Network Updates

Visa Networksanchor

What are the Visa Processing Integrity Fees?anchor

FEE CHANGE | VISA |CEMEA, CA, AP, EU, Latin America and the Caribbean

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Effective Date: 1 April 2024 (APAC excluding Japan); 25 April 2024 (CEMEA, EU, LAC excluding Brazil and Chile); 25 May 2024 (Canada)

Merchant Impact

Visa will begin compliance monitoring for the Processing Integrity Program with the introduction of 2 new fees:

  • Misuse of Authorization System: assessed to approved or partially approved auth transactions that cannot be matched to a clearing transactions or authorization reversal.
  • Unmatched Clearing: assessed on clearing transactions that cannot be matched to previously approved or partially approved auth transactions.

Region 

PreviousEffective Date 

Updated Effective Date

FeeRate(pertransaction) 

CEMEA 

10/1/23

4/25/24 

$0.05

Canada

1/25/24

5/25/24 

$0.05

APAC (excluding Japan)

4/1/24

4/1/24 

$0.05

EU* 

7/1/23

4/25/24 

$0.01

LAC (excluding Brazil / Chile)

7/1/23

4/25/24

$0.05

*EU rate rises to $0.05 per transaction in July 2024.

What is the Visa Global Processing Electronic Data Quality Program?anchor

FEATURE CHANGE | VISA | Global

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Effective Date: October 2023 (optional for Europe until October 2024)

Merchant Impact

Visa is introducing its Electronic Data Quality Program (EDQP) globally from October 2023. Visa expects that data sourced from the authorization will be carried exactly into clearing and be present in all clearing messages at a future date (see Table 1). This program will be an optional participation program for Europe until October 2024. An enforcement date has not been communicated for EU yet.

Visa is introducing changes to globally enforce electronic data quality of core processing in the form of the Electronic Data Quality Program (EDQP), which aims to standardize processing and electronically evaluate consistency in sets of data between authorization and clearing messages.

Table 1 - Electronic Data Quality Program (EDQP) Rollout Schedule

Region 

Country

Available

Required

Enforced

APAC

India

April 2024

April 2024

April 2024

All other APAC countries

TBA

TBA

Canada

Canada

April 2024

October 2024

CEMEA

All

April 2024

October 2025

Europe

All

October 2024

TBA

LAC

All

TBA

TBA

U.S.

U.S.

April 2024

October 2024

Implementation for acquirers will be available beginning in October 2023, with detailed implementation specifics published in Versions 2 and 3 of the October 2023 Global Technical Letter (December 2023/ February 2024). Transactions that do not meet the EDQP requirements will be downgraded (reclassified in BASE 2). Visa is introducing a new data element - Account Funding Source - that will be populated in the transaction response beginning October 2023. AFS is a data element needed to support the recently announced Visa Multiple Accounts Access Service (VMAAS).  Other existing data elements presently available in an authorization response are also in scope for the program (see Table 2), and Visa will begin monitoring that they are consistently passed in clearing messages. 

Table 2 – EDQP Data elements in scope

Data Element

Description

Account Number

A payment credential presented in the transaction

Authorized Amount

The amount presented in the authorization response

Authorization Code

The issuer authorization result

Authorization Characteristics Indicator

The adjudicated value assigned by Visa in the response

Authorization Response Code

The approved response value provided by issuer

Authorization Currency Code

The currency of the authorization

Account Funding Source

The funding source type associated with the payment credential

Cardholder Identification (ID) Method

Indicates the type of ID used to identify the cardholder

Cashback Amount

The portion of the total transaction amount that was given as cashback to the consumer

Market-specific Authorization Data Indicator

A use-case driven value that identifies a specific program associated with the transaction

Merchant Category Code

A merchant designation

POS Entry Mode

The method used to capture the payment credential

Product ID

A Visa Product identifier associated with the transaction value. The product ID, in combination with the account funding source, determines transaction economics

Transaction Identifier

A unique Visa-assigned identifier that is used to link all authorization, clearing, and dispute transactions

Validation Code

A unique cryptographic result that is calculated based on the above response data used to ensure data between authorization and clearing has not been modified

Electronic Commerce Indicator (ECI) / MOTO Indicator

Indicates the type of transaction performed by mail order, telephone, or electronic commerce

Spend Qualification Indicator

A value assigned during authorization response to identify the spending categorization

POS Environment

A value that reflects the nature of the transaction

What are the Modifications to Certain US Interchange Rates and Programs?anchor

FEE CHANGE | VISA | US

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Effective Date: 13 April 2024

Merchant Impact

Interchange adjustments based on Visa products used by the merchants' consumers. Merchants will see continued interchange savings when transactions are tokenized. Visa will modify interchange rates select transactions (see Table 3).

