Interchange

Encyclopedia : I : IN : INT : Interchange

An interchange is a location where two things meet, usually perform some kind of exchange, and possibly go on their ways again. It is most commonly used in four contexts:

Transportation:
*A collection of ramps, exits, and entrances between two highways is an interchange.
*A location where two different railroad companies meet and exchange railroad cars.
*A Cross-platform interchange is a connection between two lines of a metro system.
*In the UK an interchange is a transport node for more than one form of transport; see also intermodal passenger transport.
Computers:
*Electronic Data Interchange is the computer-to-computer exchange of business data in a standard format.
* The Peripheral Interchange Program was software to enable computers to exchange files.
* ASCII is the American Standard Code for Information Interchange.
* Interchange software is an open source application server for electronic commerce.
Sports:
*In Australian rules football, interchange refers to a group of players in a sporting team that can be subsituted into a match, replacing players coming off the ground.
Banking:
*Interchange refers to the money paid from the Acquirer to the debit or credit card issuer for every transaction. In certain circumstances Interchange may be paid from the issuer to the acquirer. The level of interchange is determined by many different factors according to the way the transaction occurred and the type of card used. Interchange balances the card payment system to make sure both Issuers and Acquirers find it profitable.
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