Interchange is the domestic and international exchange of transaction data, including authorisation, settlement and other interchange fees as well as other monetary and non-monetary information related to bankcard activities, among banks participating in a bank card network, such as those managed by VISA and MasterCard, according to their operating rules and regulations.
In short it is the exchange of money from the acquiring bank to the issuing bank. It allows a cardholder to access their account from multiple ATMs and to make purchases using their payment cards at any participating merchants.
Payment Processing Services by NOIRE
NOIRE provides industry leading online payment processing services & risk management technologies. Designed using NOIRE, “Simply Switch On”, approach to payment processing, our payment solutions are built using the latest payment processing technology enabling businesses to “Plug In” and “Switch On” payment modules with ease if and when required.
As a leading Payment Service Provider, you can trust NOIRE to find the right solution for your business. We provide everything in one simple agreement – your Internet Merchant Account, Payment Gateway and Payment Processing with all the leading cards issuers. Combined with NOIRE’s industry leading fraud & risk management solutions, merchants can be confident managing their payments safely and securely from beginning to end with NOIRE.