Updates to Interchange Fee Programs Applicable to Visa Business, Corporate, and Purchasing Credit Transactions

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Effective April 11, 2025

Visa will update existing fee programs applicable to Visa Business, Corporate, and Purchasing credit transactions. Certain fee descriptors and rates will also be updated.

Applicable Product Types

• Visa Business Credit Tier 1
• Visa Business Credit Tier 2
• Visa Business Credit Tier 3
• Visa Business Credit Tier 4
• Visa Business Credit Tier 5

Applicable Visa Corporate and Purchasing Credit Product Types

• Visa Corporate T&E
• Visa Government Corporate T&E
• Visa Purchasing
• Visa Purchasing with Fleet
• Visa Government Purchasing
• Visa Government Purchasing with Fleet
• Visa Commercial Choice Travel

Changes to Existing Visa Corporate and Purchasing Credit Fee Descriptors

Business, Corporate, and Purchasing Credit – Non-Travel Service, Level 2 Fee Descriptors and Rates

Visa Corporate and Purchasing Credit – Non-Travel Service, Product 3 Fee Programs

Updated Commercial Credit Large Ticket Fee Program

Update to How the Digital Commerce Services Fee Applies

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Effective January 1, 2025

Effective 1 January 2025, the Digital Commerce Services Fee (DCSF), or (VDCF) will be based on authorized transactions rather than clearing and settlement.

New Business Credit Product 3 Fee Program

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Effective April 11, 2025

Visa will introduce a new Business Credit Product 3 fee program. Certain qualified transactions will be assessed new fee descriptors and rates

Applicable Product Types

• Visa Business Credit Tier 1
• Visa Business Credit Tier 2
• Visa Business Credit Tier 3
• Visa Business Credit Tier 4
• Visa Business Credit Tier 5

New Business Credit Product 3 Fee Program

The following table shows the fee descriptors and rates that will apply to Visa business credit
transactions that meet the fee edit criteria.

Changes to U.S. Domestic Interchange Fee Programs for Original Credit Transactions on the Plus Network

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Effective April 11, 2025

Visa will update existing U.S. domestic fee programs for original credit transactions (OCTs) for eligible proprietary products on network 0004 (Plus) destined to issuers in the U.S. region.

Client-to-Client Fee Programs for Domestic OCTs Destined to U.S. Proprietary Products on Network 0004 (Plus)

Changes to Canada Domestic Visa Debit Interchange Rates

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Effective December 31, 2024

Effective 1000 GMT 31 December 2024 CPD 1 January 2025, Visa will update the rates for certain existing interchange fee programs applicable to Visa debit transactions.

Applicable Product Types

• Visa Debit Classic
• Visa Debit Business

Changes to the Electronic Fee Program for Visa Debit Transactions

The following table lists the updated rate that will apply to existing Visa Infinite Business Credit transactions qualified for the Standard fee program.

Changes to the Performance Program – Card Present Electronic Fee Program for

Changes to Canada Business Credit Interchange Fee Programs

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Effective April 11, 2025

Visa will implement changes to streamline the Canada domestic interchange fee structure applicable to Visa Business credentials for credit purchase and credit voucher transactions.

Applicable Product Types

• Visa Business
• Visa Infinite Business

Updated Existing Visa Infinite Business Credit Standard Fee Program Rate

The following table lists the updated rate that will apply to existing Visa Infinite Business Credit transactions qualified for the Standard fee program.

Changes to Canada Prepaid Interchange Fee Programs

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Effective April 11, 2025

Visa will implement changes to streamline the Canada domestic interchange fee structure applicable to Visa consumer, business, and commercial prepaid purchase and credit voucher transactions.

Applicable Product Types

• Visa Classic
• Visa Gold
• Visa Platinum
• Visa Business
• Visa Corporate T&E
• Visa Purchasing
• Visa Commercial Choice
  Travel

The following table shows the fee descriptors and rates assessed on Visa consumer, business, and
commercial prepaid transactions

Changes to Authorization Response Codes

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Effective April 11, 2025

Visa will introduce two new authorization response codes and changes to response code processing.

