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2002-05-22 CC Packet
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2002-05-22 CC Packet
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<br />Specific Consumer Rates for Select Industries <br /> <br />, <br /> <br />Supennarket <br />To qualifY for spedal Supennarket rates: <br />. 45% of annual sales must be perishable goods. <br />. Bankcards must be accepted at aU lanes that accept dIecks. <br />. TransaClions must meet the technicaltequil8lllents of CPS RetaillMerit 3. <br />. MasterCard and VIS8 "",uire registrallonlcarti1lcation. contact the Elan Financial Institution <br />Support Center. <br /> <br />Visa CPS Hotel/Car Rental (no comparable MasterCard rate) <br />This rate is available to larger properties who generally utilize PCs or the latest generation of <br />dial terminals to pmoass activity. The card Is swiped at check in time and the transaCllon Is <br />completed aller daperture. <br />. Card Pl8S8l1t- entire contents ofmagneUc stripe must be electronically read and transmitted <br />and signature obtained. <br />. One or more authorlzations allowed - actual amount settled cannot exceed total amount - <br />authorized plus 15%. <br />. One transaction deposited (which would Indude all services). <br />. Additional data tequired on dearing record (hotel check in, hotel folio #, car check out date, <br />rental agreement #). <br />. Transaction date &qual 10 and deposited electronically on car retum datalhotel check out date. <br /> <br />Hote/sICa. Rentals may choose 10 act as 'retailers' whereby they swipe the card and authorize the <br />transaClion at time of check out Under thIs seanario, CPS Retail and Merit 3 pridng will apply as long <br />as the addillonal data Is provlded; hotel check in and hotel folio number, or car check out date and <br />rental agreement number. <br /> <br />Visa CPS Mail OrderJTelephone Orderllntemet (no comparable MasterCard rate) <br />. Card not present. <br />. Address Verification Service (AVS) "",uired as perl of authorization. <br />. Shipping dale (transaClIon date) within seven days of authorization date. <br />. Transaction amount must be equal to amount authorized. <br />. Additional data "",uired In dearing record (merchant telephone number, order number and fotal <br />authorized amount). <br />. Transaction deposited electronically no later than one day after transaction date (shipping data). <br /> <br />If a Mail Order merchant does not or cannot provide the additional data, thelr transcations will <br />qualifY as either EIRF Of Standard. <br /> <br /> <br />MasterCard Merit 3 or Visa Custom Payment Services Retail (CPS) <br />. Purchasing Card and Business Card. <br />. Transactions must meet the technical requirements of CPS RetaiVMerit 3. <br />. Additional data tequired on dearing record (Sales Tax, Customer Code, e.g., Purchase Order #). <br /> <br />MasterCard Commercial Electronic 1 and Visa Commercial Electronic <br />. Transaction must be electronically authorized. <br />. Enriched transaction data in authorization and settlement record. <br />. Transaction deposited electronically same day as purchase dale. <br /> <br />MasterCard Com Standard or Visa Com Standard <br />. T ransaCllon not authorized electronically. <br />. Transaction deposited more than one day afIer purchase date. <br />. Authorization response data not Induded In _ment record. <br /> <br />2 <br /> <br />419/02 <br />
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