VISA/MC Interchange Rules INTERCHANGE CATEGORY RULES VISA CONSUMER RATES Visa CPS/Retail CREDIT Cardholder, card, merchant and card-reading terminal must be present at the point of sale. Card must be swiped for authorization and the full, unaltered contents of the magnetic stripe must be transmitted (entry mode of 90 required). Electronic authorization required; only one authorization per transaction allowed. Hotel/car rental merchants must provide the same enhanced data required to qualify for CPS/Hotel & Auto Rental in order to qualify for CPS Retail (i.e. folio #, check-in date, indicator for ancillary charges/no show). Restaurant transactions will no longer qualify at this rate please refer to CPS Retail Restaurant. Signature must be obtained on the credit card slip or printer receipt. Transaction must be sent for processing within 24 hours of the authorization. Visa CPS/Retail DEBIT All requirements of CPS/Retail. Settled amount must equal authorized amount. If transaction fails authorization tolerance, it will qualify at EIRF DEBIT. This rate is only applicable to U.S. issued check cards; non-US will qualify at the credit category. Visa Electronic (EIRF) CREDIT Keyed transactions (entry mode 01) or electronic transactions (entry mode 90 or 02) that are not otherwise CPS qualified (i.e. full, unaltered contents of the magnetic stripe are not transmitted [possibly due to merchant non-compliant software or card not containing full data]; transaction is not electronically authorized [i.e. voice authorizations, code 10s, call referrals]). Transaction must be settled within three days of transaction date. Visa Electronic (EIRF) DEBIT All requirements of EIRF. This rate is only applicable to U.S. issued check cards; non-US will qualify at the credit category. Visa Standard Paper EDC Transactions sent more than 72 hours from transaction date. Paper Transactions. Visa Standard Paper DEBIT All requirements of Standard. This rate is only applicable to U.S. issued check cards; non-US will qualify at the credit category. Visa CPS/Retail Restaurant CREDIT Cardholder, card, merchant and card-reading terminal must be present at the point of sale. Card must be swiped for authorization and the full, unaltered contents of the magnetic stripe must be transmitted (entry mode of 90 required). Electronic authorization required; only one authorization per transaction allowed. Applies to transactions with MCC’s MCCs 5812(Restaurant) and 5814(Fast Food). Restaurant transactions must be within 20% of authorized amount. Signature must be obtained on the credit card slip or printer receipt. Transaction must be sent for processing within 24 hours of the authorization. Visa CPS/Retail Restaurant DEBIT All requirements of CPS/Retail Restaurant. This rate is only applicable to U.S. issued check cards; non-US will qualify at the credit category. Visa CPS/Small Ticket CREDIT Restricted to MCC’s 4111(Local Commuter Transport, 4121(Taxicabs & Limousines), 5812(Restaurants),5814(Fast Food Restaurants), 7523(Parking Lots & Garages),7832(Motion Picture Theaters), 7841(Videotape Rental Stores) Applies to consumer Credit, including Rewards, Signature, and Infinite cards. Transaction must meet CPS Retail requirements. Only applicable to transactions $15 and under. For these transactions, merchant is not required to: 1) Obtain the cardholder signature or 2) provide a transaction receipt, unless the c/h requests one. Visa CPS/Small Ticket DEBIT All requirements of CPS/Small Ticket. This rate is only applicable to U.S. issued check cards; non-US will qualify at the credit category. Visa Express Pay CREDIT No authorization required. Restricted to MCCs 5812(Restaurant), 5814(Fast Food), 7523(Parking Garages), 7832(Movie Theaters) Only applicable for transactions $25 and under. Parking Garage maximum is $75. Applies to consumer Credit, including Rewards, Signature, and Infinite cards. For these transactions, merchant is not required to: 1) Obtain the cardholder signature or 2) provide a transaction receipt, unless the c/h requests one. Transaction must be settled within 3 days. Standard interchange rate will apply to transactions not meeting the above criteria. Although no authorization is required, if an auth is not performed, the transaction could have exposure to auth-related chargebacks. Visa Express Pay DEBIT All requirements of Visa Express Pay. This