Table 3 – Visa modifications to interchange rates for select transactions

Interchange Program

Product

Existing Interchange Rate

New Interchange Rate(Effective CPD 13 April 2024)

Healthcare

Visa Traditional

1.53% + $0.05

1.52% + $0.10

Visa Traditional Rewards

Visa Signature

Visa Infinite (Non-Qualified)

Visa Signature Preferred

2.40% + $0.10

2.38% + $0.15

Visa Infinite (Qualified)

2.40% + $0.10

2.39% + $0.15

Healthcare Tokenized

Visa Traditional

1.43% + $0.05

1.42% + $0.10

Visa Traditional Rewards

Visa Signature

Visa Infinite (Non-Qualified)

Visa Signature Preferred

2.30% + $0.10

2.28% + $0.15

Visa Infinite (Qualified)

2.30% + $0.10

2.29% + $0.15

Education

Visa Traditional

1.53% + $0.05

1.52% + $0.10

Visa Traditional Rewards

Visa Signature

Visa Infinite (Non-Qualified)

Visa Signature Preferred

2.25% + $0.10

2.23% + $0.15

Visa Infinite (Qualified)

2.25% + $0.10

2.24% + $0.15

Education Tokenized

Visa Traditional

1.43% + $0.05

1.42% + $0.10

Visa Traditional Rewards

Visa Signature

Visa Infinite (Non-Qualified)

Visa Signature Preferred

2.15% + $0.10

2.13% + $0.15

Visa Infinite (Qualified)

2.15% + $0.10

2.14% + $0.15

Real Estate

Visa Traditional

1.53% + $0.05

1.52% + $0.10

Visa Traditional Rewards

Visa Signature

Visa Infinite (Non-Qualified)

Visa Signature Preferred

2.25% + $0.10

2.23% + $0.15

Visa Infinite (Qualified)

2.25% + $0.10

2.24% + $0.15

Real Estate Tokenized

Visa Traditional

1.43% + $0.05

1.42% + $0.10

Visa Traditional Rewards

Visa Signature

Visa Infinite (Non-Qualified)

Visa Signature Preferred

2.15% + $0.10

2.13% + $0.15

Visa Infinite (Qualified)

2.15% + $0.10

2.14% + $0.15

Services

Visa Traditional

1.65% + $0.10

1.60% + $0.15

Visa Traditional Rewards

1.80% + $0.10

1.65% + $0.15

Visa Signature

1.95% + $0.10

1.90% + $0.15

Visa Infinite (Non-Qualified)

2.40% + $0.10

2.42% + $0.15

Visa Signature Preferred

1.95% + $0.10

1.90% + $0.15

Visa Infinite (Qualified)

2.40% + $0.10

2.42% + $0.15

Services Tokenized

Visa Traditional

1.55% + $0.10

1.50% + $0.15

Visa Traditional Rewards

1.70% + $0.10

1.55% + $0.15

Visa Signature

1.85% + $0.10

1.80% + $0.15

Visa Infinite (Non-Qualified)

2.30% + $0.10

2.32% + $0.15

Visa Signature Preferred

1.85% + $0.10

1.80% + $0.15

Visa Infinite (Qualified)

2.30% + $0.10

2.32% + $0.15

Travel

Visa Traditional

1.75% + $0.10

1.76% + $0.10

Visa Traditional Rewards

1.95% + $0.10

1.96% + $0.10

Visa Signature

2.25% + $0.10

2.26% + $0.10

Visa Signature Preferred

2.40 % + $0.10

2.42% + $0.11

Product 1

Visa Traditional

1.89% + $0.10

1.90% + $0.10

Visa Traditional Rewards

2.04% + $0.10

2.05% + $0.10

Visa Signature

2.05% + $0.10

2.06% + $0.10

Visa Signature Preferred

2.50% + $0.10

2.52% + $0.10

Product 1 Tokenized

Visa Traditional

1.80% + $0.10

1.81% + $0.10

Visa Traditional Rewards

1.95% + $0.10

1.96% + $0.10

Visa Signature

1.95% + $0.10

1.96% + $0.10

Visa Signature Preferred

2.40% + $0.10

2.42% + $0.10


I think the new rate here should be 2.52% [KV1]

