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Archive for the ‘Vision Payments Bulletin’ Category

Debit Network Updates

In Vision Payments Bulletin on January 14, 2011 at 8:27 am

VPS has been notified that ACCEL / AFFN / STAR have announced modifications to the current rates. Effective February 1, 2011 changes are as follows:

ACCEL
• Accel has announced a modification to the PINless Maximum Premium Rate from $1.73 to $1.78.

AFFN
• Retail merchants will be billed at 0.75% + $0.185 per transaction with a maximum transaction fee of $0.835.
• Supermarket merchants will be billed at $0.235 per transaction.
• Major merchants will be billed at 0.60% + $0.135 per transaction with a maximum transaction fee of $0.535.
• A new interchange level for QSR is being implemented at 1.25% + $0.16 per transaction with a maximum transaction fee of $0.485.

NYCE
• Retail merchants will be billed at 0.80% + $0.2275 per transaction.
• Supermarket merchants will be billed at $0.3175 per transaction.
• Retail Premium transactions will be billed at 0.80% + $0.3025 per transaction.
• Medical Retailer Premium transactions will be billed at 1.20% + $0.3175 per transaction.
• Small Ticket Premium transactions will be billed at 1.25% + $0.2675 per transaction.
• Quick Service Restaurant (QSR) Premium transactions will be billed at 1.25% + $0. 2675 per transaction.
• Supermarket Premium transactions will be billed at $0.3925 per transaction.
• Petroleum Premium transactions will be billed at 0.80% + $0.2475 per transaction.
• PINless Premium transactions will be billed at 0.65% + $0.2475 per transaction.
• PINless Maximum Premium transactions will be billed at $2.1175 per transaction.

Updated Interchange Guides will be posted to Aurora once available.

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CARD SALES DECLINES CONTINUE TO IMPROVE FOR MAIN STREET BUSINESSES

In Vision Payments Bulletin on November 1, 2010 at 4:28 pm

New York (November 1, 2010) Capital Access Network, Inc.’s (CAN) Data Services Division today released its Q3 2010 Small Business Credit Sales Report (SBCS Report). This SBCS Report shows that “Main Street” brick and mortar retailers, service providers and restaurants demonstrated the fourth consecutive quarter of moderation in Year-over-Year (YoY) card sales declines, decreasing from a high of 14.84% in Q3 2009 to this quarter’s YoY card sales decline of 5.06%.

“This report from CAN, along with Federal Reserve Statistical Release G.19 Consumer Credit published on October 7, 2010, lends support to the notion that Main Street retailers, service providers and restaurateurs seem to be attracting a disproportionately high share of the reducing consumer credit card float,” states Glenn Goldman, CAN’s CEO and President. “The restaurant industry offers another bright spot in this quarter’s report, as those with tickets averaging less than $25 experienced year-over-year card sales growth of 0.36% for the first time since Q1 2009.”

A copy of the Q3 2010 SBCS Report can be viewed at

http://www.capitalaccessnetwork.com/viewdocument/SBCSQ32010.pdf.

Key Q3 2010 SBCS Report Highlights:

1. Overall same store credit and signature debit cards sales dropped 5.06% from their Q3 2009 levels. This quarter’s card sales represent the twelfth consecutive quarter of YoY declines. However, the Q3 2010 card sales decline also demonstrates the fourth consecutive quarter of a continued moderation in YoY card sales declines, decreasing from a high of 14.84% in Q3 2009 to this quarter’s YoY card sales decline of 5.06%.

SPOTLIGHT: Federal Reserve Statistical Release G.19 Consumer Credit published on October 7, 2010 lends support to the notion that Main Street retailers, service providers and restaurateurs have adjusted to the lower card spends — and since Q1 2010 seem to be attracting a disproportionately high share of the reducing consumer credit card float. In Q1 2010, Main Street’s YoY card sales declined at a faster clip than the annual rate of decline in revolving consumer credit with YoY card sales down 9.16% and the annual rate of decline in revolving consumer credit at 8.5%. By Q2 2010, the curves inverted, with revolving consumer credit down at an annual rate of 7.2% and YoY Main Street card spend down only 5.6%. The trend continued through the summer. The Fed reports 7.5% and 7.2% annual rate decreases in consumer revolving credit for June and July 2010, respectively, and projects a 7.2% decrease for August 2010. For Q2 2010, and each of June, July and August 2010, the card spend on Main Street saw YoY declines of 5.6%, 5.7%, 5.4%, and 4.7%, respectively.

