There are a number of new and enhanced fee structures effective October 1, 2014 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 October 2014 Interchange Modifications.

VISA Interchange Fees and New Programs – Visa will introduce new interchange programs for Recurring Bill Payment for certain consumer products as well as make changes to US Domestic Commercial Card Fee rates . Click here for details.

MasterCard Interchange Fees – No fee changes in the October enhancements, however effective January 1, 2015 MasterCard will implement a new Digital Enablement Fee to be applied  to select cardholder card not present transactions on consumer and signature debit cards.  MasterCard will also increase its existing Acquirer Brand Volume Fee on signature debit and all consumer and commercial card volume under $1000.  Click here for details.

Discover Card Rate Changes for Existing Prepaid Interchange Programs – Discover will implement new interchange programs. Click here for details.