-
Effective Rate
The effective rate shows the amount of volume a business pays in credit card processing fees to process a given amount. It is shown as a percentage,...
Learn More
Mobile Payments
Mobile payments allow for anytime, anywhere payments using a mobile phone, tablet, and more. Learn More
Related Terms
-
Lockbox
Lockbox refers to banking in which the funds are placed in a physical storage unit (such as a post office box). A bank would then visit the...
Learn More









