Equifax vs. Experian vs. TransUnion
Posted on Mar 26, 2019
Credit reporting agencies (aka credit bureaus) are responsible for collecting consumer credit data that businesses then use when assessing a person’s ability to meet certain financial obligations: A bank, for example, might use a borrower’s credit score to determine what interest rates to charge. The lower the score, the greater the risk of not being paid back. As such, that lender would likely charge a higher interest rate.
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Topics: Awareness, Consumer Education
CVV, PCI and Other Payment Acronyms
Posted on Aug 16, 2018
Credit card processing can be complex. Even more so when you’re presented with an industry-related acronym that has you reaching for your smartphone or tablet to Google search the meaning. In short (no pun intended), an acronym is an abbreviation formed by the initial letters of multiple words, ex. ISV stands for Integrated Software Vendor.
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Topics: Small Business Tips, Getting Started with Payments, Awareness