Card Brand Updates

Thought Leadership

On October 13, 2023, our systems will reflect updates to Visa and Mastercard interchange programs and fees as outlined by these card brands.

Visa

Digital Commerce Services Fee

Effective October 1, 2023, Visa will introduce a Digital Commerce Services fee in the U.S. to help support the management, development and improvement of Visa services that enhance CNP transaction capabilities and improve ecosystem performance. A fee of 0.75 basis points (0.0075%) will be assessed on CNP settled transactions, with a minimum of $0.0075 per transaction. This fee will be reflected starting with October merchant statements.

Interchange Program Rates Modified

Visa will modify the interchange rates for certain consumer credit CPS-qualified transactions on Infinite cards.

Table 1

Interregional Interchange Fee Programs for Visa Consumer and Visa Commercial Transactions

The following table lists the new interregional Base (Card Present) fee programs for purchase transactions for Visa consumer and Visa commercial, including Business, products.

Table 2


The following table lists the new interregional Alternative (Card Not Present) fee programs for purchase transactions for Visa consumer and Visa commercial, including Business, products.

Table 3


The following table lists the new interregional Downgrade fee programs for purchase transactions for Visa consumer and Visa commercial, including Business, products.

Table 4

Mastercard

Mastercard is introducing a fee of 0.0075% for card present and a fee of 0.0125% for card not present credit card preauthorizations. The minimum fee for both is $0.01.

The fee will apply to fully or partially approved authorizations coded with a Transaction Status of "preauthorization".