Money101
Credit Card Rewards: Interchange and MCCs
Visa's April 18, 2026 schedule prices card-present retail Product 2 from 1.51% plus $0.10 to 2.30% plus $0.10. The MCC selects the row.
Merchant Category Codes and Card Rewards
A merchant category code labels the sale. Visa's October 2026 manual assigns the code by primary business.
Stablecoin Neobanks: Ledgers, Cards, and FDIC
A stablecoin neobank records balances on a blockchain. U.S. deposit insurance is $250,000 at an insured bank. Crypto assets are outside that cover.
APR vs APY: Compounding and the Yearly Cost
APR is a yearly rate without compounding. A 5.00% rate compounded monthly is about 5.12% APY. An 18% APR is about 0.0493% per day.
KYC and AML: Identity and Compliance
An overview of Know Your Customer (KYC) and Anti-Money Laundering (AML) processes, explaining how institutions verify identity and monitor transactions.
FX Risk: Managing Volatility in Remittance Systems
FX risk is the loss from a currency move during settlement. The World Bank's August 2025 average remittance cost was 6.36% of the amount sent.
Why Remittances Get Delayed or Fail
Why cross-border remittances get delayed or fail, including compliance checks, settlement timing, data errors, and payout liquidity limits.