Remove Audit Remove Card Issuer Remove Reporting Requirements
article thumbnail

Visa Interchange Rates 2024: What You Need to Know

Stax

Interchange rates are the fees charged by credit card networks (like Visa, Mastercard, American Express, and Discover) to facilitate card transactions between merchants and banks. The card issuers periodically update their interchange rates using the following factors. Audit your data security measures.

article thumbnail

Expense Reconciliation: Step-by-Step Guide

Nanonets

Credit Card Reconciliation : Similar to bank reconciliation, credit card reconciliation involves reconciling credit card transactions recorded in the company's accounting system with the credit card statements received from the credit card issuer.