Visa’s existing interim PAN Pass Back Program will only be available until end of March 2026. This Program is for transit operators that require PAN to be returned to them during a token transaction. After March 2026, you are expected to implement changes to receive Payment Account Reference (PAR) instead of PAN. Visa will stop sending the PAN in transaction responses beginning April 2026.

The program will only be available for transit operators under the following Merchant Category Code:

• MCC 4111 - Local and Suburban Commuter Passenger Transportation, Including Ferries
• MCC 4112 - Passenger Railways
• MCC 4131 - Bus Lines

The following Program Fees will be assessed starting from April 2024:

_{Published 17 May 2023 | P2022.1087}

On 1 December 2024, Visa will make the following changes to Visa Signature, Visa Infinite, Visa Business Platinum, Visa Business Signature, Visa Corporate, and Visa Purchasing.

• Align the Account Funding Transaction credit interchange hierarchy with product purchase credit interchange rates
• Revise domestic interchange rates

Table – Visa Domestic Credit Interchange Rates

<sub>1. National Net Settlement Service.
2. Goods and Service Tax.</sub>

_{Published 15 November 2024 | P2024.2294}

Update: Visa moved the first billing of the Processing Integrity Program fees from November 2024 to October 2024, excluding India and Japan. For India, the fees will be implemented on 1 July 2025, while the fees in Japan will be announced on a future date. Visa also added a list of exempted MCCs.

Effective 1 October 2024, Visa will implement the Electronic Data Quality Program (EDQP). To comply with the EDQP, you and your system processors must ensure that the transaction data received directly from the authorization response or using third-party agents such as payment facilitators is carried over exactly to the clearing records.

In addition, Visa will delay the effective date of the Processing Integrity Program fees to October 2024 (excluding India and Japan) to allow for adequate time for clients to make the appropriate changes for both programs.

The following MCCs are exempted from the Processing Integrity Program:

• MCC 3000 – 3500 – Airlines
• MCC 4111 – Local and Suburban Commuter Passenger Transportation, Including Ferries
• MCC 4112 – Passenger Railways
• MCC 4121 – Taxicabs and Limousines
• MCC 4131 – Bus Lines
• MCC 4511 – Airlines and Air Carriers (Not Elsewhere Classified)
• MCC 4784 – Tolls and Bridge Fees
• MCC 7523 – Parking Lots, Parking Meters, and Garages

_{Updated 15 November 2024 | P2024.1830
Published 15 August 2024 | P2023.2420}

On 1 October 2024, Visa’s Address Verification Service fee and Account Name Inquiry fee will be revised to 0.010 USD from 0.005 USD per usable result received.

_{Published 15 August 2024 | P2024.1161}

Visa has revised the effective date of the Secure Credential Integrity fee to 1 October 2024 from 15 October 2023. This change is effective in Australia, Christmas Island, Cocos (Keeling) Island, Heard Island and McDonald Islands, Lord Howe Island, Macquarie Island and Norfolk island.

The Secure Credential Integrity fee (previously the Acquirer Non-Token fee) is applicable to domestic card-not-present transactions processed using a non-Visa EMV payment token. 

_{Published 15 April 2024 | P2023.1292}

Update: Visa delayed the billing of the Extended Authorization Service fee for transactions submitted without the extended authorization indicator to October 2024. Monthly billing begins in October 2024 and includes billing from 25 August 2024 through 24 September 2024. However, the Extended Authorization Service fee for transactions with the extended authorization indicator has been billed and included in invoices since May 2024. 

Visa will update their authorization validity and clearing time frames in Table 1 starting 13 April 2024. Further details can be seen in the Table 1 below.

The current region or country-specific maximum time frames in Table 2 will not change.

Visa will also introduce the Extended Authorization Service, giving you the option to extend the authorization of card-not-present (CNP) cardholder-initiated transactions for up to 30 days. Visa will charge a 0.08% Extended Authorization Service Fee for an approved CNP cardholder-initiated authorization request. Japan is currently excluded from this service.  