2. For the eighth consecutive quarter, all MSA* sizes reported declining YoY same store credit sales. However, MSAs with populations between 100,000 and 249,999 experienced essentially flat YoY card sales volumes, declining less than 1%. The rate of YoY card sales decline slowed in Q3 2010 for all MSA sizes – except for the 1 million+ population group. That most-populous grouping saw card sales decline 7% in Q3 2010 compared to the same period in 2009.

3. The Restaurant sector seems to have stabilized this quarter with a 1.65% YoY decline, compared to Q2 2010’s 1.18% reported YoY decline. The Retail sector demonstrated its fourth consecutive quarter of reduced card spend decline. On a quarter over prior year’s quarter basis, in Q3 2009, card sales declined for the Retail sector by 18.46%, followed by 15.22% in Q4 2009, 11.67% in Q1 2010, 9.32% in Q2 2010, and now 7.73% in Q3 2010.

SPOTLIGHT: While Q3 2010 saw card sales at Restaurants soften slightly overall on a YoY basis, no Average Ticket Size breakout experienced a greater than 3.76% decline. The least expensive restaurants — those with tickets averaging less than $25 — actually experienced YoY card sales growth (0.36%) for the first time since Q1 2009. The most expensive restaurants – those with tickets averaging more than $100 were essentially flat, declining less than 0.5% on a YoY basis.

4. For the seventh consecutive quarter, seven out of eight regions reported declining YoY Main Street card sales with New England showing positive YoY card sales for the first time since Q4 2008. However, all regions saw reductions in the rate of YoY decline in Q3 2010 as compared to the YoY decline seen in Q2 2010, with the exceptions of the RockyMountain and the Southeast Regions. The Rocky Mountain Region saw the greatest decline in card sales in Q3 2010 followed by the Southeast Region, with their retailers, service providers and restaurateurs seeing card sales fall 8.47%, and 6.47% compared to Q3 2009, respectively.

5. Less established businesses continue to struggle compared to more established business, although every Time in Business category posted card sales declines, as they have for nine straight quarters. Length of time in business continues to correlate with credit sales activities. Main Street businesses that have been operating more than 10 years have experienced slower rates of YoY decline than their less experienced counterparts in each of the past four quarters.

*Metropolitan and Micropolitan Statistical Areas as defined by the Office of Management and Budget based on U.S. Census Bureau data.

OBSERVED HOLIDAY

In Vision Payments Bulletin on May 27, 2010 at 7:43 am

2010.05.27

Please be advised that Vision Payment Solutions offices will be closed on Monday, May 31st in observance of the Memorial Day holiday.  Most of our day-to-day operations will not be available; however Level 1 Customer Support will be available for merchants using the contact information below:

Phone: 877-674-2286, choose option 2

Email Distribution List: SalesSupport@visionpayments.com

Have a great weekend.

Verifone NURIT POS6STD: Application Retirement

In Equipment Updates, Vision Payments Bulletin on April 14, 2010 at 10:14 pm

2010.04.14


Effective immediately, Vision Payments will be programming all Verifone NURIT terminals with a minimum application version POS7STD.

Due to new Card Association rules & regulations, VPS cease using the POS6STD application for the Verifone NURIT product line.  Verifone has deemed this application retired and VPS will be discontinuing all terminal builds with this particular application version.

The minimum application version for the Verifone NURIT 2085 & 3020 terminals is POS7STD.

Thank you for your continued support and cooperation, VPS prides itself on staying up to date with the Card Associations mandates and follow all rules & regulations with respect to Compliance.

