Tag: Payment Processing

  • EIP Meaning & Full Form Explained

    EIP stands for Electronic Invoice Presentment and Payment. It is a technology-driven solution that enables businesses to streamline their invoicing and payment processes. EIP allows organizations to send invoices electronically to their customers and receive payments online, eliminating the need for paper-based transactions. With EIP, businesses can generate and deliver invoices in various electronic formats,…

  • MCC Meaning & Full Form Explained

    What is MCC? Have you ever come across the term MCC and wondered what it stands for? Well, MCC is the acronym for Merchant Category Code. It plays a crucial role in the world of businesses, particularly in the realm of payment processing. Understanding the significance of MCC can help you optimize your business transactions…