Table 1 – Visa New Authorization and Clearing Time Frames

Table 2 – Visa Unchanged Region/Country-Specific Maximum Time Frames

_{1. Time frames begin on the date of a valid authorization.
2. Does not apply to domestic transactions in Japan, which have a minimum processing time frame of 30 calendar days.
3. Automated Fuel Dispenser preauthorization requests need a completion or reversal message sent two hours from the receipt of an approval response.
4. Includes installment transactions, recurring transactions, advance payment instructions, unscheduled credential-on-file transactions, merchandise returns, and credits.}

_{Updated 15 October 2024 | P2024.1562 
Published 15 February 2024 | P2023.2046}

On 1 September 2024, Visa will revise their domestic interchange rates as follows.

Table – Visa Revised Domestic Credit Interchange Rates

<sub>1. Goods and Services Tax
2. National Net Settlement Service</sub>

_{Published 15 August 2024 | P2024.1533}

On 1 July 2024, Visa will introduce a Digital Commerce Fee of 0.0075% on all domestic and cross-border card-not-present (CNP) transactions in Australia, Hong Kong, Macau and the South Pacific. This helps support the management, development and improvement of Visa services to enhance CNP transaction capabilities and improve ecosystem performance.

_{Published 15 April 2024 | P2024.0304}

On 13 April 2024, Visa will require the below merchant category codes (MCCs) to start supporting partial authorization for debit and prepaid purchase transactions¹. Impacted merchants must include a partial authorization participation indicator in their authorization request message.

Failure to fulfill this requirement will result in a fee of 0.01 USD applied to all declined debit or prepaid card transactions due to insufficient funds.

Contact your J.P. Morgan representative for more information on this change.

Table – MCCs Required to Support Partial Authorization²

_{1. Applicable to both card-present and card-not-present (domestic and cross-border) transactions.}
2. Mainland China, Hong Kong, Indonesia, Japan, Macau, South Korea, Taiwan and Thailand are excluded from this requirement.

_{Published 15 March 2024 | P2023.2048}

Visa has implemented a Food Court Program fee of 0.55% for eligible food court operators, and removed the Visa Bill Pay Fee Program.

Additionally, the following updates will go into effect on 24 February 2024:

•  The account funding transaction (AFT) interchange hierarchy will align with product purchase interchange rates
• Authenticated/non-authenticated e-commerce fee programs will be removed
•  MCC-based fee programs will be added for the supermarket, utilities, and government segments
• The existing government fee program indicator (FPI) will remain for government entities not classified under any government MCCs¹
• The revised fee programs below

Table – Visa Revised Fee Programs

_{1. MCC 9211 – Court Costs, Including Alimony and Child Support; MCC 9222 – Fines; MCC 9223 – Bail and Bond Payments; MCC 9311 – Tax Payments; MCC 9399 – Government Services (Not elsewhere classified); MCC 9402 – Postal Services – Government only}

_{Published 13 October 2023 | P2023.1599}

Visa revised their domestic credit interchange rates on 1 December 2023 as outlined below.

Table – Visa Domestic Credit Interchange Rates

_{Note: Fees include Goods and Services Tax.}

_{Published 15 December 2023 | P2023.2109}

Effective 6 January 2025, Mastercard will update their Authorization Optimizer¹ Service Pricing to provide timing insights for resubmitting authorization requests after a recurring card-not-present payment decline. The fees below will be assessed on a per cross-border transaction recurrence only, for all transaction amounts:

Table – Mastercard Authorization Optimizer Service Fee

_{1. Formerly known as the Decline Reason Code Service (DRCS).}

    _{Published 15 November 2024 | P2024.1067}

Mastercard implemented their Token Validation and Lifecyle Services Fee. This fee will be billed when Mastercard Digital Enablement Service (MDES) is used for tokenization, and will cover:

• lifecycle management
• crypto validation of cryptograms on card-present and card-not-present transactions
• device enablement
• domain control
• card art
• transaction detail service

Table - MDES Token Validation and Lifecyle Services Fee

<sub>1. Card-present
2. Card-not-present</sub>

_{Published 15 November 2024 | P2024.0371}

Update: On 30 October 2024, Mastercard’s Acquirer Cross-Border Purchase rates will be updated as shown in the table.

On 1 July 2024, Mastercard will update cross-border assessment rates for Mastercard, Debit Mastercard, Maestro, and Cirrus card transactions processed through the Global Clearing Management System (GCMS) or the Single Message System (SMS).

Effective 8 July 2024, the Acquirer International Volume fees will be consolidated with the Acquirer Cross-Border Purchase fees.

