Clearing & Settlement July 2020 Card Brand Enhancements: Card Brand Fees

Card brand fee changes for Visa and Discover.

Visa

U.S. Acquirer Pricing Modified for Account Verification and Authorization Reversal

Visa announced in a Visa Business News dated October 10, 2019, that modifications will be made to the U.S. Acquirer Authorization Verification Fees and extend the Network Acquirer Process Fee to include U.S.acquirer authorization reversals.

Effective July 1, 2020:

A new fee will be introduced to support the Domestic Debit Account Verification Fee.

  • A new fee will be introduced to support the Domestic Debit Account Verification Fee.
  • The rate and description of the existing Domestic Credit Account Verification Fee will change.
  • A new Domestic Debit Authorization Reversal Fee will be created.
  • A new Domestic Credit Authorization Reversal Fee will be created
  • A new International Debit Authorization Reversal Fee will be created.
  • A new International Credit Authorization Reversal Fee will be created

On March 26, 2020, the new card brand fees will be available in PPM. Description and rate changes will be implemented on April 1,2020.

Acquirer International Fees Modified for Card Not Present Transactions

Visa announced in a Visa Business News dated October 10,2019, that effective April 1, 2020, they will adjust the Acquirer International fees for CNP transactions in the Latin America and Caribbean region. Current acquirer international fee assessments will remain at existing rates for card present transactions and a new fee will be applied to CNP transactions.

International Acquirer Service Fee Rate Increase in Canada

Visa announced in a Visa Business News dated September 26,2019, that effective April 18, 2020, the International Acquirer Service Fee assessed for international transactions in Canada will increase by 20 basis points.

Discover

Revised Acquirer Assessment Fee

Discover will revise the Acquirer Assessment Fee. TSYS Acquiring Solutions will support the rate changes in PPM.

New Acquirer Fee for Program Integrity Fee

Discover is introducing a new Program Integrity Fee for all transactions submitted or downgraded to the Mid Submission Level and U.S. Base Submission Level programs for card sales.

The Case for Omnichannel & the Future of Payments

Retail is in a state of constant flux due as ecommerce and mcommerce boom. The e-commerce world is always evolving to match pace with changing market trends, consumers now require a higher degree of personalization and convenience throughout their shopping experience.

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