Visa has made changes designed to drive improvements across the payments ecosystem to encourage good business practices, reduce fraud, improve authorization approval rates, reduce operational costs, and enhance satisfaction across the ecosystem.
The purpose of this requirement is to help utilize authorization response codes appropriately to improve the payments ecosystem by increasing transparency when an authorization is declined, providing additional information, and helping them reduce unnecessary reattempted transactions. Ensuring appropriate information flow is critical to creating optimal behavior for all players within the ecosystem.

TabaPay Clients can use the new information to correct issues and optimize the resubmission of authorization requests. Issuer and cardholders can use proper methodology to block and unblock the transaction by using new response code introduced by Visa or by using stop payment feature.

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Reference

For a full list of card network response codes, please click here.

Changes to Currency Code for Curaçao and Sint Maarten

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Effective April 1, 2025

Effective 0400 GMT 1 April 2025 CPD 1 April 2025, Visa will implement changes to convert the domestic currency for Curaçao and Sint Maarten from ANG/532 (Netherlands Antilles Guilder) to XCG/532 (Caribbean Guilder).

The existing ISO numeric code 532 will be associated with the new alpha code XCG
(Caribbean Guilder).

Changes to Merchant-Initiated Account Funding Transaction Processing

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Effective April 11, 2025

Visa will implement change to add account funding transactions (AFTs) to the merchant initiated transaction framework. This will allow the initial cardholder-initiated AFT to identify when the credential is being stored for future merchant-initiated transactions and to identify AFTs that are merchant-initiated using the stored credential.

Visa Direct account funding transactions (AFTs) are permitted for use as merchant-initiated transactions (MITs) for recurring/periodic automatic loads on behalf of cardholders supported by pre-agreed standing instructions. The MIT framework introduces a global standard to identify transaction intent and whether a transaction is merchant initiated. MITs relevant to AFTs include both recurring (Example: reload US$50.00 every week into a digital wallet) and unscheduled credential on file (Example: when digital wallet balance hits US$10.00, automatically reload US$50.00) periodic loads. To enable consistent MIT processing for AFTs, Visa Direct is updating processing requirements to differentiate cardholder-initiated AFTs and merchant-initiated AFTs for both PAN-based and token-based transactions.

AFTs eligible for MIT processing must have the following attributes:

• Must be for one of the following standing instruction MIT types:
  • Unscheduled card on file
  • Recurring transaction
• Processed as either domestic or cross border
• Must contain one of the following use cases:
  • Account to account
  • Funds transfer
  • Liquid assets
  • Top-up for enhanced prepaid loads
  • Wallet transfer
• Processed as either partial approval or full approval

Adjustments to the Base II File Transmission Fee (VBII / VSNAF)

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Effective January 1, 2025

Effective January 1, 2025, Visa will be revising billing on VBII/VSNAF fee. The cost will be increased from $0.002 to $0.0025 for each financial transaction processed through the Base II system.

ACI Value of “D” Will Be Returned for Some Issuer-Approved Eligible Transactions in the US

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Effective April 2025

ACI field in Create Transaction API Response will contain the new value of “D” in for issuer-approved
EDQP-eligible transactions (Visa's Electronic Data Quality Program) that requested CPS but did not qualify.

Issuer-declined transactions that requested CPS, but did not qualify, will receive an ACI value of “N”

The EDQP is a new data integrity program that aims to help improve data integrity and maintain processing integrity throughout the life cycle of a transaction, providing consistency as it is adopted globally across all regions. TabaPay will ensure data quality of transactions per the EDQP Program.

The below transaction types are considered eligible EDQP transactions and will receive an ACI value of “D” if they meet CPS criteria:
• Account funding transaction
• Bill payment
• Manual cash
• Merchandise return / credit voucher
• Purchase
• Quasi-cash
• Reversal

Visa Restrictions on Standing Instruction MITs Will Be Delayed to July 2025

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Effective July 30, 2025

Visa is further delaying plans to restrict standing instruction merchant-initiated transactions (MITs) to credential-on-file tokens only.

To minimize impacts to existing transactions and to merchants, Visa will take the following approach to the restriction to COF tokens:

• Standing instruction MITs on device tokens provisioned after 30 July 2025 will be declined.
• Visa will continue to honor MIT relationships between merchants and cardholders on device tokens that were provisioned on or before 30 July 2025. Visa expects that such device token usage for standing instruction MITs will be reduced over time by natural attrition as device tokens are deactivated or expired.

