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MasterCard and Visa

MasterCard and Visa are independent, competing card associations, comprised of more than 20,000 member banks. The card associations offer products on both the cardholder-issuing and merchant-acquiring sides of the business to facilitate a complete system of electronic currency. Cards are issued to consumers with credit spending limits, revolving interest rates and fees. Merchants are set up to accept and deposit credit card sales through member acquiring banks. The association's role is primarily branding and marketing, governing and enforcing the rules and regulations, and managing and setting Interchange pricing.

• A member bank may be both a card-issuing and merchant-acquiring institution.
• The card associations have rules and regulations governing how industry risk is handled.
• Merchant Interchange fees are paid from the acquiring bank to the issuing bank.
• Issuing banks market a variety of card products including: Classic, Gold or Platinum cards, commercial, business, corporate, fleet, or purchasing cards, and check cards.
• Interchange fees vary depending on the type of card product and how it was accepted. Higher rates for instance are associated with manually-keyed transactions and business card transactions.

Vantage Card Services, Inc. is a Member Service Provider bringing together financial and technology providers to establish and service MasterCard and Visa merchant accounts for our customers. Contact a Vantage professional for a free complete review of your merchant services. We will provide a written, detailed analysis.