Table – Mastercard Updated Rates for Acquirer Cross-Border Purchase Fees

_{Updated 15 November 2024 | P2024.0364
Published 15 May 2024 | P2024.0365, P2024.0033}

Effective 18 October 2024, Mastercard will update their Small Business Interchange Programs by:

• Modifying the current Small Business Interchange Program to apply specifically to card-present transactions. The new program description will be Australia Intracountry Small Business Program Card Present; and,
• Introducing the Australia Intracountry Small Business Program Card Not Present interchange program that applies specifically to card-not-present transactions

The qualification criteria and rates remain the same.

Table – Mastercard Small Business Interchange Program Rates

_{1. Rate applicable to the transaction total.}

_{Published 15 October 2024 | P2024.1352}

On 17 October 2024, Mastercard will implement the following changes.

• Update existing and introduce new intracountry consumer and commercial credit interchange rates (Tables 1 to 4)
• Update existing and introduce new intracountry consumer and commercial debit interchange rates (Tables 5 and 6)
• Update the intracountry prepaid interchange rates (Table 7)
• Modify the intracountry acceptor business segments (Table 8)

Table 1 – Mastercard Updated Intracountry Consumer Credit Interchange Rates

Table 2 – Mastercard Updated Intracountry Consumer Credit Interchange Rates Continued

Table 3 – Mastercard Updated Intracountry Commercial Credit Interchange Rates

Table 4 – Mastercard Updated Intracountry Commercial Credit Interchange Rates Continued

Table 5 – Mastercard Updated Intracountry Consumer Debit Interchange Rates

Table 6 – Mastercard Updated Intracountry Commercial Debit Interchange Rates

Table 7 – Mastercard Updated Intracountry Prepaid Interchange Rates

Table 8 – Mastercard Modified Intracountry Acceptor Business Segments

_{1. New or modified interchange rate}

_{Published 13 September 2024 | P2023.2082}

Effective 2 September 2024, Mastercard will increase their Nominal Amount Authorization Transaction Processing Excellence (TPE) fee to 0.100 USD from 0.045 USD. This applies to card-not-present transactions sent for authorization, approved, and reversed within 48 hours of the request with an equivalent amount of up to 1.00 USD.

Mastercard will change the qualification criteria to apply this fee to transactions with an equivalent amount of up to 2.00 USD on 1 January 2025.

To avoid this fee, you may use Account Status Inquiry instead of sending transaction with nominal amount to validate card status.

_{Published 15 July 2024 | P2024.0879}

Mastercard has introduced their Market Development Fund fee outlined in the table. This will be used to invest in various market-wide initiatives like:

• Increasing and enhancing payment and acceptance offerings
• Customer value propositions and benefits curated by Mastercard
• Enhancing value offering to cardholders and consumers
• Deploying and implementing activities on digital or security program
• Environmental, social, and governance (ESG) initiatives

Table – Mastercard Market Development Fund Fee

_{Published 22 July 2024 | P2024.1309}

Update: Mastercard decided to retain the current fee rate of the Domestic Acquirer Interchange Mastercard Purchase Credit. They also added the Domestic Acquirer Interchange Mastercard Purchase Debit fee in the list of revised rates in Table 1. Lastly, the Domestic On-Us fee was removed.

Effective 1 July 2024, Mastercard will implement the following:

• Pricing revisions for the fees shown in Tables 1 and 2
• Merchant Location Fee per merchant location with gross volume of 200 USD or more as shown in Table 3. Merchants with less than 200 USD gross volume, and merchant locations with MCC 8398 (Organizations, Charitable) and MCC 8661 (Organizations, Religious) are excluded from this calculation

Table 1 – Mastercard Revised Acquirer Pricing Fees

Table 2 – Mastercard New Authorization Acquirer Processing Fees

Table 3 – Mastercard New Merchant Location Fees

_{1. This fee is not applicable to domestic debit card present transactions that are not tokenized.
2. This fee is not applicable to domestic debit card present transactions that are not tokenized contactless; there is no processing fee applicable for this transaction type.
3. Applicable to those participating in any Mastercard small business program(s) in Australia, regardless of participation in debit and/or credit.}

_{Updated 15 August 2024 | P2024.1311
Published 15 May 2024 | P2024.0383}

Update: On 14 October 2024, Mastercard will include tokenized non-authenticated transactions in the Asia Pacific region in their Digital Assurance Fee revision.

