Mastercard Networks

What is the new Digital Enablement Fee update?

FEE CHANGE | Mastercard | CANADA

Mastercard will introduce the Mastercard Digital Enablement Fee to support enhancements to fraud, safety, and security in the payments ecosystem on March 13, 2023. As part of the introduction of the new fee, Mastercard will retire certain existing Card Not Present fees.

The fee will be applied at 0.02% on all card not present authorizations with a minimum billing of $0.02 USD and a maximum of $0.20 USD per transaction.

What is the new interchange program for APAC fee change?

FEE CHANGE | Mastercard | APAC

Mastercard is introducing a lower interchange rate for commercial large ticket cross-border transactions that may reduce the overall cost associated with accepting the transaction.

To qualify for the program, merchants must meet all the following qualifying criteria. All transactions must be:

• Greater than $10,000 USD
• Card Not Present (CNP)
• Invoiced in USD and settlement with Mastercard must also be in USD. However, a Bank Identification Number (BIN) can be in any currency.
• Non-travel and entertainment (T&E) spend categories only.
• Cross-border and intraregional Asia/Pacific region
• Issuer country not Korea
• Restricted to B2B acceptance enablers who have registered in Mastercard's Business Payment Aggregator Program (BPAP).
  • A BPA is a Merchant of Record and an entity accepting the card transactions on-behalf of an end Supplier.

What is the Standardization of transaction data elements mandate?

MANDATE| Mastercard | GLOBAL

In April and June 2023, Mastercard will be introducing new service location data fields for clearing messages (April 2023) and authorization messages (June 2023). These new fields help add details around where the transaction took place and will provide customer service information to cardholders.

This mandate will require merchants that move to provide more detailed information about their actual transaction location. The current expectation is that merchants do not need to be ready for this mandate just yet and as such is provided as information regarding a future update.

Reference the tables in the appendix for information about the new fields.

What are the Revised Standards for Europe Region Final Authorization Clearing Submission Acceleration?

MANDATE| Mastercard | EUROPE

Beginning May 22, 2023, Mastercard is requiring that merchant processing in Europe must submit the clearing record for each transaction authorized as a final authorization within three calendar days of the authorization approval date. This is an adjustment down from the current seven calendar days timeline currently in effect. This mandate does not apply to estimated/ incremental authorization transactions.