BluePay Blog

“It’s time to say goodbye, but I think goodbyes are sad and I’d much rather say hello. Hello to a new adventure.” – Ernie Harwell The old adage states all good things must come to an end. That being said, this is the last post for the BluePay Blog. In December 2017, BluePay was acquired by First Data, a global leader in commerce-enabling technology and solutions. Although we have maintained the BluePay name for the past two years, it is now time to transition our brand to First Data.

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.

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.