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Visa Implements International Service Assessment (ISA) Fee

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STARTING WITH YOUR JULY 2009 MERCHANT STATEMENT, THE FOLLOWING FEES WILL APPEAR:

VISA HAS IMPLEMENTED AN INTERNATIONAL SERVICE ASSESSMENT (ISA) FEE FOR CERTAIN ELIGIBLE INTERNATIONAL TRANSACTIONS. FOR THESE TRANSACTIONS, VISA WILL CHARGE A FEE OF 0.40% FOR CASH ADVANCE (FOR BANKING INSTITUTIONS) AND ATM TRANSACTIONS AND 0.40% FOR SALE TRANSACTIONS. THE ISA FEE WILL BE ADDED TO YOUR ACCOUNT AS APPLICABLE AND WILL BE DESIGNATED IN THE SUMMARY OF CARD FEE SECTION ON YOUR STATEMENT AS ACQ ISA FEE. ALSO, VISA HAS INSTITUTED AN ACQUIRER FEE OF $.0195 PER AUTHORIZATION. WE WILL BE ADDING A PER SALES ITEM FEE OF $0.0195 FOR ALL VISA CREDIT AND DEBIT AUTHORIZATIONS, AS APPLICABLE. THIS WILL APPEAR ON YOUR STATEMENT AS A LINE ITEM IN THE SUMMARY OF CARD FEES IDENTIFIED AS AN OTHER ITEM FEE.

MASTERCARD HAS IMPLEMENTED CROSS BORDER, ACQUIRER SUPPORT, AND NATIONAL ACQUIRER BRAND USAGE FEES.  MASTERCARD WILL CHARGE A CROSS BORDER FEE OF 0.30% FOR ELIGIBLE INTERNATIONAL TRANSACTIONS. MASTERCARD WILL CHARGE AN ACQUIRER SUPPORT FEE OF 0.45% FOR CERTAIN ELIGIBLE INTERNATIONAL TRANSACTIONS OR INTERNET TRANSACTIONS THAT WERE AUTHENTICATED VIA A SPECIAL CHANNEL ENCRYPTION.  MASTERCARD WILL CHARGE A NATIONAL ACQUIRER BRAND USAGE FEE OF $0.0185 FOR U.S. ISSUED SETTLED TRANSACTIONS.   

THE CROSS BORDER, ACQUIRER SUPPORT, AND NATIONAL ACQUIRER BRAND USAGE FEES WILL BE ADDED TO YOUR ACCOUNT AS APPLICABLE AND WILL BE DESIGNATED AS SUCH IN THE SUMMARY OF CARD FEES SECTION ON YOUR STATEMENT.

CONTINUING YOUR MERCHANT ACCOUNT WITH US OR USE OF YOUR MERCHANT ACCOUNT AFTER THE EFFECTIVE DATE WILL REPRESENT YOUR ACCEPTANCE TO THESE TERMS. 

IF YOU HAVE ANY QUESTIONS REGARDING THESE CHANGES, PLEASE CONTACT US AT THE CUSTOMER SERVICE NUMBER LISTED ABOVE.