Payment Brand Changes

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}

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}

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 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 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.}

_{Published 15 February 2024 | P2023.2046}

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 14 October 2023, Visa will revise their interregional interchange structure to include new rates that differentiate between card-present and card-absent transactions. Visa will also add a new downgrade rate for authorizations that are not settled within three days¹ (seven days¹ for card-absent airline transactions), and a credit voucher interchange rate for consumer and commercial products.

Table 1 – Consumer Interregional Interchange Rates

Table 2 – Commercial Interregional Interchange Rates

Table 3 –Interregional Interchange Credit Voucher (Refund) Rates

_{1. Sundays, central processing date, and purchase date are excluded from the calculation.}

_{Published 15 August 2023 | P2023.0555}

Visa has revised their Credit Business domestic interchange rates as shown below.  This will apply to transactions acquired in Australia with a Visa Business Credit Card issued in Australia. 

Table – Revised Visa Credit Business Domestic Interchange Rates

_{1. Goods and Services Tax.}

_{Published 13 October 2023 | P2023.1446}

On 1 October 2023, Visa will update their Account Verification (AV) Service fee structure as shown in the table below. These fees will be applicable for AVs performed through either ISO or API channels, including the following API channels:

•  Payment Account Validation
•  Digital Account Verification
•  Visa Payment Processing

Table – Visa Account Verification Service Fee

_{Published 15 August 2023 | P2023.0493u1}

Effective 1 October 2023, Visa is introducing their new small and medium Business (SMB) program to support the continued growth and acceptance of SMBs on the Visa network. The interchange rates shown in the table below will apply to eligible domestic debit transactions at eligible merchants.

To qualify for this program, you must meet all of the following criteria:

•  Have a unique tax ID
• Have less than 10M AUD in domestic debit qualifying merchant sales volumes (MSV) for the 12 months prior to participation; or, if the merchant had less than 12 months consecutive MSV, then the annualized MSV is less than 10M AUD
• Must not be covered under a separate interchange agreement
• Must not be processed via a marketplace or a staged digital wallet

Table – Visa New Small and Medium Business Program Fees for Domestic Debit Transactions

_{1. Goods and Services Tax}

_{Published 15 August 2023 | P2023.1291}

On 11 July 2023, Visa activated their Visa Account Updater (VAU) and Real Time VAU. These activations provide the benefits of active lifecycle management for PAN-based payments, in addition to token-based payments, at credential-on-file (COF) sellers. Active lifecycle management allows you to experience higher cart conversion and payment success rate. Your customers will also see fewer declines associated with fraud, closed accounts, and expired or lost/stolen cards.

Table – Visa Account Updater and Real Time Visa Account Updater Pricing

For more information about the VAU services, contact your J.P. Morgan representative.

_{Published 14 July 2023 | P2023.0712u1}

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}

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

<sub>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.</sub>

_{Published 15 May 2024 | P2024.0383}

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).

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

_{Published 15 May 2024 | P2024.0365}

Effective 8 July 2024, Mastercard will consolidate the Acquirer International Volume Assessment and the Acquirer Cross-Border Assessment Fees as shown in the table below.

Table  – Consolidated Acquirer Cross-Border and Acquirer International Volume Assessment Fee

_{Published 15 May 2024 | P2024.0033}

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 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

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

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

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}

On 1 September 2023, Mastercard revised their domestic Single Network Debit Card point-of-sale (POS) interchange rates. Interchange rates for other Mastercard Single Network Debit programs that are not included in the table will remain the same.

Table – Mastercard Domestic Single Network Debit Interchange Rates

_{1. Goods and Services Tax.}

_{Published 13 October 2023 | P2023.1472}

Update: On 1 September 2023, Mastercard revised additional domestic credit interchange rates. Please refer to the below table for the updated list.

Mastercard revised their domestic point-of-sale (POS) interchange rates for transactions acquired in Australia with a Mastercard credit card that was issued in Australia. Interchange rates for other Mastercard credit programs that are included in the table will remain the same.