On 1 July 2024, Mastercard will revise their Digital Assurance Fee for the following transactions:

• Unauthenticated card-not-present (CNP) e-commerce transactions for Singapore, India, Brunei, Cambodia, Indonesia, Lao People’s Democratic Republic, Malaysia, Myanmar, Philippines, Thailand, Timor-Leste, Vietnam, Bangladesh, Bhutan, Maldives, Nepal and Sri Lanka
• Non-tokenized card-on-file (COF) transactions for all markets and non-COF transactions in Australia, New Zealand, Singapore, Hong Kong and Malaysia
• Tokenized non-authenticated transactions in the Asia Pacific region will be included in the Digital Assurance Fee revision on 14 October 2024

The following markets are excluded from the Digital Assurance fee:

• Australia, New Zealand, Singapore, Hong Kong and Malaysia which are all tokenized non-COF markets, have fee exclusions for all cross-border non-COF transactions
• India, Korea, Taiwan and China have fee exclusions for all domestic COF transactions
• Thailand and Myanmar have fee exclusions for all domestic COF transactions with a Debit Mastercard product

Table – Mastercard Digital Assurance Fee

_{Updated 15 August 2024 | P20Q1.079u3
Published 15 April 2024 | P20Q1.079u1}

On 1 July 2024, Mastercard will introduce the following Mail Order-Telephone Order (MOTO) Fee for every MOTO sale and refund transaction to encourage use of safer interfaces for card payments.

Table – Mastercard MOTO Fee

This fee will not apply to the following

• Mastercard Send Payment transactions
• Transactions that qualify for the Mastercard Wholesale Travel Program (previously referred to as the Global Travel Transaction Program)

_{Published 14 June 2024 | P2024.0190}

On 1 July 2024, Mastercard will introduce a threshold of 35 declined attempts on the same account number, at the same card acceptor, and for the same amount within a 30-day rolling period. The existing 10 decline threshold within a 24-hour period remains the same and will still count towards the 30-day period threshold.

A weekly and monthly fee will be assessed for each authorization that goes over the limit.

Table – Mastercard Excessive Authorization Attempts TPE Program Billing

_{Published 15 April 2024 | P2023.2248}

On 6 May 2024, Mastercard will introduce an authorization transaction fee for domestic and international transactions, outlined below:

Table – Mastercard Authorization Process Fee

This fee will be applicable to the following countries in the table below except for Australia, Hong Kong, India Domestic and New Zealand  which are excluded from this fee.

Table 2 – Mastercard Authorization Processing Fees for Select Countries 

_{Published 15 March 2024 | P2023.1728}

On 2 April 2024, Mastercard will introduce the following interchange rates for their Enterprise Solution Wholesale Travel Program:

Table – New Wholesale Travel Program Interchange Rates

_{Published 15 March 2024 | P2024.0001}

Effective 1 April 2024, Mastercard will require an annual processed domestic volume equal to or less than 300,000,000 JPY 12 months before the effective date across all outlets and sales channels in order to qualify for the commercial non-travel business-to-business (B2B) small ticket intracountry interchange program.

Mastercard will also be updating the commercial non-travel B2B small and large ticket program’s structures and interchange rates shown in the table below.

The following sub-segments within the advertising services merchant category code (MCC) 7311 will not be eligible for the commercial non-travel B2B small ticket program:

• Online and digital advertising agencies that sell ad space on their web sites, portals, and applications for person-to-person (P2P) ads
• Service offerings
• Product listings
• Promo videos
• Other types of advertisements to the customers

Table – Mastercard Commercial Non-travel B2B Program Interchange Rates for Commercial Credit, Debit and Prepaid Transactions

_{1. The rate applies to transactions equal to or less than 999,999 JPY. Applicable only to MCCs with Mastercard assigned ID (MAID): 4214, 4225, 5013, 5046, 5047, 5072, 5122, 5131, 5199, 5211, 7311, 7349, 7361, 7372, 7392, 7394, 7399, 8734, 8931, and 8999.}
2. The rate applies to transactions equal to or greater than 1,000,000 JPY and above. Applicable only to MCCs: 1520, 4816, 5065, 5599, 8011, 8021, 8031, 8041, 8042, 8043, 8049, 8050, 8062, 8071, 8099, and 8351.

_{Published 15 February 2024 | P2023.1765}

On 1 March 2024, Mastercard will update their domestic interchange rates in Australia as follows.