rate is only applicable to U.S. issued check cards; non-US will qualify at the credit category. Visa CPS/Retail 2 for Select Emerging Markets CREDIT Restricted to MCCs: Government (9211,9222,9399), School (8211,8220,8299), Insurance (5960,6300) and Cable and Other Pay TV (4899). Utility (4900) if not registered in CPS Utility Program as described below. Applies to consumer Credit, including Rewards, Signature, and Infinite cards. Must be electronically authorized. Transaction must be sent for processing within 24 hours of the authorization. Transactions not meeting CPS requirements will not qualify and will be classified accordingly (i.e. EIRF, etc.). MCC 5960 must meet CPS Card Not Present requirements. AVS is not required for CPS Retail 2. HOWEVER, if AVS is used, the transaction must meet requirements for CPS Card Not Present, CPS E-Commerce or CPS Retail Key Entry and the transaction will then qualify for CPS Retail 2. Visa CPS/Retail 2 for Select Emerging Markets DEBIT All requirements of CPS/Retail 2. This rate is only applicable to U.S. issued check cards; non-US will qualify at the credit category. CPS Utility CREDIT Restricted to MCC 4900 and Consumer Cards ONLY. Transactions must meet CPS Requirements. Must be electronically authorized. Transactions not meeting CPS requirements will not qualify and will be classified accordingly (i.e. EIRF, etc.). Registration Required CPS Utility DEBIT All Requirements of CPS Utility. This rate is applicable to U.S. issued check cards; non-US will qualify at the credit category. Visa CPS/Retail Key-Entry CREDIT THIS RATE IS ONLY FOR FACE-TO-FACE TRANSACTIONS THAT HAVE A CARD PRESENT BUT FAIL MAG SWIPE ATTEMPT. Cardholder, card, merchant and card-reading terminal must be present at the point of sale; cardholder signature is obtained. Must meet all CPS/Retail requirements, except for reading and transmitting the entire, unaltered contents of the magnetic stripe. Transaction is keyed and has entry mode of 01. Address Verification Service (AVS) is performed at time of authorization, and a full match response must be received on the cardholder’s billing zip code. MCCs 5542 (AFD), Direct Marketing MCCs 5960, 5962, 5964-5969, are not eligible to receive the CPS/Retail Key-Entry interchange rate. Quasi-cash and cardholder-activated transactions are also not eligible for this rate. Visa CPS/Retail Key-Entry DEBIT All requirements of CPS/Retail Key-Entry. This rate is only applicable to U.S. issued check cards; non-US will qualify at the credit category. Visa CPS/Card Not Present CREDIT THIS RATE IS ONLY FOR TRANSACTIONS THAT DO NOT HAVE A CARD PRESENT AND ARE MAIL/PHONE ORDER. There can be only one electronic authorization or one authorization plus an authorization reversal to make the auth amount equal to the settled amount. An address verification request must be performed on the cardholder’s billing zip code; a match is not required. Transaction must be settled within 2 days. Settled amount is equal to authorized amount. Transaction date is the ship date and must be no later than seven days after the auth date. Customer service telephone number required in settlement record. Customer order number required in settlement record. Visa CPS/Card Not Present DEBIT All requirements of CPS/Card Not Present. This rate is only applicable to U.S. issued check cards; non-US will qualify at the credit category. Visa CPS / Electronic Commerce – Basic CREDIT THIS RATE IS FOR TRANSACTIONS THAT DO NOT HAVE A CARD PRESENT AND ARE PURCHASED OVER THE INTERNET. In addition to same requirements for CPS Card Not Present, transaction must be properly identified as E-Commerce. Customer service telephone number, e-mail address or merchant URL required in settlement record. Visa CPS / Electronic Commerce – Basic DEBIT All requirements of CPS/Electronic Commerce Basic. This rate is only applicable to U.S. issued check cards; non-US will qualify at the credit category. Visa CPS / Electronic Commerce– Preferred CREDIT All requirements of CPS/Electronic Commerce Basic. Applies to consumer Credit, including Rewards, Signature, and Infinite cards. Secure E-Commerce transaction utilizing 3-D secure processing (Verified by Visa). Visa CPS/ Electronic Commerce Preferred DEBIT All requirements of CPS/Electronic Commerce Basic. This rate is only applicable to U.S. issued check cards; non-US will qualify at the credit