Table – Revised Mastercard Domestic Credit Interchange Rates

_{1. Goods and Services Tax.}
2. New rates effective 1 September 2023.

_{Updated 13 October 2023 | P2023.1472
Published 15 August 2023 | P2023.1203}

Mastercard has modified their Consumer Super Premium: Other Card Not Present interchange rates for Mastercard credit cards issued in Australia to 0.869% including Goods and Services Tax (GST) and 0.790% excluding GST.

_{Published 15 September 2023 | P2023.0838}

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

_{Published 17 May 2023 | P2022.1505}

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

_{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}

Visa is reminding merchant-initiated transaction (MIT) framework participants that interim transaction identifiers will no longer be supported starting 1 November 2023. Please make sure to provide a valid transaction ID when requesting for authorizations on merchant-initiated transactions, including recurring, unscheduled, and installment transactions, to avoid declines.

_{Published 15 August 2023 | P2023.1028}

Effective November 1, 2023, Visa’s new sensory branding requirements, which includes the Visa brand animation, the Visa brand sound and the Visa brand haptic, should be used in all payment experiences.

More information can be found in the Visa Digital Brand Requirements, available on visa.com.

Please contact your e-commerce solution provider to integrate the new Visa Sensory Branding requirements into your payment experiences.

_{Published 17 May 2023 | P2022.0241}

Starting 14 October 2023, PIN and consumer device cardholder verification method will no longer be needed for unattended Visa transactions regardless of amount or type, without any liability implications. This change applies to transactions in the following countries

•  Brunei
•  Cambodia
• Mainland China
• Cook Islands
• Fiji
•  Hong Kong
•  Indonesia
• Kiribati
•  Macau
•  Maldives
• Myanmar
•  Papua New Guinea
• Philippines
• Samoa
• South Korea
• Singapore
•  Solomon Islands
• Sri Lanka
• Taiwan
• Thailand
•  Tonga
•  Vanuatu
•  Vietnam

_{Published 15 September 2023 | P2023.0982}

Effective 14 October 2023, Visa will make the following changes to their dispute rules.

I. Pre-Arbitration Processing Requirements for Dispute Conditions where the Cardholder denies authorization of or participation in a transaction 

For delayed transactions, such as those billed after a cardholder’s departure in a hotel stay, trip, or car rental return, you may submit evidence that the transaction is connected to a previous stay, travel, or rental period (e.g., a parking violation that occurred during the car rental)

II. Dispute Rule change under “Not as Described or Defective Merchandise / Services”

Disputes that are filed due to the quality of food received at restaurants will be invalid.

_{Published 14 July 2023 | P2023.0530}

Effective 1 October 2023, Visa will implement the Visa Digital Goods Merchant Fraud Monitoring Program to reduce losses due to digital goods and small ticket fraud. The program introduces minimum standards for fraud performance and identifies merchant outlets with excessive fraud levels.

Merchants would be assessed non-compliance fee if the program threshold is met or exceeded.

Threshold Criteria:

• 25,000 USD  fraud amount; and
• 300 fraud count; and

• 0.9% fraud-dollar-to-sales-dollar ratio

Merchants are strongly advised to take steps to ensure adequate risk controls are maintained prior to the program going operational.

Merchant Category Codes: The program will cover the following merchant category codes (MCCs):

• 5735 – Record Stores
• 5815 – Digital Goods Media – Books, Movies, Digital artwork/images, Music
•  5816 – Digital Goods – Games
•  5817 – Digital Goods – Applications (excludes Games)
•  5818 – Digital Goods – Large Digital Goods Merchant

_{Published 17 May 2023 | P2023.0131}

This program supports mutually agreed-upon rates between buyers and suppliers using virtual accounts on interregional, intraregional and domestic virtual business-to-business (B2B)¹ purchase transactions to support non-travel purchases for goods and services, targeted to wholesale and invoice-based transactions.

Please reach out to your JP Morgan representative if you require more information on the Visa Commercial Choice Omni program.

