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This section is provided by Global Payments Inc. to display statement messages on US merchant statements mailed from January 2011 through December 2011.
Statement Message – Mailed 12/1/11
Under recently effective federal law, payment card networks are required to submit gross sales information reporting (IRS Form 1099-K) to the IRS for each merchant. The first information reports will take place in January 2012 for sales in 2011. If there is a discrepancy between your company's Tax Identification Number and business legal name provided to Global Payments and the information maintained by the IRS, your merchant acquirer may be required to withhold 28% of your future payment card transactions starting in 2012 and remit these funds to the IRS. Any backup withholding payments collected and remitted to the IRS may be offset against your tax liability for 2012. To mitigate the risk to our merchants, Global Payments compared merchant tax information in our files with IRS records. Merchants identified as missing TIN information or as having tax information that did not match were contacted via letter and given the opportunity to provide updated information.
The debit network Accel has announced several changes to their debit network pricing effective December 2011. The changed fees are as follows:
The debit network Interlink has announced several changes to their debit network pricing effective January 2012. The changed fees are as follows:
Statement Message – Mailed 11/1/11
Under recently effective federal law, payment card networks are required to submit gross sales information reporting (IRS Form 1099-K) to the IRS for each merchant. The first information reports will take place in January 2012 for sales in 2011. If there is a discrepancy between your company's Tax Identification Number and business legal name provided to Global Payments and the information maintained by the IRS, your merchant acquirer may be required to withhold 28% of your future payment card transactions starting in 2012 and remit these funds to the IRS. Any backup withholding payments collected and remitted to the IRS may be offset against your tax liability for 2012. To mitigate the risk to our merchants, Global Payments compared merchant tax information in our files with IRS records. Merchants identified as missing TIN information or as having tax information that did not match were contacted via letter and given the opportunity to provide updated information.
Increases to the annual fee or annual postage fee, if applicable, will be reflected on the December, 2011 statement.
Global Payments has launched the Global Transport® -Secure eCommerce product suite enabling merchants to provide online payment processing services. This is an innovative and cost-effective product line for small to mid-size merchants looking to integrate eCommerce payment processing into their business. Global Transport - Secure eCommerce makes it easy for merchants in the online space to accept secure credit card payments from their Web sites and provides a seamless experience for the consumer, increasing customer conversions at checkout. The product suite includes the following three products:
Global Transport - Secure Page: A secure, cloud-based solution for credit card transaction processing from merchant Web sites utilizing HTML.
Global Transport - Secure Form: A secure, cloud-based solution for credit card transaction processing from Web-based payment applications utilizing non-HTML technology, such as Adobe® Flash® or Java.
Global Transport - Shopping Cart Plug-ins: Simple eCommerce payments integration to the Global Transport - Secure Page solution through industry-leading online shopping carts.
For more information, visit http://www.globalpaymentsinc.com/USA/merchants/eCommerce.html.
Please visit our website at http://www.globalpaymentsinc.com to view a message from our Chief Information Officer.
Statement Message – Mailed 10/1/11
We are pleased to announce the introduction of EMV Chip and Signature technology in the US. Because of our world-wide presence, Global Payments is uniquely positioned to quickly bring this cutting edge technology to our merchant customers. Merchants interested in learning more about EMV processing and the PCI DSS benefits associated with it should contact 800-929-1245.
Under recently effective federal law, payment card networks are required to submit gross sales information reporting (IRS Form 1099-K) to the IRS for each merchant. The first information reports will take place in January 2012 for sales in 2011. If there is a discrepancy between your company's Tax Identification Number and business legal name provided to Global Payments and the information maintained by the IRS, your merchant acquirer may be required to withhold 28% of your future payment card transactions starting in 2012 and remit these funds to the IRS. Any backup withholding payments collected and remitted to the IRS may be offset against your tax liability for 2012. To mitigate the risk to our merchants, Global Payments compared merchant tax information in our files with IRS records. Merchants identified as missing TIN information or as having tax information that did not match were contacted via letter and given the opportunity to provide updated information.
US Level 4 merchants have the opportunity to utilize the PCI data security compliance validation services of a Qualified Security Assessor (QSA) to assist with validating the merchant's PCI DSS compliance. Accordingly, you may be contacted by a QSA with whom Global Payments is working to enroll in PCI DSS compliance validation services. If you have not validated your compliance using a QSA, the QSA's solution will assist by providing Self Assessment Questionnaire (SAQ) support and tools to train your employees.
For more information on Global Payments' PCI DSS Level 4 Merchant Program, please go to http://www.globalpaymentsinc.com/USA/customerSupport/industryInit/PCIDSSProgram.html
The PIN Debit Networks Interlink, NYCE, and PULSE have announced various rate changes to non-regulated debit transactions (transactions from issuers with less than $10 billion in assets). As such, beginning in October and November 2011, you may notice a rate increase on these non-regulated PIN Debit transactions.
