The Private Venture(s)
is home to the GestaltRoni Project & Fund
What is the GestaltRoni Project?
The project is a project designed to eradicate poverty and create permanent employment for the average person in a city near you.
OCTOBER INTERCHANGE 2019 ANNOUNCEMENT
Visa, MasterCard, American Express and Discover associations periodically review and modify their interchange rate structures and billing strategies. Specific association modifications are beyond the control of independent processors and will affect all merchant card processors and their customers. Visa, MasterCard, American Express, and Discover card associations have announced changes to their programs and rates effective October 2019.
Visa, MasterCard, American Express and Discover are making several changes to interchange programs and rates effective for October 2019. Details of these changes will be available at a later date.
Visa is updating their Global Private Label Specialized Fee Program.
MasterCard is updating their Consumer and Commercial Product Codes for interregional and intraregional Refunds/Returns.
MasterCard is updating certain interchange rates.
MasterCard will be life cycling certain interchange categories from qualifying under IRD 62 and IRD 67 in the US Region.
MasterCard is making changes to the following programs:
STAR is increasing the Merchant Location Participation Fee assessed annually from their current $12.00 Fee to $16.00.
I In order to meet the required 30 day notification of increases and changes to merchants, the following statement message will appear on all August statements for some processors delivering to merchants early September.
Effective October 2019: Visa, MasterCard, American Express, and Discover Card Services are introducing new (and modifying current) interchange structures and association processing program fees. Details surrounding these changes will be addressed on your September 2019 Merchant Statement.
The Following will be included on active PIN debit merchant statements: Several PIN Debit Networks charge annual participation fees to access their processing networks. Effective in 2019, the ACCEL Network annual fee is $12.00, the PULSE Network annual fee is $12.00, the NYCE Network annual fee is $14.00, and recently announced, the STAR Network will increase its current fee from $12.00 to $16.00. Annual billing of these fees will occur as follows: the ACCEL Network fee will be billed annually starting in October 2019, the PULSE Network fee will be billed annually starting in April 2020, the NYCE Network fee will be billed annually starting in August 2020, and the STAR Network fee will be billed annually starting in October 2019. These annual fees will be collected from your merchant account for access to these PIN Debit Networks.
Information is also by TSYS
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