Statement Messages

Statement Message
On US Merchant Statement Mailed 4/1/08

Following increases by Visa, MasterCard and Discover effective April 2008, you may see an increase to your discount rate and surcharge pricing. Also, Visa has announced a new International Service Assessment fee directly assessed to cross border transactions in connection with variances in currency conversions. This fee will appear as a new line item for international transactions beginning with your April 2008 merchant statement. In addition to existing MasterCard cross border fees, MasterCard's U.S. Acquirer Support fee will now appear as a separate line item for international transactions beginning with your April 2008 statement. The U.S. Acquirer Support fee is assessed by MasterCard in connection with their cost of processing non-U.S. transactions.
 
Visa also announced that, effective April 2008, Debit Network fees for Interlink Supermarket will increase from $0.24 per transaction to $0.25 per transaction and there will no longer be a maximum per transaction fee for Interlink Debit Network Retail transactions.
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Effective April 1, 2008, the following debit networks will modify their price structures as follows:

Alaska Option will increase their transaction fee to $0.26 per transaction.
  Jeannie Debit Network will increase retail transactions to $0.20 + 0.75% per transaction, Quick Service Restaurant transactions to $0.17 per transaction, and Supermarket transactions to $0.28 per transaction.

If you have any questions, please call one of our Customer Care Representatives at (800) 367-2638.
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Did you know that more than half of all card data theft occurs at restaurants? Some POS systems collect and store customer card data.  And you may not even be aware of it!
 
A new Webinar series shows you how to identify and correct these safety problems, and keep your POS system in full compliance.  Secure your system and the private data of your customers’ payment cards by participating in this FREE seminar series.

Statement Message
On US Merchant Statement Mailed 3/1/08

(no messages)

Statement Message
On US Merchant Statement Mailed 2/1/08

The Shazam and ACCEL debit networks have announced several changes to their respective debit network pricing structures.  The changed fees are listed below:

Shazam – Effective January 1, 2008

Quick Service Restaurant merchants will be billed 1.00% + $0.09 per transaction. Certain small ticket retailers will be billed 1.00% + $0.09 per transaction for transactions that are $10.00 or less and 0.75% + $0.24 per transaction for transactions above $10.00.

A new category for petroleum merchants has been added.  Petroleum merchants will be billed 0.65% + $0.16 per transaction. Grocery merchants will be billed $0.25 per transaction. All other retail transactions will be billed 0.75% + $0.24 per transaction.

A maximum fee of $0.69 per transaction is applicable to all Shazam transactions except grocery transactions, which, as noted, are billed a flat fee of $0.25 per transaction.

ACCEL – Effective February 1, 2008

Quick Service Restaurant merchants will be billed 1.25% + $0.06 per transaction with a maximum fee of $0.48 per transaction. Grocery merchants will be billed $0.25 per transaction.

All other ACCEL transactions will continue to be billed at 0.65% + $0.15 per transaction with a new maximum of $0.63 per transaction.

Should you have any questions please contact one of our Customer Care Representatives at 800-367-2638.

Statement Message
On US Merchant Statement Mailed 1/1/08

MasterCard and Maestro have announced increases to fees assessed on cross border transactions effective January 2008.  These fees will continue to show up as a separate line item on your merchant statement and be passed through to you with no mark up.  In addition, the following increases by MasterCard to certain international interchange categories, also effective January 2008, some merchants may see certain additional international transactions subject to non-qualified surcharges.