As a reminder, effective October 2011, our merchant customers may see the following changes on their merchant statements: Reduced interchange fees or discount rates on regulated PIN and signature debit transactions that became effective October 1, 2011. Changes in surcharge qualification categories and surcharge rates as a result of card association price changes. A nominal Regulatory Compliance fee as a result of increased regulatory costs.
Statement Message – Mailed 9/1/11
Effective October 2011, our merchant customers will see the following changes on their merchant statements: You will enjoy reduced interchange fees or discount rates on PIN and Signature debit transactions. Following card association price changes, our merchant customers may see changes in surcharge qualification categories and surcharge rates. As a result of increased regulatory costs, merchants will be assessed a nominal Regulatory Compliance fee.
Statement Message – Mailed 8/1/11
Effective October 2011 we are pleased to announce that our US customers will enjoy reduced interchange fees on PIN and Signature debit transactions. We are delighted to offer our valued merchants lower rates on PIN and Signature debit transactions.
In an effort to discourage MasterCard authorization request approvals that do not result in a settled or reversed transaction, MasterCard has introduced a new fee that will appear as a separate line item on your merchant statement beginning September 2011 as MC MISUSE OF AUTH SYSTEM FEE, and may include fees imposed by MasterCard and Global Payments.
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In October 2010, both MasterCard and Visa entered into a proposed consent decree and final judgment with the Department of Justice that required both payment card networks to modify their policies and procedures regarding the merchant's ability to recommend any preferred card brand or card type in United States. The consent decree and final judgment requires that both card schemes direct their acquirers to provide US and US Territory merchants with notice of the final judgment and a description of the their rules changes and the POS practices that merchants are expressly permitted to engage in pursuant to the terms of the judgment. The description of the rules changes can be found at the following links:
MasterCard
http://www.globalpaymentsinc.com/MCFinalRuling.html
Visa
http://www.globalpaymentsinc.com/VisaFinalRuling.html
The Department of Justice has provided a link to the final judgment: http://www.justice.gov/atr/cases/f273100/273170.pdf
The Department of Justice consent decree permits merchants to steer customers to other forms of payment by various methods described in the rules changes discussed herein. However, merchants that choose to accept MasterCard or Visa credit cards must continue to accept for payment all properly presented MasterCard or Visa cards. In addition, merchants are not permitted to surcharge consumers who use MasterCard or Visa cards.
Statement Message – Mailed 7/1/11
The debit network Jeanie has announced several changes to their debit network pricing effective August 1, 2011. The changed fees are as follows:
Please contact your Customer Service team if you have questions or concerns.
Statement Message – Mailed 6/1/11
The debit network Shazam has announced several changes to their debit network pricing effective August 1, 2011. The changed fees are as follows:
Please contact your Customer Service team if you have questions or concerns.
Statement Message – Mailed 5/1/11
Effective June 2011, MasterCard is introducing a new fee associated with an optional authorization service that allows merchants to perform zero dollar account status checks to validate that a cardholder account is open and not listed in the Electronic Warning Bulletin. This new fee will be applied only to such zero dollar account status checks, will appear as 'MC AVS Only Fee' and on a separate line item on the monthly merchant statement, and may include fees imposed by MasterCard and Global Payments.
Statement Message – Mailed 4/1/11
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Statement Message – Mailed 3/1/11
Please be advised that the Associations have announced certain rate increases and new fee categories to be effective April 2011. Following such changes, effective as of the same date, merchants may see changes to the interchange categories for certain transactions. In addition, also beginning April 2011, most merchants will see new billing line items for Discover, Visa and MasterCard Assessments. These Association fees were previously included in the discount rate for those merchants. The Assessment fees will now appear as separate line items on the merchant statements and will be assessed at the pass-through cost. In addition, NYCE has announced a new Infrastructure Assessment fee of $0.005 that will be implemented on all transaction types for NYCE and NYCE Premier Transactions effective on April 1st, 2011. As a result, merchants accepting NYCE debit card transactions will see an increase of $0.005 to their existing debit network fee for this network. Most discount rate merchants will see no change to their discount rate. Please contact your Customer Service team if you have questions or concerns.
Statement Message – Mailed 2/1/11
US Level 4 merchants have the opportunity to utilize certain services of SecurityMetrics, a Qualified Security Assessor (QSA), that Global has worked with to assist with US Level 4 merchants in their validation of validating your PCI DSS compliance. Enroll by contacting SecurityMetrics directly at 877.705.6073. Also, please see Global's Industry Initiatives web site at http://www.globalpaymentsinc.com/USA/customerSupport/industryInit.html for more information regarding "Level 4 Merchant Compliance Validation" and Global's PCI DSS Program.
Statement Message – Mailed 1/1/11
The debit networks Accel, AFFN, and STAR have announced several changes to their debit network pricing effective February 1, 2011. The changed fees are as follows:
Accel’s PINless Maximum Premium Rate will be $1.78 per transaction. All other Accel rates remain unchanged.
Should you have any questions please contact one of our Customer Care Representatives at 800-367-2638.