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WRF Blog Update

Interchange and Network Fee Notification for Payment Processing – April 2018

Effective April 1, 2018, there are a number of new and revised interchange and network fee structures being implemented by VISA, MasterCard and Discover Card. Wind River Financial believes in transparency of all association fees applicable to your merchant processing costs, so we will be passing through these new fees with no mark-ups or changes. There are hundreds of fee structures and not all are applicable to all card types or to all merchants, so detailed below are the few that will affect most merchants’ day to day transaction processing costs. For a full listing of these new fees, you can read the complete April 2018 Interchange Modifications report.

VISA Transaction Integrity Fee (TIF) Addition – In April 2012, VISA introduced a $0.10 fee for each signature debit card that wasn’t eligible to qualify for the Custom Payment Service (CPS) program. The TIF charge will now be extended to U.S. domestic and certain inter-regional Visa credit card purchase transactions that fail CPS qualification. This fee will be charged in addition to the applicable interchange fee. To avoid this fee, make sure you obtain a card swipe for Card Present transactions and include an invoice number along with an AVS attempt for Card Not Present transactions. Please note. The new charge will not apply to credit refund transactions. For further information, please contact your Wind River Financial Relationship Manager.

VISA Interchange Fee Program Increases and Revisions – Effective April 1, 2018, Visa will modify the Fixed Acquirer Network Fee (FANF) rates for certain monthly gross sales volume tiers within Table 2 (i.e. All Card Not Present Volume, Fast Food Restaurants, and Unattended Terminals).

MasterCard Fee Program Increase and Revision – Effective April 1, 2018, MasterCard is revising the Acquirer Brand Volume Fee on consumer and commercial credit volume for transactions that are less than $1,000 USD as well as signature debit transactions.

Discover Card Fee Program Increases, Additions and Revisions – Discover will revise the rates for several international consumer and commercial credit card interchange programs.

As mentioned, you can read more about the interchange and network fee updates in the April 2018 report.

October 2017 Interchange and Network Fee Notification for Payment Processing

There are a number of new and revised fee structures effective October 1, 2017 being implemented by VISA. Wind River Financial believes in transparency of all association fees applicable to your merchant processing costs, so we will be passing through these new fees with no mark-ups or changes.

There are hundreds of fee structures and not all are applicable to all card types or to all merchants, so detailed below are the few that will affect most merchants’ day to day transaction processing costs. For a full listing of these new fees please go to our website in our Merchant Portal and Resource Library, Pricing and look for the title October 2017 Interchange Modifications.

VISA Interchange Fee Program Additions and Revisions – Visa will introduce new interchange programs for Corporate and Purchasing card transactions accepted at fuel businesses as well as revise some existing Commercial Card interchange rates and U.S. Government interchange programs. Click here for details.

April 2017 Interchange and Network Fee Notification for Payment Processing

There are a number of new and revised fee structures effective April 1, 2017 being implemented by VISA, MasterCard, Discover Card, PULSE and NYCE. Wind River Financial believes in transparency of all association fees applicable to your merchant processing costs, so we will be passing through these new fees with no mark-ups or changes. There are hundreds of fee structures and not all are applicable to all card types or to all merchants, so detailed below are the few that will affect most merchants’ day to day transaction processing costs. For a full listing of these new fees please go to our website in our Merchant Portal and Resource Library, Pricing and look for the title April 2017 Interchange Modifications.

VISA Interchange Fee Program Additions and Revision  Visa will introduce new interchange programs for both B2B Virtual Payment and U.S. Government categories as well as revise the interchange rate for the Private Label Premium product. Click here for details.

MasterCard Interchange Fee Program Additions and Revisions – MasterCard is introducing new interchange programs for Refund transactions from Regulated debit cards as well as within the Large Market category. MasterCard is revising several Commercial Card interchange rates as well as revising both the fee descriptors and rates for two existing Large Market programs. Click here for details.

Discover Card Fee Program Increases – Discover will revise the rates for several consumer credit card interchange programs. Click here for details.

PULSE Merchant Participation Fee Increase– The PULSE Network will raise their annual Merchant Participation Fee from $9.00 to $12.00. This increase will be reflected on our statements for all merchants accepting PULSE PIN debit cards in the past 12 months.

NYCE Merchant Participation Fee Increase– The NYCE Network will raise their annual Merchant Participation Fee from $10.00 to $12.00. This increase will be reflected on our statements for all merchants accepting NYCE PIN debit cards in the past 12 months.

April 2016 Interchange and Network Fee Notification for Payment Processing

There are a number of new and revised fee structures effective April 1, 2016 being implemented by VISA, MasterCard, and Discover Card. Wind River Financial believes in transparency of all association fees applicable to your merchant processing costs, so we will be passing through these new fees with no mark-ups or changes. There are hundreds of fee structures and not all are applicable to all card types or to all merchants, so detailed below are the few that will affect most merchants’ day to day transaction processing costs. For a full listing of these new fees please go to our website in our Merchant Portal and Resource Library, Pricing and look for the title April 2016 Interchange Modifications.

VISA New Fee Program Visa will introduce a new BASE II Credit Voucher fee on all credit transactions. Previously there has been a fee for the settlement of a sale, now there will also be a fee for the settlement of a credit refund transaction. For details click here.

MasterCard Fee Program Increase and Revision – MasterCard is revising the pricing structure by adding a new tier for the Acquirer Brand Volume Fee on consumer and commercial credit volume for transactions that are of USD $1000.00 or higher. For details click here.

Discover Card Fee Program Increases – Discover will be making a general change to the rates of the existing Acquirer Data Usage, International Processing Fee and International Service Fee. Click here for details.

NYCE Merchant Location Participation Fee Increase– The NYCE Network will raise their annual Merchant Location Participation Fee from $7.00 to $10.00. This increase will be reflected on our statements for all merchants accepting NYCE PIN debit cards in the past 12 months.

If we can help you further understand these changes please contact us by calling Client Care 800 704-7253 or by clicking here.

Security Vulnerability Found in Browser SSL v3.0 aka “Poodle”

Wind River Financial is committed to helping our merchant clients better understand how they can best protect their businesses and customers. As part of this commitment, we sent out a communication alert to our clients on Tuesday, October 21, 2014 concerning the vulnerability found in SSL 3.0 called POODLE. 

This vulnerability could allow a hacker to carry out an attack to decrypt secure HTTP cookies, which could let them steal information or take control of the victim’s online accounts.  Within the communication, we notified you that our processing partner TSYS was discontinuing support of SSL 3.0 when accessing eConnections, their online reporting tool. 

Since that alert, many technology solution providers, including some gateway partners, have already made indications that they will stop supporting SSL 3.0.  Wind River Financial strongly recommends that clients should address this with their internal IT, Information Security, and/or Risk Management staff and have them connect with their other solution partners to assess the potential vulnerability within your current configurations.

Please review the communication link from Visa which provides guidance to mitigate this vulnerability.