category. Visa CPS/Supermarket CREDIT MUST BE CERTIFIED & REGISTERED WITH VISA/ MCC 5411 To qualify for the supermarket rate, ALL CPS/Retail requirements must be met. Visa CPS/Supermarket DEBIT All requirements of CPS/Supermarket Credit Card. This rate is only applicable to U.S. issued check cards; non-US will qualify at the credit category. Visa CPS Retail Service Station CREDIT Cardholder, card, merchant and card-reading terminal must be present at the point of sale. Card must be swiped for authorization and the full, unaltered contents of the magnetic stripe must be transmitted (entry mode of 90 required). Electronic authorization required; only one authorization per transaction allowed. Applies to transaction with MCC 5541. Signature must be obtained on the credit card slip or printer receipt. Transaction must be sent for processing within 24 hours of the authorization. Visa CPS Retail Service Station DEBIT All requirements of CPS/Retail Service Station. This rate is only applicable to U.S. issued check cards; non-US will qualify at the credit category. Visa CPS/Automated Fuel Dispenser CREDIT MUST BE CERTIFIED WITH VISA/MCC 5542. Only be one electronic authorization per transaction and entry mode of 90 required. Transaction must be sent for processing within 24 hours of the authorization. Market-specific requirements: $1 status check required. The settled amount must be less than or equal to $75. Merchant name and location must be provided in authorization record. Visa CPS/Automated Fuel Dispenser DEBIT All requirements of CPS/Automated Fuel Dispenser. This rate is only applicable to U.S. issued check cards; non-US will qualify at the credit category. CPS/Hotel-Card Present CPS/Auto Rental-Card Present CREDIT Credit card must be present and must be swiped for authorizations and the full, unaltered contents of the magnetic stripe must be transmitted (entry mode of 90 required). Multiple authorizations are allowed. The settled amount must be within 15% of the authorized amount (one authorization reversal is allowed to achieve this.) Total auth amount must also be submitted. Signature must be obtained on the credit card slip or printer receipt. Transaction must be settled within 2 days. Transaction date is checkout date for CPS Hotel; auto return date for CPS Auto Rental. Indicator for ancillary charges and no show required. Folio number and Check In Date must be provided for CPS Hotel; rental agreement number and auto check-out date must be provided for CPS Auto Rental. CPS/Hotel-Card Present CPS/Auto Rental-Card Present DEBIT All requirements of CPS/Hotel and Car Rental Card Present. This rate is only applicable to U.S. issued check cards; non-US will qualify at the credit category. CPS/Hotel-Card Not Present CPS/Auto Rental-Card Not Present CREDIT Must meet ALL requirements for CPS Hotel /Car Rental Card Present EXCEPT: Signature and mag stripe not required. Indicator for Preferred Customer required in authorization and settlement. Merchant forfeits representment rights on “invalid T&E transactions”. All Hotel and Auto Rental MCCs eligible for this category. CPS/Hotel-Card Not Present CPS/Auto Rental-Card Not Present DEBIT All requirements of CPS/Hotel and Car Rental Card Not Present. This rate is only applicable to U.S. issued check cards; non-US will qualify at the credit category. CPS/Electronic Commerce Preferred Hotel / Car Rental CREDIT All of the requirements are the same as for above CPS Hotel/ Car Rental Card Not Present. The merchant must participate in Verified By Visa. CPS/Electronic Commerce Preferred Hotel / Car Rental DEBIT All requirements of CPS/Electronic Commerce Preferred Hotel Car Rental. This rate is only applicable to U.S. issued check cards; non-US will qualify at the credit category. Visa CPS/U.S. Passenger Transport #1 (via telephone or travel agent) CREDIT Must have one of the following: 1) cardholder sig. 2) address verification request, or 3)contract on file. To be consistent with ARC, transaction must be cleared within 8 days. Merchant forfeits representment rights for "invalid T&E transaction" chargebacks or CNP transactions. Visa CPS/U.S. Passenger Transport #1 (via telephone or travel agent) DEBIT All requirements of CPS Passenger Transport. This rate is only applicable to U.S. issued check cards; non-US will qualify at the credit category. CPS/Electronic Commerce Preferred Passenger