Alpine Medical Corporation (AMC) accepts credit card payments from its patients. Following are the batched transactions for May 19. 1) Total charges on MoreMoney and Wind credit cards were $42,000. These cards are “bank cards” and AMC receives daily cash settlement directly to its bank account, net of service charges of . 2) Total charges on EuropeanExpress cards were $6,000. This card is not a bank card, and settlement does not occur until approximately two weeks following the date of the transaction. EuroExpress is known to charge a 4% fee, and this amount is recorded on the day of sale
