-
Discount Rate
Merchants are charged a fee for the processing services that enable them to accept cards as payment. This fee, called the "merchant discount” or "discount rate,” is...
Learn More
OCR (Optical Character Recognition)
A technology that enables you to convert different types of documents into editable and searchable data.
Related Terms
-
FDCPA (Fair Debt Collection Practices Act)
Approved in 1977, the Fair Debt Collection Practices Act allows for legal consumer protection against abusive debt collection practices.
Learn More