Should you have further questions please contact Sales Support:

SaleSupport@VisionPayments.com

PCI DSS Merchant Compliance Program

In Vision Payments Bulletin on April 6, 2010 at 1:17 am

2010.04.05

NOTE: VPS is pleased to announce the release of our PCI DSS Merchant Compliance Program beginning April 2010.  As you may be aware, Credit Card Associations now require VPS to certify and continuously monitor that each of our merchants are Payment Card Industry Data Security Standard (PCI DSS) compliant.  PCI Compliance plays an important part in protecting our merchants from loss of revenue, reputation, and a loss of business.  PCI Compliance applies to all merchants, no matter their size, transaction patterns, or equipment.   As you may already know, Vision Payments has worked hard to ensure that credit card transactions are fully protected on all of our internal systems throughout all stages of the transaction process.  Now, VPS will be working directly with our merchant portfolio to ensure that cardholder data is protected as the transaction is transmitted via our merchants’ hardware and/or software equipment.

VPS would like to thank you, and let you know that we truly appreciate your patience, as we built resources, hired & trained internal staff, and formulated a plan of action that will ensure our conversion to merchant PCI DSS compliance will be as simple and painless for our agent partners as possible.  Our agent partners will have no requirements other than simply encouraging their merchants to access our online PCI DSS Resource Center as we move our entire portfolio toward PCI DSS compliance.

The VPS PCI DSS Resource Center is an interactive system which enables merchants to proceed at their own pace and provides the educational tools necessary to complete PCI compliance accurately, including our Merchant Wizard”. The VPS PCI DSS Resource Center will document each individual merchant identification numbers’ (MID) compliance progress, and will store the merchant attestation for future reference.

The VPS PCI DSS Resource Center provides instant definitions, aids, explanations, policies, handbooks, inserts and the “Security Awareness Program.”  You can review this program by contacting: SalesSupport@VisionPayments.com

Vision Payments requires that all merchants participate in the PCI DSS Merchant Compliance Program.  Agents will be assessed a monthly cost of $7.99 per MID for the PCI DSS Resource Program.  ALL merchants will begin seeing a cost of $8.99 added to their monthly statement beginning with the April 2010 statement cycle.  Agents will receive an increased monthly revenue share for the PCI Compliance Program Fee on each existing merchant at their respected profit split.

Merchants will be given until July 30, 2010 to complete their online requirements to avoid an additional PCI Compliance penalty of $10.00 per month.   The non-compliance PCI surcharge penalty will not be shared with agent partners.

Merchants Boarded After April 17, 2010 will have a monthly cost of $8.99 for the VPS PCI Compliance Program, at which the agent will receive a $1.00 profit share each month on each merchant account.  The VPS Merchant Agreement has an open line item on page 2 under the rate section to begin charging newly boarded merchants.

Existing merchants will be notified on their March processing statement via the below message:

Merchant Statement Message – 10.03.31

VPS is pleased to announce the release of our PCI DSS Merchant Compliance Program beginning April 01, 2010.  As you may be aware, Credit Card Associations now require VPS to certify and continuously monitor that each of our merchants are Payment Card Industry Data Security Standard (PCI) compliant.  PCI Compliance plays an important part in protecting a merchant from loss of revenue, reputation, and a loss of business.  PCI Compliance applies to all merchants, no matter their size, transaction patterns, or equipment.  The PCI Security Standards Council was formed to ensure all merchants are aware that they are responsible for the data in their possession, and losing that personal data can result in extraordinary expenses.  The Card Associations may levy fines in excess of $100,000.00 for a single card data compromise.  To learn more about the PCI Security Standards Council visit: www.pcisecuritystandards.org/index.shtml

To assist our merchants with meeting the demands of obtaining PCI Compliance, we have created the VPS PCI DSS Resource Center. This online interactive system enables our merchants to proceed at their own pace and provides the educational tools necessary to complete PCI compliance easily, and accurately. The VPS PCI DSS Resource Center will document your compliance progress, and will help you continuously meet compliance requirements.  The VPS PCI DSS Resource Centerprovides you with instant definitions, aids, explanations, policies, handbooks, inserts and the “Security Awareness Program.”  Visit http://www.visionpayments.com/pcitoolkit to begin taking the steps towards PCI Compliance.

