The rules that are set in place to govern payment system participants, these regulations including the acceptance and exchange of transaction, the security of data and cards, the price of transactions, and the system membership.
Operating regulations for Visa, MasterCard and other credit card providers ensure the correct and safe usage of credit cards by merchants and their customers. By following the operating regulations customers can be assured that the price of their transactions and the fees that are applied to them are within the guidelines that are set out in the regulations.
