Anand Goel's blog

If a business starts accepting credit and/or debit cards for payment, inevitably it will get a chargeback, and for any business chargeback becomes a dirty word.   Each card network -- Visa, MasterCard, Discover, and American Express -- has its own rules, codes, and jargon which make the process challenging to navigate.  At the beginning it seems daunting, but with some knowledge

EMV is an acronym for

The cost of processing low value debit card sales (transactions less than $15.00) has dramatically increased for merchants since the implementation of the Durbin amendment on October 1, 2011. While this new regulation caps the debit interchange fees for regulated transactions and has saved billions of dollars for most U.S.

This is an interesting article from WalletPop, a consumer finance website.Click here to read the article. It talks about the broader economic impacts of interchange fees.