org |
|
| FreeCreditReport.com | Free Credit Report and Credit Score Online ... |
| FreeCreditReport.com: Free credit reports and credit scores from Experian. Get your free credit report and credit score now. It's free, fast, and easy! |
| www.freecreditreport.com |
|
| Compare credit cards | apply for a credit card | 0% balance ... |
| Compare over 300 credit cards, including 0% offers and balance transfers, and make a credit card application online... |
| www.moneysupermarket.com |
|
| Ford Credit - Auto financing for Ford, Lincoln and Mercury cars ... |
| Ford Credit provides auto financing to finance a lease or purchase a car or truck through Ford, Lincoln or Mercury dealerships. |
| www.fordcredit.com |
|
| The Credit Card Prank |
| In my lifetime, I have made nearly 15000 credit card transactions. ... Credit card signatures are a useless mechanism designed to make you feel safe, ... |
| www.zug.com |
|
| Credit magazine, corporate bonds, derivatives, structured credit ... |
| Credit magazine provides information on the international credit markets for credit investors, issuers and market professionals. |
| www.creditmag.com |
|
| CUNA: The Credit Union National Association |
| News and resource directory about credit unions. |
| www.cuna.org |
|
| Credit/Debt Management - Tools and Advice for Managing Credit and Debt |
| Drowning in debt? Trying to improve your credit score? This is the place for you. Get real world information and tips, as well as the legal low down, ... |
| credit.about.com |
|