CARD BRAND ENHANCEMENTS

Visa

• Visa is introducing updates to their dispute process.
• Visa is introducing reduced timeframes for transaction processing and late presentment.
• Visa is eliminating the “Call Auth” referral responses, replacing them with Approved or Declined responses.

MasterCard

• MasterCard is adjusting some chargeback reason codes.
• MasterCard is introducing new standards for processing authorizations and pre-authorizations.
• MasterCard is introducing new auth reversal fees.

Discover

• Discover is introducing ProtectBuy for e-commerce transactions.
• Discover is modifying recurring payment interchange programs.

American Express

• American Express is introducing new MCC codes.