Changes to Visa Commercial Choice Omni and Visa Commercial Choice Travel Programs

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Effective October 18, 2024

Visa will implement changes to support additional interchange rates for Visa Commercial Choice Omni and Visa Commercial Choice Travel programs.

Changes to Transactions Destined to India

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Effective July 19, 2024

Visa will implement changes to decline cross-border transactions destined to issuers in India with certain gambling merchant category codes (MCCs)

New Interregional and Regional Fee Programs for Account Funding Transactions

Visa will introduce new interregional and AP, CEMEA, Europe, and LAC regional fee programs for certain money transfer account funding transactions (AFTs).

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Effective October 18, 2024

Changes to Canada Domestic Visa Debit Interchange Rates

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Effective December 31, 2024

Visa will update the rates for certain existing interchange fee programs applicable to Visa debit transactions.

Changes to the Electronic Fee Program for Visa Debit Transactions

Changes to the Performance Program – Card Present Electronic Fee Program for Visa Debit Transactions

Changes to the Industry – Gas Fee Program for Visa Debit Transactions

Changes to the Industry – Grocery Fee Program for Visa Debit Transactions

New U.S. Domestic Visa+ Original Credit Transaction Client-to-Client Fee Program

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Effective October 18, 2024

Visa will implement a new U.S. domestic client-to-client fee program, including fee descriptor, fee program indicator (FPI), and client-to-client fee for Visa+ original credit transactions (OCTs).

Changes to U.S. Domestic Interchange Fee Programs

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Effective October 18, 2024

Visa will implement changes to update the existing Purchasing Card – Fleet fee program and introduce a new fee program applicable to Visa consumer credit supermarket transactions from eligible small merchants.

Existing Purchasing Card – Fleet Fee Program

New Fee Program for Small Merchant Supermarket Transactions

Update to Interchange Fee Processing for Canada Domestic Transactions from Consumer Bill Payment Service Providers

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Effective October 18, 2024; Canada only

Visa will implement changes to allow U.S. domestic Visa Direct account funding transactions (AFTs) and original credit transactions (OCTs) to qualify for the Visa Direct Strategic fee program.

Consumer Bill Payment Service (CBPS) providers must be aware that domestic CBPS transactions may qualify for fee programs other than those specific to consumer bill payment service providers.

New Small Merchant Fee Programs for Visa Consumer Credit Transactions

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Effective October 18, 2024; Canada Only

Visa will implement new fee programs for Canada domestic Visa consumer credit purchase and credit voucher transactions from eligible small merchants. Visa will introduce new domestic Canada interchange programs for small merchants to support revisions to its voluntary interchange Undertaking with the government of Canada.

New Small Merchant Electronic Fee Program

New Small Merchant Card Not Present – Token Fee Program

Requirement to Send Transaction Identifier From Preceding Account Funding Transaction in Money-Transfer Original Credit Transactions

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Effective October 18, 2024

Visa recommends including the transaction ID from a preceding Account Funding Transaction into an Original Credit Transaction message where available

The business reasons for this enhancement include, but are not limited to:
• Enhancement to Existing Acceptance Channels
• Global Rule, Legal, or Regulatory
• Risk Management

Clients must store and send the network ID from the original Account Funding Transaction (regardless of whether it is processed via TabaPay) and provide it in the subsequent Original Credit Transaction via TabaPay.

Applies to both domestic and cross-border OCTs.

Changes to Support New Data Requirements in Visa Direct Transactions

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Effective October 18, 2024

Regulatory reporting requirements have been introduced that require new sender information for cross-border push transactions.

• Source of Funds will be required on all cross-border push transactions
• Sender date of birth will be required on all cross-border push transactions

For a full review of all data requirements, including required and recommended fields, please refer cross-border push data requirements..

Changes to Transactions Destined to Mainland China

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Effective June 14, 2024

Visa will implement changes to prohibit transactions destined to issuers in Mainland China with certain merchant category codes (MCCs) listed in prohibited MCC list. Merchants should no longer submit original transactions with any transaction amount for certain MCCs in the prohibited category destined to issuers in Mainland China.

