October 13, 2017 Visa Business-to-Business (B2B) Virtual

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October 13, 2017 Visa Business-to-Business (B2B) Virtual

Transcript Of October 13, 2017 Visa Business-to-Business (B2B) Virtual

October 13, 2017 – Visa Business-to-Business (B2B) Virtual
Payments Program
Visa’s new B2B Virtual Payments Program in Canada enables online travel agencies (OTAs), travel service providers and other travel payment providers to use virtual accounts to pay their suppliers for inventory. This program applies to select Merchant Category Codes (MCCs), which are listed below. The fees associated with accepting these types of payment are as follows:

FEE PROGRAM

INTERCHANGE RATE

Visa B2B Virtual Payments

2.00%

Domestic International International (USD Settlement)

CURRENT SERVICE FEE
0.08% 0.48% 0.88%

B2B VIRTUAL SERVICE FEE OCTOBER 13, 2017 0.60% 1.55% 1.55%

MCC
3000–3300 3351–3441 3501–3999 4112 4131 4411 4511 4582 4722 5962 6513 7011 7012 7032 7033 7298 7512 7513 7519 7991 7997 7999

MCC DESCRIPTION
Airlines, air carriers Car rental agencies Lodging – hotels, motels, resorts Passenger railways Bus lines Steamship and cruise lines Airlines and air carriers (not elsewhere classified) Airports, flying fields, and airport terminals Travel agencies and tour operators Direct marketing – travel-related arrangement services Real estate agents and managers – rentals Lodging – hotels, motels, resorts, central reservation services (not elsewhere classified) Timeshares Sporting and recreational camps Trailer parks and campgrounds Health and beauty spas Automobile rental agency Truck and utility trailer rentals Motor home and recreational vehicle rentals Tourist attractions and exhibits Membership clubs (sports, recreation, athletic), country clubs, and private golf courses Recreation services (not elsewhere classified)

October 13, 2017 – Mastercard Global Wholesale Travel Transaction Program (B2B)
Mastercard’s Global Wholesale Travel Transaction Program (B2B) applies to wholesale travel transactions that are initiated with virtual Mastercard account numbers. This program applies to select Merchant Category Codes (MCCs), which are listed below. The fees associated with accepting these types of payment are as follows:

FEE PROGRAM

INTERCHANGE RATE

Global Wholesale Travel Transaction Program (B2B)

2.00%

International International (USD Settlement)

CURRENT 0.40% 0.80%

GLOBAL WHOLESALE TRAVEL TRANSACTION PROGRAM B2B FEE, OCTOBER 13, 2017 0.60%
0.60%

MCC MCC 3000-3350 MCC 3351-3500 MCC 3501-3999 MCC 4112 MCC 4131 MCC 4411 MCC 4511 MCC 4582 MCC 4722 MCC 5962 MCC 6513 MCC 7011 MCC 7012 MCC 7032 MCC 7033 MCC 7298 MCC 7512 MCC 7513 MCC 7519 MCC 7991
MCC 7997
MCC 7999

MCC DESCRIPTION Airlines, Airline Carriers Car Rental Agencies Lodging—Hotels, Motels, Resorts Passenger Railway Bus Lines Cruise/Steamship Air Carriers, Airlines—not elsewhere classified Airports, Airport Terminals, Flying Fields Travel Agencies and Tour Operators Direct Marketing—Travel-Related Arrangement Services Real Estate Agents and Managers—Rentals Lodging—Hotels, Motels, Resorts—not elsewhere classified Timeshares Recreational and Sporting Camps Campgrounds and Trailer Parks Health and Beauty Spas Automobile Rental Agency—not elsewhere classified Truck Rental Motor Home and Recreational Vehicle Rental Tourist Attractions and Exhibits Clubs—Country Clubs, Membership (Athletic, Recreation, Sports), Private Golf Courses Recreation Services—not elsewhere classified

October 13, 2017 – Canada Intracountry Debit Mastercard Contactless Assessment Fees

Mastercard will be implementing a transaction-based fee of $0.004 USD for intracountry debit Mastercard contactless transactions effective October 13, 2017.

PROGRAM
Intracountry Debit Mastercard Contactless

CURRENT ASSESSMENT FEE
0.077%

NET ASSESSMENT FEE AS OF OCT 13, 2017
$0.004 USD + 0.00%

Please note: This fee will be charged in the equivalent CAD for accounts settled in Canadian dollars.

October 13, 2017 – Mastercard Canada Intracountry Utilities
transactions Assessment Fees
Mastercard will be implementing a transaction-based fee of $0.02 USD for Intracountry Utilities transactions effective October 13, 2017. This program applies for merchants classified under Merchant Category Code (MCC) 4900: Utilities – Electric, Gas, heating Oil, Sanitary, Water.

Please note: This fee will be charged in the equivalent CAD for accounts settled in Canadian dollars.

PROGRAMS Consumer Credit Utilities Core

CURRENT ASSESSMENT FEE
0.077%

ASSESSMENT FEE AS OF OCT 13, 2017
$0.02 USD + 0.00%

Consumer Credit Utilities World 0.077%

Consumer Credit Utilities World Elite
Consumer & Commercial Utilities Debit

0.077% 0.077%

$0.02 USD + 0.00% $0.02 USD + 0.00% $0.02 USD + 0.00%

November 1, 2017 – Revised Mastercard Intracountry Interchange Programs in Canada

Mastercard will be adjusting some of the interchange rates for domestic transactions in the Canada region effective November 1, 2017.

INTERCHANGE PROGRAM TYPE
Volume Tier 3 (CAD 400M net purchase volume) Independent Business in Everyday Category MasterPass
SecureCode-enabled
Electronic
Standard

Core
1.38%
1.38% 1.55% 1.55% 1.44% 1.55%

CURRENT World
1.53%

World Elite
1.90%

1.53%
1.89% 1.89% 1.77% 1.89%

1.90%
2.49% 2.49% 2.06% 2.49%

Core 1.38%

EFFECTIVE NOV 2017

World

World Elite

1.51% 1.90%

1.38%
1.44% 1.44% 1.44% 1.58%

1.51%
1.71% 1.71% 1.71% 2.29%

1.90%
2.06% 2.06% 2.06% 2.79%

November 1, 2017 – Revised Mastercard Assessment Fee
Mastercard will be adjusting its assessment fee from 0.077% to 0.080%.
For information on how these changes will impact your costs of processing credit and debit card payments with Moneris, please review your July statement message or the letter you received from Moneris. If you did not receive or cannot find the statement message or letter, please contact your Moneris Account Manager or call our 24/7 Customer Service number at 1-866319-7450.
AccountsTravel Transaction ProgramProgramUsd SettlementFee