_{1. Transaction or business conducted between one business and another, such as a wholesaler and retailer.}

_{Published 13 October 2023 | P2023.1593}

Visa may classify cardholder-initiated tokenized transactions as Electronic Commerce Indicator (ECI) 05 if they meet the following criteria.

• The token authentication verification value (TAVV) is included in the authorization request and validated by the Visa Token Service (VTS), and
• The token types are either:
  • 01 credential-on-file and the token requestor-token service provider (TR-TSP) is Apple Inc.
  • 02 secure element and the token requestor (TR) is Apple Inc.

_{Published 15 September 2023 | P2023.1383}

Some cardholders are choosing to personalize their cards by transplanting the EMV chips and transferring the magnetic stripe data from their original cards that were issued by Visa to non-Visa customized cards. Visa has shared the following information about customized cards.

• Customized cards may not be compliant with ISO standards for payment cards and may not fit into chip readers
• Transplanted EMV chips may not have contactless functionality
• Customized cards may not be recognizable because they don’t have the Visa brand mark
• Merchants are not required to accept a non-Visa custom card

_{Published 14 July 2023 | P2023.0878}

Visa currently monitors the existing data fields in the table below when you submit fraud-related disputes for card-not-present transactions. Please complete these data fields when you submit evidence for a dispute. If you choose not to provide this data, you will lose the right to challenge future disputes filed against you.

Table – Required Data Fields

_{1. Internet Protocol Version 4}
2. Internet Protocol Version 6

_{Published 14 July 2023 | P2023.0788}

Visa no longer supports Visa Checkout. Clients were automatically transitioned to Visa Click to Pay as part of their commitment to align with EMVCo Secure Remote Commerce standards.

_{Published 14 July 2023 | P2023.0781}

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 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}

On 7 November 2023, Mastercard is introducing the following merchant advice codes (MAC) in their authorization responses:

• 40 – for a consumer non-reloadable prepaid card
•  41 – for a consumer single-use virtual card number (VCN)

By using these MACs for card-not-present (e.g., e-commerce) transactions, you may benefit from:

•  The ability to optimize approval rate performance,
• Lower operational costs associated with submitting unnecessary authorization requests and,
•  Improved management and continuity of subscription services. If you accept non-reloadable prepaid and single-use VCN cards, these MACs give you the opportunity to inform your customers that are using these products that they should replace their payment source to ensure uninterrupted service for ongoing purchases.

Do not store Mastercard or Maestro account credentials for future transactions if the issuing bank has transmitted one of these MACs in their response message.

_{Published 15 September 2023 | P2023.0965}

The Reserve Bank of India (RBI) issued the following restrictions on storage of actual card data for guest checkout transactions:

• You and/or your payment aggregator can save card-on-file data for a maximum of 2 days after the transaction date, or until the settlement date, whichever is earlier. The data can only be used for transaction settlements and must be purged after.
•  The banks can’t store card-on-file data for guest checkout transactions beyond 180 days after the transaction date.
•  Only banks are permitted to store actual historical card details used for guest checkout transactions in offline storage mediums.

The RBI will consider appropriate penal action, including imposition of business restrictions, in case of any non-compliance.

_{Published 15 September 2023 | P2023.1301}

As best practice, Mastercard recommends that you rotate the individual Security Standards Council (SSC) assessor you engage from within independent security organizations if you are required to employ a Payment Card Industry (PCI) SSC assessor for PCI compliance validation.

_{Published 15 September 2023 | P2023.1362}

Mastercard recommends not to collect CVC 2 on the checkout page for domestic card-on-file card-not-present tokenized transactions. This will result in higher authorization rates, lower checkout abandonment, and better payment experience for customers.

_{Published 15 August 2023 | P2023.1214}

Mastercard will expand their Mastercard Installments program to Malaysia and Australia by the end of 2023. This program is part of the Buy-Now-Pay-Later service for cardholder payment flexibility.

Please contact your JPMorgan representative if you would like to learn more about the program.

_{Published 15 August 2023 | P2023.0832}