Vision Payments requires that all merchants participate in the PCI DSS Compliance Program.  Beginning with your April 01, 2010 statement you will be billed the additional PCI Compliance Fee cost of $8.99, which will be added to your monthly statement.

For more information contact your Agent Representative or VPS directly:

877 674-2286

INFO@VisionPayments.com

You can enroll in upcoming live training sessions and find additional training material by visiting:   

OBSERVED HOLIDAY

In Vision Payments Bulletin on April 2, 2010 at 4:30 pm

10.04.02

Please be advised that VPS Corporate offices will be closing early today in observance of the holiday weekend. As a result we will have a new account boarding request deadline of 2:30PM EST. We ask that you send your requests prior to this time. We thank you in advance and hope everyone has a safe and enjoyable holiday.Technical Support will be available as usual.   Closing: 3:30 PM EST
Please enjoy your holiday! Thank you, Team VPS

Product Retirement: Omni 3200

In Equipment Updates, Vision Payments Bulletin on April 2, 2010 at 11:45 am

10.04.02


EFFECTIVE APRIL 16TH, 2010, the VERIFONE Omni 3200 will be removed off all VPS Download and Terminal Build Centers.  Due to new Card Association rules and regulations, VPS will no longer be able to reprogram the Omni 3200. This terminal will be considered a retired terminal and VPS will be discontinuing all terminal rebuilds.

VPS will continue to assist merchants that are processing with this terminal, however if the unit is deemed defective and requires replacement the recommended hardware replacement is the VERIFONE Vx-510LE and or the Vx-570 terminal.

PCI DSS July 2010 Mandates Reminder

In PCI Compliance & Data Security, Vision Payments Bulletin on March 12, 2010 at 8:25 pm

10.03.12

Vision Payments would like to remind you of the pertinent deadline applicable to PCI DSS mandates in relation to 3rd party software.
Effective July 1, 2010, all Acquirers must ensure their merchants and agents use only PA-DSS compliant applications. The HSBC certification team has continued to actively work with our Certified Application Providers to ensure that all software certified to our platform is compliant. As you are aware, VPS will not integrate with any application that is either listed as a vulnerable payment application or with any application that is not PA-DSS validated. It is our recommendation that if you use a certain software regularly, you inquire with the vendor about their compliance status or review the information posted on the PCI Security Standards Council website at:

https://www.pcisecuritystandards.org

In addition, please be reminded that all agents are expected to monitor their merchants to ensure that at least minimum standards of compliance are met and to adhere to at least the following guidelines:

  • Detailed and accurate completion of the Cardholder Data Storage section of the merchant application including any software, gateway or shopping cart that is being utilized by the merchant. Accurate and thorough completion of this section of the merchant application, and subsequent entry of the information into the applicable boarding tool or system, is mandatory. Any disregard to providing this information accurately and consistently may result will not be tolerated as this information is critical for reporting that must be provided periodically to the associations.
  • Verification of any 3rd party against the VPS Third Party Application listing, the list of validated payment applications and/or the list of CISP compliant providers prior to merchant boarding. These list can be obtained by visiting the PCI Council website or the Visa website at (click logo):
  • VPS will be auditing our entire portfolio and notifying agents of non-compliant previously boarded merchants to ensure that they are updated to compliant software versions in advance of the July 1, 2010 deadline for full merchant remediation.

It is strongly recommended for every sales agent develop a compliance strategy for all merchants.  While many merchants are not deemed high risk, all merchants need to be educated on the best practices and merchant obligations relative to compliance and the securing of cardholder data.

Should you have further questions please contact Sales Support:

SaleSupport@VisionPayments.com

April 2010 Interchange Update

In Payments Industry Stuff, Vision Payments Bulletin on February 24, 2010 at 4:41 pm

10.02.24

NOTE:  Interchange modifications that will be effective in April 2010.  Additional changes to rates and programs are included in the below announcement.  Items with updates are shown in bold.  VPS will announce existing merchant pricing decisions via a follow-up bulletin which will include a copy of the statement message release to our merchant portfolio.

MasterCard Initiatives

Assessment Fee
Currently, MasterCard’s Assessment fee is 0.095%. MasterCard will increase the Assessment fee to 0.110%.