Transport CREDIT All of the requirements are the same as above Visa CPS/U.S. Passenger Transport #1. The merchant must participate in Verified By Visa. CPS/Electronic Commerce Preferred Passenger Transport DEBIT All requirements of CPS Electronic Commerce Preferred Passenger Transport. This rate is only applicable to U.S. issued check cards; non-US will qualify at the credit category. VISA CONSUMER RATES CPS Rewards 1 Applies to Traditional Rewards, Signature, and Infinite Cards. Applies to transactions that meet interchange criteria for the following categories: CPS Retail CPS Automated Fuel (AFD) CPS Retail Service Station CPS Supermarket CPS Rewards 2 Applies to Traditional Rewards, Signature, and Infinite Cards for transactions that meet interchange criteria for the following categories: CPS Retail Key-Entry CPS Card Not Present CPS Ecommerce Basic Applies to Traditional Rewards only for transactions that meet interchange criteria for the following categories: CPS Restaurant CPS Ecommerce Preferred Hotel and Car Rental CPS Ecommerce Preferred Passenger Transport CPS Hotel and Car Rental Card Present and Card Not Present CPS Passenger Transport Visa Electronic (EIRF) CREDIT Applies to Signature and Infinite Cards at a T&E merchants. Applies to Traditional Rewards when CPS qualification is not met. Visa Standard Applies to Traditional Rewards, Signature and Infinite Cards that do not meet EIRF requirements. Visa Commercial Card Electronic (T&E and Non T&E) Transaction must be settled within 2 days of transaction date. T&E MERCHANTS: Transaction must be CPS qualified as defined in Consumer rates. Applies to all CPS qualified Corporate/Business/Purchasing cards at T&E merchants Hotel and Auto Rental transactions must meet CPS Hotel or Auto Rental-Card Present requirements. NON T&E MERCHANTS: Applies to Purchasing cards at non-T&E merchants when Level II/III data is not provided. Applies to Corporate/Business cards at non-T&E merchants when Level II data is not provided Level II Data: STATIC DATA: Merchant Tax ID, Merchant Type (from Merchant record on FDMS) POS PROMPTS: Local Tax Indicator, Tax Amt, Customer Code. Cardholder provides Customer Code to merchant. Sales Tax amount must either be zero for tax exempt items or, for taxable items, between .1% and 22% of the transaction amount. KEYED TRANSACTIONS: Hotel and Auto Rental transactions must meet CPS Hotel or Auto Rental-Card Not Present requirements. Visa Commercial Product Level III (Non T&E) Applies to non T&E merchants. Applies only to non-GSA Purchasing cards. Applies to swiped and keyed transactions. Transactions must be CPS qualified as defined in Consumer rates. Level II data required. Level III data required. Level III data includes line item transaction detail such as quantity and type of goods/service. If transaction is not CPS qualified the transaction will qualify at Visa Commercial Card Electronic. Visa Commercial Product Level II (Non T&E) Applies to non T&E merchants only. Applies to all Visa Corporate, Business, Purchasing (including GSA) cards. Transactions must be CPS qualified as defined in Consumer rates. Applies to swiped and keyed transactions. Level II Data: STATIC DATA: Merchant Tax ID, Merchant Type (from Merchant record on FDMS) POS PROMPTS: Local Tax Indicator, Tax Amt, Customer Code. Cardholder provides Customer Code to merchant. Sales Tax amount must either be zero for tax exempt items or, for taxable items, between .1% and 22% of the transaction amount. Fleet fuel transactions at Fuel merchant require fuel data. If transaction is not CPS qualified the transaction will qualify at Visa Commercial Card Electronic. Visa General Services Administration (GSA) Purchasing Card Large Ticket (Non-T&E) Applies to GSA-issued purchasing cards only. Transaction must be CPS qualified. Level 2 (sales tax and customer Visa General Services Administration (GSA) Purchasing Card Large Ticket (Non-T&E) Applies to GSA-issued purchasing cards only. Transaction must be CPS qualified. Level 2 (sales tax and customer code) and Level 3 (line item) data required. Transaction must be > $5,000 - $8749. Visa Purchasing Card Large Ticket (Non-T&E) Applies to purchasing cards only. Transaction must be CPS qualified. Level 2 (sales tax and customer code) and Level 3 (line item) data required. Applies to specific business to business MCCs only. Merchant registration