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.