A good credit score is one that lenders and creditors approve of: a FICO Score between 670 and 739. There are other types of credit scores, such as auto insurance scores and rental history scores, but the most well known is FICO. Although banks and other creditors sometimes use credit...
What is a CVV Number?
A CVV number is a three or four digit security code most commonly seen on a credit card. The primary function of the CVV number is to verify that the user has physical access to the corresponding card, hence providing an added layer of security against credit card fraud. How...
What is Network Access and Brand Usage Fee?
Network Access and Brand Usage Fee is a new fee that will be introduced on 4 September 2012 by all mobile operators in Singapore. It will help to recover costs of expanding network coverage, future rollouts of new technologies and the rising cost of running mobile business. To simplify the...
Understanding Debit Card Processing Fees
Debit card processing fees are the costs that your financial institution pays to process debit card transactions. Debit cards are accepted by both merchants and ATMs for use in making purchases, withdrawing money from savings accounts, checking balances, etc. Debit transactions can also be used as a form of identification...
What Is A Credit Card Surcharge?
A Credit Card surcharge is the extra charge that business owners place on purchases made using credit cards. Credit card companies earn revenue for each purchase actually made with their cards—and these costs are typically passed along to customers in the form of higher prices. A Credit Card Surcharge is...