The full form of MDR is Merchant Discount Rate. MDR essentially refers to a fee that a retailer has to pay to their issuing bank in order to accept payments from customers using debit and credit cards. MDR pays the banks that issue the cards, install the PoS (Point of Sale) terminals, and offer payment gateways in exchange for their services. MDR fees, which are calculated as a percentage of the total transaction value, are proportionally split between the merchant and the bank.
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Other Full Forms of MDR
The full form of MDR varies depending on the context and the industry. Here’s the list of full forms of MDR in different industries:
- Multi-Drug Resistance: It describes a microorganism’s capacity to withstand the effects of several medications, such as those produced by bacteria or viruses. This may make treating diseases brought on by these organisms challenging and increase the risk of the emergence of superbugs that are resistant to antibiotics.
- Managed Decision Response: It is a sort of cybersecurity solution that comprises ongoing network and system monitoring and analysis of an organization in order to identify and instantly address any possible security concerns. MDR services assist organizations stop data breaches and other cyberattacks by utilizing a combination of automated techniques and human experience to detect and address security events. These services are often given on a subscription basis and are frequently offered by independent firms that focus on cybersecurity.
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