Visa will implement changes to restrict transactions destined to issuers in Mainland China with certain MCCs listed in restricted MCC list. Merchants should no longer submit original transactions with transaction amount greater than US$5,000 or equivalent for certain MCCs in the restricted category destined to issuers in Mainland China.

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Contact Tabapay for a list of specific MCCs

Processing Integrity Program Fees Will Be Delayed in Canada

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Effective April 25, 2024

The implementation date and reporting for Processing Integrity Program fees including included the Misuse of Authorization System fees will now be delayed until April 25, 2024 and will take effect globally on the same date.

Visa Authorization Response Code Updates

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Effective April 13, 2024

Three response codes 39, 52, and 53 are moving from Category 4—Generic Response Codes to Category 2—Issuer Cannot Approve At This Time:

• Response Code 39 - No credit account.
• Response Code 52 - No checking account.
• Response Code 53 - No savings account

These changes will help with the following improvements:
• To improve authorization processing
• Minimize invalid authorization reattempts
• Optimize the consumer experience through greater transaction approvals

Additionally, Response Code 14 (invalid account number [no such number]) will remain as a Category 1—Issuer Will Never Approve decline code and in the Data Quality Program. Response Code 14 will no longer be counted as part of excess reattempts.

A new response code, Z5 (valid account but amount not supported) is being introduced as a Category 2 decline code.

Response Code 14 (invalid account number [no such number]) is currently defined as both a Category 1—Issuer
Will Never Approve and a Category 3—Data Quality decline code. In response to requests for clarification, effective 13 April 2024, Response Code 14 will be removed from Category 3 and will be treated solely as a Category 1 decline code. As a Category 1, merchants must not reattempt an authorization request after a decline.

Visa Multiple Account Access Service

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Effective April 12, 2024

Visa is launching Visa Multiple Account-Access Service (VMAAS) for US Domestic transactions. TabaPay will be enabling processing changes to support VMAAS for processing in April 2024; and plans to include support for VMAAS indicator (TBD).

VMAAS will enable merchants to provide cardholders the ability to access multiple funding options through a single Visa credential. Every VMAAS enabled credential is identified as a primary credential and can be linked to one or more secondary credentials.

Effective April 12, 2024, first use case being launched in the US is using Debit Classic as a primary credential, and Consumer Credit as a secondary credential. A cardholder must notify their issuer of their choice of credential (for example, primary or secondary) before making an eligible transaction. Each issuer must decide the method the cardholder must use to provide such notice.

Excluded MCCs for VMASS using the Debit Classic with Consumer Credit access use case:

• 4829 - Money Transfer
• 6010 - Financial Institution - Manual Cash Disbursements
• 6011 - Financial Institution - Automated Cash Disbursements
• 6012 - Financial Institution - Merchandise, Services, Debt Repayment
• 6051 - Non-Financial Institutions –. Foreign Currency, Liquid and Cryptocurrency Assets
• 6211 - Securities—Brokers/Dealers

Visa High Integrity Risk Fee

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Effective April 12, 2024

Fee for each CNP transaction processed with the following MCC codes, a fee of $0.10/transaction + 0.10% will be applied as Visa High Integrity Risk Fee.

• 5967 (Direct Marketing)
• 7273 (Dating Services)
• 7995 (Betting, Lottery Tickets, Casino Gaming Chips)

Visa Direct: Cross-Border OCTs and AFTs Will Be Declined if Purpose of Payment Field is Not Populated

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Effective April 12, 2024

Effective 12 April 2024, Visa will decline cross-border original credit transactions (OCTs) and
account funding transactions (AFTs) sent to and received in Argentina, Bangladesh, Chile, Colombia, Egypt and
India if the Purpose of Payment code field is not populated.

What is the PoP Code?
The PoP code is a 12-character free-text field used to classify and report the nature and purpose of transactions.
Sending institutions should use regulatory published codes in the countries they are sending to, and where not
possible, should use standardized codes outlined in the reference below.

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Reference

For more details, please visit Purpose of Payment requirements.