What is the Intra-Europe EEA Commercial Interchange Fees Mandate?anchor

FEE CHANGE | VISA | EU

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Effective Dates: 13 April 2024

Merchant Impact

Visa will update intra-Europe EEA interchange fees for commercial cards. As a result of this change, ecommerce transactions will be aligned with Standard fee type. Merchants affected will be those processing the related card type and category:

Table 4 - Updated Intra-Europe EEA Commercial Interchange Fees

Product

Category

Fee Type

Interchange Fee

Visa Business Debit

General

Electronic Commerce

1.65%

Standard

Government Payments 1

Money Services 2

Electronic Commerce

1.65% (capped at EUR 1.50)

Standard

Charity 3

Electronic Commerce

1.65% (capped at EUR 0.50)

Standard

Visa Business Prepaid

General

Electronic Commerce

1.65% (minimum of EUR 0.35)

Standard

Government Payments 1

Money Services 2

Electronic Commerce

1.65% (minimum of EUR 0.35, capped at EUR 1.50)

Standard

Charity 3

Electronic Commerce

1.65% (minimum of EUR 0.35, capped at EUR 0.50)

Standard

Visa Business Debit

Visa Business Deferred Debit

General

Electronic Commerce

1.65%

Standard

Visa Platinum Business Debit

Visa Infinite Business Debit

General

Electronic Commerce

1.90%

Standard

Government Payments 1

Money Services 2

Electronic Commerce

1.90% (capped at EUR 1.50)

Standard

Charity 3

Electronic Commerce

1.90% (capped at EUR 0.50)

Standard

Vis Platinum Business Prepaid

Visa Infinite Business Prepaid

General

Electronic Commerce

1.90% (minimum of EUR 0.35)

Standard

Government Payments 1

Money Services 2

Electronic Commerce

1.90% (minimum of EUR 0.35, capped at EUR 1.50)

Standard

Charity 3

Electronic Commerce

1.90% (minimum of EUR 0.35, capped at EUR 0.50)

Standard

Visa Platinum Business Credit and Deferred Debit

Visa Infinite Business Credit and Deferred Debit

General

Electronic Commerce

1.90%

Standard

Vis Corporate 4,5

Visa Purchasing 6,7

General

Electronic Commerce

1.90%

Standard

1 Government Payments: Merchant Category Code (MCC) 9311—Tax Payments, MCC 9399—Government Services (Not Elsewhere Classified)

2 Money Services: MCC 6012—Financial Institutions—Merchandise, Services, and Debt Repayment; MCC 6211—Security Brokers/Dealers

3 Charity: MCC 6012—Charitable Social Service Organizations

4 There will be no changes to the interchange rates for the Small Market Expense (EX) commercial product subtypes.

5 There will be no changes to the interchange rates for the Large Market Enterprise (EN) commercial product subtypes.

6 Visa Purchasing acquirers may receive an additional interchange incentive of EUR 0.50 if they submit the transaction with additional data.

Effective CPD 13 April 2024

, the interchange incentive fee for additional data for Visa Purchasing with Fleet will be 0.30% (per below.)

7 There will be no changes to the Large Ticket Program

What is the Visa Introduction to CVV2 Pricing in Canada?anchor

FEE CHANGE | VISA | Canada

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Effective Date: 1 April 2024

Merchant Impact

Visa will introduce acquirer pricing for Card Verification Value 2 (CVV2) in Canada. Fee is $0.0025 USD per CVV2 match/no match result. The fee will not be charged when 3D Secure (3DS) is successful or when the transaction is a zero-amount account verification message.

Merchants who use CVV2 in Canada can expect to pay a fee. Merchants should adjust their strategy to avoid the fee (see Table 5 for fee details).

Table 5 – Card Verification Value Acquirer Fee (Canada)

Billing Line

Billing Line Description

Assessed To

Fee

2VAS70000

CVV2 – ACQUIRER FEE

Acquirer

$0.0025 USD per CVV2 match / no match result

What are the Updates to Visa Secure Data Fields mandate?anchor

FEATURE CHANGE | VISA | Global

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Effective Date: 12 August 2024

Merchant Impact

Effective 12 August 2024, Visa will recategorize three existing 3D Secure (3DS) data fields from "conditional" to "required." These fields are passed in the 3DS Authentication Request (AReq) and provide additional information to improve the quality of authentication requests and potentially drive authorization rate performance. While previously communicated that Visa was planning to recategorize twelve fields (see Table 7), Visa updated their guidance in early 2024, pushing the new effective date to August and reducing the number of required fields from twelve to five and then to just three (see Table 6).

