The goal of the Amendment was to make swipe fees reasonable and proportionate to the actual cost of processing a transaction.
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The surcharge is supposed to equal the actual cost of processing the credit card transaction, which is typically 1.5 to 3%.
In addition to the image issue, she said the cost of processing DDG for use in food for people is a factor.
The volume of transactions processed is an important metric for exchanges as the incremental cost of processing transactions after the setup of technological infrastructure is very low.
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The process, known as netting, allows approved companies to consolidate intra-group payments and receipts into a single, "netted, " amount, significantly reducing the time and cost of processing each individual payment.
Staffing logistics for underwriters and processors are difficult to balance between demand and profitability models and the mortgage lending industry has not yet found a way to justify the manpower cost of processing and underwriting pre-approvals.
Some of the topics raised by the members' expenses committee have been raised with him before - including the cost of processing claims, a comparison of costs with the previous expenses system and the amount of time MPs were spending processing claims.
Michael Woloz, a spokesman for the Metropolitan Taxicab Board of Trade, said the fleet owners who make up his organization do not begrudge drivers a raise but will suffer because of another measure, approved on a 5-4 vote, to eliminate a 5% charge that fleets and garages can currently levy on drivers for the cost of processing credit-card transactions.
Until the last few years, they have been stymied by the cost of storage, slower processing speeds and the flood of data itself, spread sloppily across scores of different databases inside one company.
Cost of collecting and processing PFEs should be minimal for both government and private businesses.
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Those gains take two forms: less electricity consumption and a lower cost per unit of processing power.
Because credit card companies have always charged a swipe fee, one that was paid by retailers per transaction to cover the cost of equipment and processing.
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The cost, today, of processing that particular asteroid, today, is indeed infinite.
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While the regular IT industry catered to the global needs of cost-effective software and business processing, mobiles served the communication needs of average Indian citizens.
As the cost of gathering, storing and processing data steadily declines, Big Data technology helps us listen in to what the social web is saying.
In developing early data processing systems, the high cost of memory and storage led to a premium being placed on the efficiency of application data access and retrieval.
Commercial Lending X has not only relieved banks of much of the loan underwriting and processing (cost-center) burden, they have also found creative ways to increase bank revenues by brokering denied loans to generate referral fees from other lending institutions, by finding participants to help larger loan transactions get done and by bringing banks new customers.
The project (Bell Labs declines to disclose its cost) combined the work of physicists, app developers, signal processing experts and video engineers.
Most of this material has value to it, if aggregated in the proper way so that economies of scale can kick in and provide cost effective re-processing potential.
Egenera computers may cost 30% more than a comparable amount of bargain-basement processing, but their centrally managed operations eliminate setup and maintenance costs, as well as cables and multiple copies of systems.
In a country where 30% to 40% of farm produce perishes due to a lack of processing and storage facilities, such innovations are a cost-effective solution for many farmers.
There would be some efficiency and cost savings as the government got out of the business of administering the program and processing payments for gasoline blenders for the ethanol they use.
Furthermore, processing costs are low: about 30 cents per transaction, half the cost of clearing a cheque.
For much less than it would have cost to build new capacity, the acquisition boosts ADMs share of the U.S. soybean processing business from 29% to 31% and gives it its first soybean processing plant on the Mississippi.
Namely, beyond foregoing the obvious benefits that come from value-added processing such as refining (gasoline sells a lot more per gallon than the cost of a gallon of crude oil), we are incurring secondary costs that impact, in part, the very environment that radical environmentalists are trying to protect.
For example the woman, Becca Ordonez, had created a digital processing device using off-the-shelf parts, something that might cost a large company many hundreds of thousands of dollars to develop.
Think of the efficiencies in hospital supply chains, the delivery of prescription drugs, the processing of billing and insurance claims, reductions in fraud, and the application of best practices for cost controls.
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