and applicable registration fee required. This rate will apply to transactions above break-even amount of $4985.71and above. For transactions below $4985.70, Visa Commercial Product Level III Non T&E rate will be applied. Visa Commercial Card Standard (T&E and Non T&E) T&E transactions that do not meet CPS requirements as detailed above. (i.e. only meets EIRF or Standard requirements.) Transaction settled more than 2 days after transaction date. VISA INTERNATIONAL RATES Visa International Electronic In addition to meeting the International qualification criteria, transaction requirements include the following: Transaction must be swiped (entry mode 02 or 90) and transaction must be settled within 3 days. Visa International Standard In addition to meeting the International qualification criteria, transaction requirements include the following: Keyed transactions (entry mode 01) and transactions settled after 4 days. Visa International Commercial Card In addition to meeting the above criteria, transaction requirements include the following: Applies to all Commercial Cards. MASTERCARD CONSUMER RATES MasterCard Merit 3 Credit Cardholder, card, merchant and card-reading terminal must be present at the point of sale. Card must be swiped for authorization and the full, unaltered contents of the magnetic stripe must be transmitted (entry mode of 90 required). Signature must be obtained on the credit card slip or printer receipt. Restaurant, Fast Food, and Drinking Places are exempt from the tolerance edit. Beauty Shop transactions must be within 25% of the authorized amount; all other transactions must be within 10% of the authorized amount. Transaction must be settled within 24 hours of authorization. Issuer approval code must be present in settlement record. Swiped Hotel and Car Rental transactions with appropriate T&E data (folio, check in date, etc.) will qualify if settled within 24 hours of transaction date, which is the check out date. MasterCard Merit 3 Debit All requirements of Merit 3. This rate is only applicable to U.S. issued check cards; non-US will qualify at the credit category. MasterCard Restaurant Debit Applies to: Restaurants (5812) and Fast Food (5814). Must Meet Merit III requirements, including magnetic stripe data. Transaction must be settled within 24 hours of authorization. This rate is only applicable to U.S. issued check cards; non-US will qualify at the credit category. MasterCard Key-Entered Credit THIS RATE IS FOR TRANSACTIONS THAT HAVE A CARD PRESENT BUT FAIL MAG SWIPE ATTEMPT. Only retail and restaurant MCCs are eligible for this interchange rate. Other T&E, Service related and Quasi-Cash MCCs are not eligible. Must meet ALL Merit III requirements (listed above) EXCEPT for the transmission of the entire, unaltered contents of the magnetic stripe. Electronic authorization required (voice auths, code 10, referrals, etc. drop to Standard). Keyed transaction- entry mode of 01 required; transaction must be settled within 24 hours of the authorization. Direct marketing/Automated Fuel Disp (AFD) MCCs, Travel Agents (4722), and Tax Preparation Services (7276) are not eligible for this interchange rate. MasterCard Key-Entered Debit All requirements of Key-Entered. This rate is only applicable to U.S. issued check cards; non-US will qualify at the credit category. MasterCard Merit 1 Credit THIS RATE IS FOR TRANSACTIONS THAT DO NOT HAVE A CARD PRESENT. Electronic authorization required (voice auths, code 10, referrals, etc. drop to Standard). Transaction must be settled within two days (except for Merit I airline transactions - 9 days). Issuer approval code must be present in settlement record (except for Merit I airline transactions). MasterCard Merit 1 Debit All requirements of Merit 1. This rate is only applicable to U.S. issued check cards; non-US will qualify at the credit category. MasterCard Merit 1 Debit All requirements of Merit 1. This rate is only applicable to U.S. issued check cards; non-US will qualify at the credit category. MasterCard Standard Credit Transactions not electronically authorized (voice auths, code 10s, referrals, etc); electronic transactions that are not otherwise qualified (i.e. full, unaltered contents of the magnetic stripe are not transmitted [possibly due to merchant non-compliant software or card not containing full data]). Transaction must be settled within 30 