Updates to Existing Interlink Card-Not-Present Fee Programs

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Effective April 12, 2024

Visa will implement changes to the fee edit criteria for the following non-Visa card-not-present Interlink fee programs:
• Card-Not-Present
• Electronic Commerce
• Hotel and Car Rental Card-Not-Present
• Passenger Transport Card-Not-Present
• Consumer Bill Payment Service (CBPS)
• Account Funding

The existing fee edit criteria for card-not-present Interlink fee programs will exclude the following high-risk telemarketing merchant types:
• 5962 (Direct marketing—travel-related arrangement services)
• 5966 (Direct marketing—outbound telemarketing merchant)
• 5967 (Direct marketing—inbound telemarketing merchant)
Card-not-present transactions submitted with merchant types 5962, 5966, and 5967 will continue to qualify for the Interlink Standard Card-Not-Present fee program.

Changes to Existing Visa Consumer Credit Fee Programs

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Effective April 12, 2024

Visa will implement changes to modify rates for the following existing Visa consumer credit fee programs:
• Healthcare and Healthcare–Non-Token
• Education and Education–Non-Token
• Real Estate and Real Estate–Non-Token
• Services and Services–Non-Token
• Travel
• Consumer Bill Payment Service (CBPS)
• Product 1
• Product 1–Token
• Small Merchant programs for:

• Healthcare
• Education
• Real Estate
• Services

Healthcare

Healthcare - Non-token

Visa High Integrity Risk Fees

Fee for each CNP transaction processed with the following MCC Codes:

• 5967 (Direct Marketing)
• 7273 (Dating Services)
• 7995 (Betting, Lottery Tickets, Casino Gaming Chips).
• Fee: $0.10/Txn + 0.10%

Visa ANI - Promotional Fee

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Effective April 1, 2024

Visa ended the $0.05 promotional period for Account Name Inquiry (ANI)

Visa Commercial Assessment Fee

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Effective April 1, 2024

An assessment fee calculated on sales volume for Visa commercial Debit and Credit cards; Fee 0.0113%

Visa CVV2 Fee

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Effective April 1, 2024

Card Verification Value (CVV2) fee of $0.002825 per Match/No Match i.e. when CVV2 match result yields a match/no match result with the following exceptions:

• When the CVV2 is not verified or an error condition prevents the result from being returned to the acquirer
• When 3-D Secure Verification is successful
• When the transaction is an account verification message of $0 amount

Visa Commercial Assessment Fee

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Effective April 1, 2024

An assessment fee calculated on sales volume for Visa commercial Debit and Credit cards; Fee 0.0113%.

Visa CVV2 Pricing in Canada

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Effective April 1, 2024

For card-not-present (CNP) merchants, fraudulent transactions can lead to lost revenue and extra processing time and costs, which narrows profit margins. CVV2 is a three-digit security code on the rear of a physical payment card that complements merchants’ existing fraud detection tools, providing another data point to help identify the riskiest transactions. Because CNP merchants are at greater risk for stolen account number schemes, they need to be diligent in their fraud control efforts. CVV2 can help a merchant differentiate between genuine customers and fraudsters who operate anonymously.

To reflect CVV2’s value in helping to mitigate fraud, Visa will introduce pricing for CVV2.

Effective 1 April 2024, Visa will introduce acquirer pricing for CVV2 on a per-transaction basis when the CVV2 yields a match or no match result (CVV2 results code value is M or N). The fee will not be assessed when the CVV2 is not verified or an error condition prevents the result from being returned to the acquirer.

The Card Verification Value acquirer fee will also not be charged when 3-D Secure verification is successful or when the transaction is a zero-amount account verification message.

Effective April 1, 2024, the CVV2 Fee will be USD 0.0025 per CVV2 match / no match result.

ANI Fee change

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Effective April 1, 2024

Visa increased the Visa Account Name Inquiry ANI Fee from $0.05 to $0.10

Fee: $0.10 for each ANI result

Visa CVV2 Fee change

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Effective April 1, 2024

Card Verification Value 2 (CVV2) fee when it yields a match/no match result with the following exceptions:

• When the CVV2 is not verified, or an error condition prevents the result from being returned to the acquirer.
• When 3-D Secure verification is successful
• When the transaction is an account verification message of $0 amount
• Fee:$0.002825 per Match/No Match result

Visa Commercial Assessment Fee

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Effective April 1, 2024

An assessment fee calculated on sales volumes for Visa commercial Credit and Debit cards

Changes that have already gone into effect.

