Credit Bureaus: Card Solutions
Posted by admin on January 6, 2008 in Finance
Card Solutions is also developing the capability for so-called transaction-level pricing, which provides the ability to process credit card transactions differently for different types of activity, such as separate major-purchase balances, deferred payments, and deferred interest calculations in addition to the more typical revolving balances in which everything is lumped together and the finance charge derived therein. Eventually, Equifax says, its customers will be able to define different authorization options for each transaction at typical credit bureaus.