days. MasterCard Standard Debit All requirements of Standard. This rate is only applicable to U.S. issued check cards; non-US will qualify at the credit category. MasterCard Convenience Purchases Credit Applies to: Fast Food (5814), Convenience Stores (5499), Gas (5541), AFD (5542), Movie Theaters (7832) Must Meet Merit III or MC AFD (Automated Fuel Dispenser) requirements, including magnetic stripe data. Transactions initiated with a transponder will qualify without the mag-stripe data. Transaction must be settled within 24 hours of authorization. Applies to transactions below break-even amount of $37.04. Transactions above $37.04 qualify for Merit III. Applies to all AFD (MCC 5542) transactions (no break-even applied): Credit card must be present, swiped for authorization and mag stripe read. CAT Level 2 terminal indicator required in auth message. MasterCard Petroleum - CAT/AFD Debit Applies to: CAT/AFD (MCC 5542). Credit card must be present, swiped for authorization and mag stripe read. CAT Level 2 terminal indicator required in auth message. This rate is only applicable to U.S. issued check cards; non-US will qualify at the credit category. MasterCard Petroleum - CAT/AFD Debit Applies to: CAT/AFD (MCC 5542). Credit card must be present, swiped for authorization and mag stripe read. CAT Level 2 terminal indicator required in auth message. This rate is only applicable to U.S. issued check cards; non-US will qualify at the credit category. MasterCard Petroleum – Service Stations Debit Applies to: Inside Sales (5541) Must Meet Merit III requirements, including magnetic stripe data. This rate is only applicable to U.S. issued check cards; non-US will qualify at the credit category. MasterCard Small Ticket Debit Applies to: Transportation-Commuter Passenger including Ferries(4111), Limos and Taxicabs (4121), Convenience Stores (5499), Restaurants (5812), Fast Food (5814), Parking Lots/Garages (7523) Movie Theaters (7832) and Video Entertainment Rental Stores (7841). Applies to transactions of $15.00 or less. Must Meet Merit III requirements, including magnetic stripe data. Transactions initiated with a transponder will qualify without the mag-stripe data. Transaction must be settled within 24 hours of authorization. This rate is only applicable to U.S. issued check cards; non-US will qualify at the credit category. MasterCard Quick Pay MUST BE REGISTERED and restricted to MCCs 5814(Fast Food), 5912(Drug Stores, Pharmacies), 5499(Miscellaneous Food Stores), 5541(Service Stations), 7523(Parking Garages), 7832(Movie Theaters). Only applicable for transactions $25 and under. Parking Garage maximum is $75.00. For these transactions, merchant is not required to: 1) obtain the cardholder signature or 2) provide a transaction receipt, unless the c/h requests one. Transaction must be settled within 3 days. There is no interchange rate associated with this category; transactions will qualify for MC interchange based on criteria met (i.e. if transaction meets Merit III requirements, it will qualify for Merit III). MasterCard Supermarket Credit Must be a qualified and registered MasterCard Supermarket merchant (MCC 5411). Must meet Merit III requirements. MasterCard Supermarket Debit Must be a qualified and registered MasterCard Supermarket merchant (MCC 5411). Must meet Merit III requirements. The rate is only applicable to U.S. issued check cards; non-U.S. will qualify at the International Rates. MasterCard Warehouse Club Credit Qualified and registered warehouse club merchant, MCC 5300. Must meet Merit III requirements. MasterCard Warehouse Club Debit Qualified and registered warehouse club merchant, MCC 5300. Must meet Merit III requirements. The rate is only applicable to U.S. issued check cards; non-U.S. will qualify at the International Rates. Service Industries Incentive Program (SIIP) Credit Restricted to keyed transactions at MCCs: 4812(Telecommunication Equipment), 4814 (Telecommunication Services), 4899(Cable and Other Pay TV), 4900(Utilities), 5960 and 6300 (Insurance). Applies to consumer cards only. Merchant must sign marketing agreement with MasterCard. Electronic authorization required and must be settled within 1 day of authorization. Transaction must include special indicator in auth and settlement records. Service Industries Incentive Program (SIIP) Debit All requirements of Service Industries Incentive Program (SIIP). Registered merchants with the above MCCs, this rate will apply to transactions below break-even amount of $57.14 and less. For transactions above $57.14, the Emerging Market debit rate will be applied. This rate is only applicable to U.S. issued check cards; non-US will qualify at the credit category. MasterCard Emerging Market Debit Applies to MCCs: Cable and Other Pay TV(4899), Utilities(4900), Insurance (5960 and 6300), Courts (9211), Fines (9222), Bail Bonds (9223), Taxes (9311) , Government Services Not Elsewhere Classified(9399), and Schools (8211,8220,8299). Electronic authorization required and must be settled within two days of authorization. For SIIP registered merchants with the above MCCs, this rate will apply to transactions above break-even of $57.14 and above. For transactions below $57.14, the SIIP debit rate will be applied. This rate does not apply to MCCs: Telecommunication Equipment(4812), and Telecommunication Svcs (4814). The rate is only applicable to U.S. issued check cards; non-U.S. will qualify at the International Rates. Public Sector Credit Restricted to transactions at MCCs: 9211(Courts), 9222(Fines), 9223(Bail Bonds), 9311(Taxes) and 9399(Government Services Not Elsewhere Classified). Applies to consumer cards only. Electronic authorization required and must be settled within two days of authorization. Travel Industries Premier Service (TIPS) [Preferred T&E] Credit MUST BE CERTIFIED WITH MASTERCARD. Electronic authorization required; signature and mag swipe not required. Indicator for Preferred Customer required. Merchant forfeits representment rights on “fraudulent transaction--no imprint” chargebacks. Transaction must be settled within 24 hours of transaction. Hotel and Car Rental transactions limited to Merchant specific registered MCCs. Applies to all Cruise Lines transactions. Travel Industries Premier Service (TIPS) [Preferred T&E] Debit All requirements of Travel Industries Premier Service (TIPS). This rate is only applicable to U.S. issued check cards; non-US will qualify at the credit category. World MasterCard (T&E) Credit Applies to World MasterCard cards accepted at T&E merchants. Special chargeback rules apply. Includes Passenger Railway (MCC 4112). MasterCard Passenger Transport (T&E) Credit Airline MCCs (3000-3350, 4511) and Passenger Railway MCC (4112). Applies to Consumer Cards only. Magnetic stripe not required: authorization required. Requires the 635/636 Passenger Transport Format 1 and Format 2 records. MasterCard Passenger Transport (T&E) Debit All requirements of Passenger Transport (T&E). This rate is only applicable to U.S. issued check cards; non-US will qualify at the credit category. WORLD MASTERCARD RATES World MasterCard Merit 3 Credit All requirements of Merit 3 credit. Applies to World MasterCard. World MasterCard Restaurant Credit Applies to MCC 5812 All requirements of Merit 3 credit. Applies to transactions below break-even amount of $60.00. Transactions above $60.00 will qualify at World Card T&E. World MasterCard Key-Entered Credit All requirements of Key-Entered credit. Applies to World MasterCard. World MasterCard Merit 1 Credit All requirements of Merit 1 credit. Applies to World MasterCard. World MasterCard Standard Credit All requirements of Standard credit Applies to World MasterCard. World MasterCard Convenience Purchase Credit All requirements of Convenience Purchase credit. Applies to World MasterCard. World MasterCard Supermarket Credit All requirements of Standard credit Applies to World MasterCard. World MasterCard Supermarket Credit All requirements of Standard credit Applies to World MasterCard. World MasterCard Warehouse Club Credit All requirements of Warehouse Club Credit Applies to World MasterCard. World Service Industries Incenitve Program (SIIP) Credit All requirements of SIIP credit. Applies to World MasterCard. World MasterCard Public Sector Credit All requirements of Public Sector credit. Applies to World MasterCard. MASTERCARD COMMERCIAL RATES Corporate Face-to-Face (Non-T&E) Applies to Business, Corporate, Purchasing and Fleet (excluding fuel MCCs for Fleet) cards. Swiped transaction--Card and cardholder must be present and entire contents of magnetic stripe must be read and transmitted. Level II Data Required: STATIC DATA: Merchant Tax ID, Merchant Type, POS PROMPTS: Tax Amt, Cust Code. Cardholder provides Customer