heat energy transmitted by electromagnetic waves in contrast to heat transmitted by conduction or convection. A molecule of carbon dioxide traps heat, radiant heat, the long wave end of the spectrum. The substances, how-r, which show themselves thus opaque to radiant heat perfectly transparent to light.
Interchange plus pricing for credit card acceptance is where a merchant service provider's fee is added to Visa, MasterCard or Discover's actual rate for each transaction.n an interchange plus pricing model, a fixed markup in the form of a percentage (or basis points) is added to the actual interchange rate for a given transaction.
On 24 July 2013, the European Commission published a proposal for regulation of interchange fees. The most significant feature of this was the proposal for caps on interchange fees - 0.2% (of the value of the transaction) for consumer debit card transactions and 0.3% for consumer credit card transactions. This was a result of various competition law reviews into interchange fees by the Commission and national regulators over many years. The subsequent Interchange Fee Regulation (IFR) was adopted on 29 April 2015 and came into effect in the UK on 8 June 2015. 1  The IFR requirements can be split into two phases. Phase 1 introduces caps on interchange fees for card transactions, which came into force on 9 December 2015. HM Treasury consulted on how the interchange fee caps should be implemented in the UK and on 8 October published a response stating that: 1  The interchange fee cap for domestic credit card transactions would be 0.3%, in line with the default caps set out in the IFR.