Vantiv provides a summary of recent changes from payment networks:
- Visa expanded its tax payment program to include government and higher education payments and removed requirements on debit transactions.
- Visa modified rules for partial authorizations at fuel dispensers to no longer require reversals.
- International interchange fees will now be assessed monthly instead of daily.
- MasterCard eliminated registration for its CVC2 validation program and extended reversal windows for travel merchants.
- Discover increased its no signature limit from $25 to $50.