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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 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.

October 2015 Interchange and Network Fee Notification for Payment Processing

Effective October 1, 2015, there are a number of new and enhanced fee structures that are being implemented by VISA, MasterCard, Discover Card, and other network providers. Wind River Financial believes in transparency of all association fees applicable to your merchant processing costs, so we will be passing through these changes with no additional mark-up. For a full listing of these new fees please go to our web site in our Merchant Portal and Resource Library and look for the title October 2015 Interchange Modifications.

VISA Interchange Fees and New Programs – Visa will Implement new U.S. interchange programs to support tier qualification requirements for business card transactions. For details click here.

MasterCard Interchange Fees -MasterCard introduced new Interchange programs for U.S. Data Rate 1 Healthcare for the MasterCard Commercial Payments Account and MasterCard Prepaid Commercial Payments Account products. Click here for details.

Discover Card Rate Changes for Existing Prepaid Interchange Programs – Discover will implement new U.S. interchange programs for e-commerce transactions. Click here for details.

Wind River Fee Changes- On October 1, 2015 Wind River will increase PCI non-compliant fees by $5.00 per month.

EMV Liability Shift – On October 1, 2015 card present counterfeit fraud liability will shift to the party that has the lesser technology. Therefore if the merchant is not EMV enabled the counterfeit fraud liability will shift to them. For details click here.

Pre-register for Settlement. You will want to do it now!

If you have accepted a Visa or MasterCard for payment of your goods or services between January 1, 2004 and November 28, 2012 you will be eligible to receive a reimbursement of past interchange fees paid if the Federal Judge approves the proposed settlement in front of him. This approval is expected in September of this year.
In order for you to receive your entitled reimbursement, you will be required to file a claim. Details of the claim filing process have not been released, but we encourage you to pre-register at the official Payment Card Settlement web site https://www.paymentcardsettlement.com/en so that you are kept abreast of all information as it becomes available. In addition, this web site contains detailed information on the settlement, and your rights as a merchant within this settlement.
This is a continuation of our blog from earlier this year and Wind River will continue to update this blog when further claim information is available. Always feel free to speak with one of our knowledgeable Relationship Managers if you have any questions or concerns.

April 2013 Interchange and Network Fee Modification Notification for Payment Processing

There are a number of new and enhanced fee structures effective April 1, 2013 being implemented by VISA, MasterCard, Discover Card, and other network providers.

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 web site in our Merchant Portal and Resource Library and look for the title April 2013 Interchange Modifications.

VISA Interchange Fees and New Programs – Visa will make interchange fee changes in their programs for prepaid cards, Utility fee programs, and Credit Voucher programs. They will also be expiring certain interchange programs. Click here for details.

MasterCard Interchange Fees – MasterCard introduces a new Prepaid Online bill payment interchange program and rate changes to existing consumer and commercial cards. Click here for details.

Discover Card Separation of Prepaid and Debit Interchange Programs – Discover will separate Prepaid and Debit categories for several existing interchange programs. Click here for details.

VISA Agent Registration Fee – Visa has implemented an Agent Registration Fee which will be .005% of Visa volume and be reflected in the Visa assessment line item on monthly statements.

Pulse Merchant Participation Fee – The Pulse Debit Network will charge a $6.00 annual participation fee to merchants processing a pin debit transaction on the Pulse network anytime throughout the year.