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GLOSSARY TERMS
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Interchange

Interchange is the exchange of information, transaction data, and money between the aquiring bank and the issuing bank of any banking transaction. Interchange systems are very standardized so banks and merchants worldwide will be able to use them. Interchange services are managed by Visa and MasterCard associations according to their requirements.


Previous Credit Card Term: Identity Theft

Next Credit Card Term: Interchange Fee


* See the online credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Here" button, you can review the credit card terms and conditions on issuers website.