Standard Floor Limit.

The standard floor limit is the maximum amount per transaction that can be processed without requiring a PIN or other authentication. This limit is typically set by the card issuer, and may be different for physical locations vs. online transactions. What is a credit card floor? A credit card floor is the lowest credit card … Read more

Operating Profit.

Operating profit is a measure of a company’s financial performance from its core business activities. Operating profit is equal to a company’s gross profit minus its operating expenses. Gross profit is equal to a company’s revenue minus its cost of goods sold. Operating expenses include a company’s selling, general, and administrative expenses. Operating profit is … Read more