Table 1 – Mastercard Credit Card Domestic Interchange Rates

Table 2 – Mastercard Dual Network Debit Card Domestic Interchange Rates

Table 3 – Mastercard Single Network Debit Card Domestic Interchange Rates

Table 4 – Mastercard Prepaid Card Domestic Interchange Rates

_{1. Rates include Goods and Services Tax.}
2. New Program Type.

_{Published 15 February 2024 | P2024.0221}

Mastercard revised their intracountry point-of-sale (POS) interchange rates for transactions made with credit cards issued in Australia.

Table – Mastercard Updated POS Interchange Rates

_{1. Note: Rates are inlcusive of Goods and Services Tax}

_{Published 12 January 2024 | P2023.2127}

On 1 January 2024, Mastercard will introduce their new Authorization Optimizer Service fee of 0.03% (min 0.0003 USD, max 0.075 USD).

This fee will be charged when a card-not-present (CNP) transaction is declined and meets all of the following conditions:

• Decline reason code is one of the following:
  • 79 (Lifecycle)
  • 82 (Policy)
  • 83 (Security)
• MAC is one of the following:
  •  01 (Updated/additional information needed)
  • 03 (Do not try again)

_{Published 15 November 2023 | P2023.1714}

On 8 January 2024, Mastercard will revise their rates for the Final Authorization and Preauthorization TPE fees. Mastercard will begin billing these fees on 14 January 2024.

Table – Mastercard Revised TPE Fees

The Final Authorization TPE fee will be applied for each approved authorization that is not cleared or fully reversed by an acquirer within seven calendar days from the authorization date.

The Preauthorization TPE fee will be applied for each approved authorization that is not cleared or fully reversed by an acquirer within 30 calendar days from the authorization date.

_{1. The fee does not apply to private label or non-Mastercard transaction.}
2. The fee does not apply to automated fuel dispenser (MCC 5542) transactions, transit aggregated or transit debt recovery transactions, private label or non-Mastercard transactions, and offline approved transactions.

_{Published 13 October 2023 | P2023.1194}

In line with the Mastercard transaction processing rules, non-reversed refund transactions must be submitted for clearing within five calendar days. A non-compliance assessment fee may be charged for each violation of the rule.

_{Published 15 December 2023 | P2023.1801}

Effective 12 April 2025, the Visa Easy Payment Service (VEPS) limits will increase for all transactions shown below.

Please contact your POS terminal providers to ensure your terminals and acceptance systems are updated.

Table  – Visa Increase in VEPS Limits in Australia and New Zealand

<sub>1. Limit for Australia
2. Limit for New Zealand</sub>

_{Published 15 October 2024 | P2024.1596}

Effective 18 October 2024, Visa will require all regions to retain and return all common key data elements in clearing transactions. This includes a new data element called Account Funding Source shown in the table below. The new ACI value of D (Electronic Data Quality Program (EDQP) transaction (not CPS)) will be supported in all transactions.

Contact your service provider if your system is not supported by Chase to ensure that the account funding source is retained in authorization and returned in clearing.

Please comply with these requirements to avoid reclassification and result to a different interchange rate or fee.

Table – Visa Required Common Data Elements in Clearing Transactions

<sub>1. Account Funding Source is a newly added data element populated in the transaction response beginning October 2024.
2. Formal name is Mail/Phone/Electronic Commerce and Payment Indicator.</sub>

_{Published 15 October 2024 | P2023.1842, P2024.0623, P2024.0622u4}

Effective September 2024, EMV 3DS version 2.1.0 will no longer be supported by the Visa network.

_{Published 17 May 2023 | P2022.1505; P2023.1557; P2024.1780}

Update: Visa will accept transactions that have non-English characters in the cardholder name to allow merchants from markets with non-English characters to comply with the data field requirements. Also, Visa removed the Browser Screen Height and Width from the minimum data required fields. 

Effective 12 August 2024, Visa will require you to provide the following data fields in 3DS authentication request messages:

Table 1 – Visa EMV 3DS Minimum Data Requirements

If local data privacy regulations prohibit the data from being shared, the minimum data requirements do not apply.