Previous Visa Updates

Changes to Interregional Interchange Fee Programs for Visa Consumer and Visa Commercial Transactions

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Effective October 1, 2023

Visa will implement changes to the interregional interchange fee programs, including no longer assessing certain existing fee programs and introducing new fee programs with new fee edit criteria, fee descriptors, fee program indicators (FPIs), and rates.

New Interregional Base Fee Programs for Visa Consumer and Visa Commercial, including Business, Transactions

New Interregional Alternative Fee Programs for Visa Consumer and Visa Commercial, including Business, Transactions

New Interregional Downgrade Fee Programs for Visa Consumer and Visa Commercial, including Business, Transactions

New Consumer Credit Voucher or Merchandise Return interregional Fee Program

Changes to the Interregional Standard Fee Program

New FPI Value for Interregional Manual Cash Transactions

Updates to Canada Domestic Visa Consumer Credit Fee Programs for Tokenized Transactions

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Effective October 1, 2023

Visa will update the fee edit criteria requirements for certain existing interchange fee programs applicable to tokenized Visa consumer credit transactions in the Canada region.

Existing Performance Card-Not-Present-Token FPIs, Fee Descriptors, and Rates

Existing Recurring Payment-Token FPIs, Fee Descriptors, and Rates

Digital Commerce Fee: 0.75bps (0.0075%), $0.0075 minimum on purchases replaces AVS and CVV2

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Effective October 1, 2023

Visa will introduce a Digital Commerce Fee in the US on all Card Not Present (CNP) settled transactions. The Digital Commerce Fee aims to support digital services and solutions offered by Visa to help increase the performance and security of the payments ecosystem. The fee is 0.75bps on all settled transactions with a min of $0.0075 per transaction. If a transaction is less than or equal to $100, the minimum of $0.0075 will be charged for that transaction. The fee is applicable to all card acceptance use-cases and transactions, note that AFT and Push (OCT) transactions are not subject to the fee.

With the introduction of this fee, Visa will include access to the services below at no cost for CNP transactions:

• Address Verification Service ($0.001) helps merchants mitigate the risk of fraud by requesting verification that the billing address matches the cardholder's address held by issuer
• Card Verification Value 2 (CVV2), which is designed to help mitigate fraud by enabling merchants to use the 3-digit code printed on signature panel of a Visa card to verify it
• Note: Account verification fees will remain

Effective October 2023: Four Changes to U.S. Interchange

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Effective October 1, 2023

New Small Merchant Interchange Programs for Visa Consumer Credit Transactions

Updated Small Merchant Product 1 Fee Program

New Fee Programs for Services Transactions from Small Merchants

New Fee Program for Telecommunications and Cable Card-Not-Present Transactions from Small Merchants

Rate Changes for Existing Visa Consumer Credit Fee Programs

Rate Changes for the Product 2 Fee Program

Rate Changes for the Product 1 Fee Programs - Product 1

Rate Changes for the Product 1 Fee Programs - Product 1 Tokenized

Rate Changes for the Product 1 Fee Programs - Product 1 Tokenized

Changes to Existing Visa Consumer Credit Interchange Fee Descriptors and Fee Program Indicators

Changes to Existing Visa Consumer Credit Interchange Fee Descriptors and Fee Program Indicators - Telecommunications and Cable

Changes to Existing Visa Consumer Credit Interchange Fee Descriptors and Fee Program Indicators - Telecommunications and Cable - Non-tokenized

Changes to Existing Visa Consumer Credit Interchange Fee Descriptors and Fee Program Indicators - Services

Changes to Existing Visa Consumer Credit Interchange Fee Descriptors and Fee Program Indicators - Services - Non-tokenized

Changes to Existing Visa Consumer Credit Interchange Fee Descriptors and Fee Program Indicators - Product 2

Changes to Existing Visa Consumer Credit Interchange Fee Descriptors and Fee Program Indicators - Product 1

Changes to Existing Visa Consumer Credit Interchange Fee Descriptors and Fee Program Indicators - Product 1 Tokenized

Changes to Existing Visa Consumer Credit Interchange Fee Descriptors and Fee Program Indicators - CBPS

Client-to-Client Fee for Cross-Border Original Credit Transactions

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Effective April 14, 2023

Visa will introduce new C2C fee programs applicable to interregional OCTs destined to select Canada proprietary debit products.