Code to merchant. Transaction must be settled within 24 hours of the authorization. Corporate Data Rate III (Non-T&E) Applies to Purchasing/Fleet, Business and Corporate cards only. As of April 1, 2005 Fuel MCC’s are eligible for this rate. Level II Data Required. Additional Level III data required. Level III data includes line item transaction detail such as quantity and type of goods/service. Transaction must be settled within two days. Keyed transaction; electronic authorization required. Corporate Data Rate II (Non-T&E) Level II Data Required. Applies to Purchasing Cards. Applies to Business/Corporate cards; Customer Code not required. Applies to Fleet cards; additional fuel addendum data required. Transaction must be settled within two days. Keyed transaction; electronic authorization required. Corporate Data Rate I (Non-T&E) Applies to Business, Corporate, Purchasing and Fleet cards. Transaction must be settled within two days. Keyed transaction; electronic authorization required. Valid Tax ID Required Corporate Large Ticket (Non-T&E) Applies to Business, Corporate, Purchasing and Fleet cards only. Transaction must be greater than $5333.33 for Fleet Data Rate II, $7272.73 for Data Rate III and $5333.33 for a Face-to-Face transaction. Transaction must be settled within 24 hours of the authorization; electronic authorization required. Level II and Level III Data REQUIRED. Corporate T&E III (T&E) Electronic authorization; swiped or keyed. Business, Corporate, Purchasing and Fleet cards (Fleet only at non-fuel MCCs). Lodging, airline, passenger railway, and auto rental merchants. Restaurant merchants are not eligible for this interchange rate. Appropriate T&E addendum data required (i.e. folio, check-in, check-out, etc.) Additional T&E data elements required (i.e. room rate, room tax, property phone #, etc.) Transaction must be settled within two days. Corporate T&E II (T&E) Electronic authorization; swiped or keyed. Business, Corporate, Purchasing and Fleet cards (Fleet only at non-fuel MCCs). Lodging, airline, passenger railway, and auto rental merchants. Restaurant merchants are not eligible for this interchange rate. Appropriate T&E addendum data required (i.e. folio, check-in, check-out, etc.) Transaction must be settled within two days. Corporate T&E I (T&E) Electronic authorization; swiped or keyed. Business, Corporate, Purchasing and Fleet cards (Fleet only at non-fuel MCCs). Restaurant transactions. Applicable to lodging, airline, passenger railway, auto rental merchants when addendum data is not provided. Transaction must be settled within two days. Corporate Standard (all merchants) Applies to Business, Corporate, Purchasing and Fleet cards. Transaction must be settled within thirty days. Corporate Standard (all merchants) Applies to Business, Corporate, Purchasing and Fleet cards. Transaction must be settled within thirty days. MASTERCARD INTERNATIONAL RATES International Electronic (all merchants) Card and cardholder must be present at time of transaction. Credit card must be swiped for authorizations and captured through the magnetic stripe reader on your electronic terminal. Signature must be obtained on the credit card slip or printer receipt. Transaction must be settled within 5 days. International Standard (all merchants) Transaction is keyed. Transaction settled after 5 days. International Corporate Purchasing Data Rate II (all merchants) Applies to Purchasing/Fleet (excluding fuel MCCs for Fleet) cards only. Electronic authorization required. Level II data required. Transaction must be settled within 4 days. International Corporate Purchasing (all merchants) Applies to Purchasing/Fleet cards only. Electronic authorization required. Transaction must be settled within 30 days. International Corporate Purchasing (Large Ticket) (Non-T&E) Same as above, except transaction must be > $3000. Electronic authorization required. Transaction must be settled within 30 days. International Corporate Purchasing (Large Ticket) (Non-T&E) Same as above, except transaction must be > $3000. Electronic authorization required. Transaction must be settled within 30 days. International Corporate (all merchnts) Applies to MC Business/Corporate cards only. Transaction must be settled within 30 days. International Corporate (all merchnts) Applies to MC Business/Corporate cards only. Transaction must be settled within 30 days.