Visa also continues to recommend e-commerce merchants to  provide all 12 of the following data fields:

Table 2 – Visa EMV 3DS Recommended Data Requirements

_{Updated 15 October 2024 | P2024.1758, P2024.1395
Published 15 April 2024 | P2024.0008, P2023.1628}

Update:  Effective 14 June 2024, Visa will introduce a processing block for transactions with additional prohibited merchant category codes (MCCs) and transactions with limited-in-amount MCCs exceeding 5,000 USD. Visa has also added MCCs to the prohibited and restricted categories which you will find in Tables 1 and 2:

• Additional Prohibited MCCs: 5723, 6400, 6536, 6537, 6538, 6540, 6611, 7800, 7801, 7802, 9406, 9498, 9793, 9999
• Additional Restricted MCCs: 3880, 5262, 5398, 5961, 7013

On 9 June 2024, Visa will begin declining all domestic and cross-border transactions greater than or equal to 5,000 USD for Mainland China-based users with restricted MCCs, as outlined in Table 2.

Visa will block all domestic and cross-border transactions to issuers based in Mainland China. Specifically, transactions with merchant category codes (MCCs) indicating country code 156 (Mainland China), and in the categories listed below are affected:

Table 1 – Visa Fully Prohibited MCCs in Mainland China effective 19 January 2024

Table 2 – Visa Restricted MCCs in Mainland China effective 14 June 2024

<sub>1. Not a Visa MCC. Decline response code and message reason code for non-Visa MCCs will be the same as declines for prohibited category Visa MCCs.
2. MCC 5723 applies only to merchant locations that are covered under California Law and which are located in the U.S. and in the state of California.</sub>

_{Updated 14 June 2024 | P2024.0922, P2024.0631
Updated 15 May 2024 | P2023.1847u2
Updated 15 March 2024 | P2023.1847u1
Published 15 December 2023 | P2023.1847}

On 13 April 2024, Visa will make the following changes to their authorization response codes.

Table – Visa Authorization Response Codes Updates

_{Published 15 March 2024 | P2024.0192}

Effective 13 April 2024, Visa will update the payment model rules for eligible payments transacting through a Business Payment Solution Provider (BPSP). The updated rules will include, but are not limited to, the following use cases:

• Buyers to use either a Visa commercial or consumer¹ card for payments in business-to-business transactions.
• Suppliers that use Visa, but will not accept card payment for the purchase of business-related goods and services, can be paid through a BPSP².
• Suppliers from a different country can be paid through a BPSP, with additional fees applicable.

You may contact your J.P. Morgan representative for more information on these changes.

_{1. Consumer cards will only be accepted for payment until April 2027.}
2. BPSP will be required to confirm with Visa that the supplier concerned being paid through BPSP declined to accept card payment directly from the buyer.

_{Published 15 February 2024 | P2023.2207}

On 1 April 2024, Visa’s Payment Card Industry Data Security Standard (PCI DSS) v3.2.1 will be retired and on 1 July 2024, only PCI DSS validation documents based on v4.0 will be accepted.

All new assessments must be based on v4.0 to ensure that the submitted validation documents are accepted. You are encouraged to transition to v4.0 as soon as possible to ensure the protection of cardholder data. Please visit the PCI Council website for more information. 

_{Published 15 September 2023 | P2023.1230a}

Mastercard no longer requires a receipt at the time of transaction from unattended point-of-sale (POS) terminals identified with any of the below MCCs. This change is allowed provided that there is clear disclosure on how a cardholder may obtain the receipt at a later time. For example, a QR code may be displayed linking to a website where the cardholder may access their receipt by entering their card’s PAN. Any such means involving the transmission, storage, or processing card data must comply with the Payment and Card Industry Data Security Standard (PCI DSS).

• MCC 4111 (transportation: suburban and local commuter passenger, including ferries)
• MCC 4112 (passenger railways)
• MCC 4131 (bus lines)
• MCC 4784 (bridge and road fees, tolls)
• MCC 4789 (transportation services: not elsewhere classified)
• MCC 7523 (automobile parking lots and garages)

In addition, effective 24 January 2025, Mastercard will revise the description of acceptor business code MCC 4789 (Transportation services: not elsewhere classified) to include self-service point-to-point bike and scooter share services. Such services typically operate within a city or municipality and allow a rider to hire a bike for a period of time, and when returned to a docking station or they end their session, they will be charged for the period of hire.

_{Published 13 September 2024 | P2024.1542}

Mastercard launched a promotional Spend and Win campaign available from October 2024 until December 2024. In this promotion, cardholders get an automatic entry for every Mastercard credit card transaction of $5 and above. This is for your awareness only.