Table 6 – Data Field Requirements by Device Channel

Browser

In-App / Software Development Kit (SDK)

Browser IP Address

Common Device Identification Parameters (Device IP Address)

Browser Screen Height

Browser Screen Width

These updated fields provide Visa's Access Control Server (ACS) additional information, potentially helping to drive authorization rate performance and improve frictionless checkout. Transaction processing will not be impacted, but merchants are strongly advised to provide these fields to ensure compliance with Visa's operating rules. Visa may introduce a compliance deadline at a later date and assess potential non-compliance fees. We will send further communications when and if that will happen.

Table 7 – No longer required Data Fields

Priority Data Fields

Requirement Status

Update from previous announcements

Browser IP Address 1

Mandatory (Browser)

No Update

Browser Screen Height 1

Mandatory (Browser)

No Update

Browser Screen Width 1

Mandatory (Browser)

No Update

Common Device Identification
Parameters (Device IP Address) 2

Mandatory (In-App)

No Update

Cardholder Billing Address City 3

Recommended

No Longer Mandatory

Cardholder Billing Address Country 3

Recommended

No Longer Mandatory

Cardholder Billing Address Line 1 3

Recommended

No Longer Mandatory

Cardholder Billing Address Postal Code 3

Recommended

No Longer Mandatory

Cardholder Billing Address State 3

Recommended

No Longer Mandatory

Cardholder Email Address

Recommended

No Longer Mandatory

Cardholder Name

Recommended

No Longer Mandatory

Cardholder Phone Number 4, 5

Recommended

No Longer Mandatory

1 Only for browser-based transactions

2 Only for SDK transactions

3 Except in markets where the billing address fields do not exist.

4 At least one phone number (work / home / mobile) is recommended.

5 Merchants are recommended to pass the Cardholder Phone Number and Cardholder Email Address fields for authentication, but merchants will be compliant if they only pass one of the two fields

What are the Visa Resolve Online Pricing Changes for Europe?anchor

FEE CHANGE | VISA | EU

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Effective Date(s): 1 April 2024

Merchant Impact:

Visa is updating pricing for their dispute tool, Visa Resolve Online (VROL) in Europe. Effective 1 April 2024, Visa will introduce new fees for Pre-arbitration with Qualified Remedy and Collaboration Requests between acquirers and issuers. Visa are also increasing the existing fees applicable for case filing and response submission (applicable to over 21-day timeframe).

The updated fees will be reflected in invoicing from May 2024. Some of these fees are passed to merchants in the event of a lost dispute, so merchants need to be aware of potentially higher dispute fees. In addition, Visa is increasing the fees for access to VROL, which would impact internal operational cost only.

What is the Non-Domestic Currency Settlement Fee mandate?anchor

FEE CHANGE | VISA | EU

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Effective Date: 1 April 2024

Merchant Impact

From 1 April 2024, Visa will increase the non-domestic settlement volume fee from 0.05% to 0.10%. This fee was introduced in 2022 and applies to merchants who process cross-border Visa payments in the EU and receive settlement in a currency different than the domestic currency of the acquirer (BIN or BIN range country).

The fee applies under the following conditions:

  • Transactions need to be identified as cross-border (intra-Europe or international)
  • The issuer chooses to settle the transactions with Visa (i.e., issuer settlement currency) in a different currency than the domestic currency of the Bank Identification Number (BIN) or BIN range country.
  • The acquirer chooses to settle the transactions with Visa (i.e., acquirer settlement currency) in a different currency than the domestic currency of the merchant country where the transaction is completed.

The fee applies to merchants operating in the European Economic Area (EEA), Andorra, Israel, Monaco, San Marino, Switzerland, United Kingdom (including Gibraltar) and Vatican City State.

note
  • A cross-border transaction is where the merchant country location is different than the issuer country location.
  • An intra-Europe cross border transaction happens when both the issuer and merchant country location are within the Visa Europe territory.
  • An international cross border transaction in this context is where the issuer country location is within the Visa Europe territory and the merchant country location is outside the Visa Europe territory and vice versa