Electronic Payment Processing Basics

There are essentially two types of credit cards: bankcards and non-bank cards. Visa and MasterCard are considered bankcards. American Express, Discover, Diners and Carte Blanche are considered non-bank cards. Encore Payment Systems processes all major credit cards including Visa, MasterCard, American Express, Discover, and Diners. To accept credit cards, merchants are required to pay standard [...]