_{Published 15 October 2024 | P2024.1751}

On 5 November 2024, Mastercard will introduce merchant advice code (MAC) value 43 to identify multi-use Virtual Card Numbers not generated by Mastercard. This will be used for approved Account Status Inquiry as well as both approved and declined transactions.

_{Published 13 September 2024 | P2024.0767}

Effective 18 October 2024, Mastercard will require an online authorization for all refund transactions submitted for clearing.This excludes refunds conducted by airlines (MCCs 3000 through 3350 and MCC 4511) and contactless aggregated transit transaction refunds.

From 1 November 2024, this requirement will be included in Mastercard’s Data Integrity Monitoring Program. This helps ensure that all refund transactions submitted for clearing contain the proper transaction data needed for issuers to link to corresponding refund authorizations.

_{Published 13 September 2024 | P2024.0493}

Effective September 2024, EMV 3DS version 2.1.0 will no longer be supported by the Mastercard network.

_{Published 17 May 2023 | P2022.0285}

Mastercard revised their standards for card-present transaction receipts to encourage an environment-friendly digital receipt migration.

A paper receipt must still be offered to cardholders, but merchants may also offer the option of receiving a transaction receipt electronically in digital form, such as through email, text, merchant website, or other electronic means. Please make sure to adjust your refund policies to reflect the delivery of receipts in digital form.

The receipt standards for mobile point-of-sale terminals remain unchanged.

In offering a digital receipt, please ensure the following:

• Cardholder must be informed of the steps to access the receipt, and if additional personal data are required to enable access to the receipt
• Cardholder personal data must only be processed for the purpose of making the receipt available
• The receipt must be immediately available

The merchant copy of the transaction receipt may be stored and provided in digital form.

_{Published 15 July 2024 | P2024.0903}

Mastercard Safety Net and Prepaid Monitoring introduced the new decline Reason Code 83 (Fraud/Security) to be used in declining card-not-present (CNP) transactions on behalf of card issuers and will no longer use Reason Code 05 (Do Not Honor). This is applicable only to authorization transactions switched on the Mastercard network.

_{Published 15 April 2024 | P2024.0329}

Beginning 8 April 2024, Mastercard recommends not to collect Card Validation Code (CVC) 2 on tokenized and authenticated card-not-present transactions illustrated in the table below. Removing the CVC 2 verification may lead to higher authorization rates, lower checkout abandonment and better payment experience for customers.

Table – Mastercard Expected Merchant Action on Authorization of Transactions

_{Published 15 February 2024 | P2023.2190}

Mastercard has announced that the timeframe for clearing domestic point-of-sale transactions in India will be reduced starting 3 April 2024 to four calendar days when the approved authorization is received. The processing timeframes for the following transactions will be adjusted.

Table – Mastercard New Processing Clearing Timeframe

_{Published 15 February 2024 | P2023.1800}

Mastercard is revising their standards to clarify that they may, directly or through their partners, use your business’ logos and public information on their digital apps and websites, including:

• physical business location
• contact information
• sales policies

Visit Mastercard’s Logo Microsite to update your business’ logo, address, contact information, sales policies and to learn more about how these revisions may affect your business.

An added provision also states that when you have believe that any use of your business logo is inconsistent with your standards, you may contact Mastercard through us, or at their logo microsite and they will modify their usage of your logo to conform to those standards. You may also request the withdrawal of your business logo. 

_{Published 15 March 2024 | P2024.0013}

Mastercard has updated their Brand Center to include the following changes:

• The removal of trademark marking requirements for the word mark Mastercard, the Mastercard Symbol, Brand Mark, and Premium Brand Mark
• Trademark attribution notice requirements
• A new section on using Mastercard in card program name
• A new section on using card program name in marketing and card program terms and conditions

_{Published on 19 February 2024 | P2023.2319}

Update: Mastercard has moved the decommissioning of 3DS v1.0 and SPA1 AAV to 17 January 2024.

On 13 October 2023, Mastercard will decommission 3DS v1.0 and Secure Payment Application (SPA) version 1 Accountholder Authentication Value (AAV).

Please contact your J.P. Morgan representative for questions regarding EMV 3DS requirements.

_{Updated 15 December 2023 | P2023.0668u2
Published 15 August 2023 | P2023.0668}