Old New
Discover Assessments 0.095% 0.110%

Interregional Interchange Rate Structure

MasterCard is introducing new Interregional Interchange programs. A unique brand product classification has been defined for each of the consumer credit, debit, and commercial product families. The following brand products will qualify for the new Interregional Consumer Premium Interchange Structure. The charge types and rates will be released in upcoming notices.

50 1600 TBD Interregional Consumer Premium Standard-US TBD
50 1601 TBD Interregional Consumer Premium Electronic-US TBD
50 1602 TBD Interregional Consumer Premium Full UCAF-US TBD
50 1603 TBD Interregional Consumer Premium Merchant UCAF-US TBD
50 1604 TBD Interregional Consumer Premium Standard-Non US TBD
50 1605 TBD Interregional Consumer Premium Electronic-Non US TBD
50 1606 TBD Interregional Consumer Premium Full UCAF-Non US TBD
50 1607 TBD Interregional Consumer Premium Merchant UCAF-Non US TBD

51 1600 TBD Interregional Consumer Premium Standard-US TBD
51 1604 TBD Interregional Consumer Premium Standard-Non US TBD

In addition to the new Interregional categories, the below fee programs have been modified.

56 1203 NQ Standard 3.12% + $0.10
56 1223 NQ Business T & E I 2.67% + $0.0
56 1225 NQ Large Ticket 2 1.42% + $40.00
56 1232 NQ Business T & E II 2.52% + $0.10
56 1235 NQ Business T& E III 2.47% + $0.10
56 1255 NQ Large Ticket 3 1.42% + $40.00
56 1281 NQ Data Rate I 2.82% + $0.10
56 1282 NQ Corporate Data Rate II 2.37% + $0.10
56 1283 MQ Data Rate III 1.97% + $0.10
56 1285 NQ Corporate Face-to-Face 2.37% + $0.10
56 1286 NQ Large Ticket 1 1.42% + $40.00
56 1325 MQ Commercial Data Rate II Petroleum 2.22% + $0.10
56 1329 MQ Commercial Face-to-Face Petroleum 2.22% + $0.10
57 1203 NQ Standard 3.17% + $0.10
57 1223 NQ Business T & E I 2.72% + $0.0
57 1225 NQ Large Ticket 2 1.47% + $40.00
57 1232 NQ Business T & E II 2.57% + $0.10
57 1235 NQ Business T & E Rate III 2.52% + $0.10
57 1255 NQ Large Ticket 3 1.47% + $40.00
57 1281 NQ Business Data Rate I 2.87% + $0.10
57 1282 NQ Corporate Data Rate II 2.42% + $0.10
57 1283 MQ Data Rate III 2.02% + $0.10
57 1285 NQ Corporate Face-to-Face 2.42% + $0.10
57 1286 NQ Large Ticket 1 1.47% + $40.00
57 1325 MQ Commercial Data Rate II Petroleum 2.27% + $0.10
57 1329 MQ Commercial Face-to-Face Petroleum 2.27% + $0.10

Reduction of Zero Tax Incentive

MasterCard is revising the qualification criteria for Commercial Face to Face and Commercial Data Rate II. Effective April 2010, zero will no longer be accepted as a valid tax value to qualify for these rate categories. Only non-zero tax values that fall within the specified valid range will be accepted. Therefore, if a commercial transaction has no sales tax, or if the acquirer or merchant cannot provide sales tax data, the transaction will downgrade to a lower interchange level.

MasterCard Enhanced Small Business

MasterCard is adding a new interchange program for MasterCard Enhanced Small Business. New card types are being created. Please see the below grid for new card/charge type assignment and corresponding rates.

MC Enhanced Small Business All 5E
5E 1203 NQ Standard 3.07% + $0.10
5E 1223 NQ Business T & E I 2.62% + $0.0
5E 1225 NQ Large Ticket 2 1.37% + $40.00
5E 1229 NQ Business Utilities 0.0% + $1.50
5E 1232 NQ Business T & E II 2.47% + $0.10
5E 1235 NQ Business T & E Rate III 2.42% + $0.10
5E 1253 Q Warehouse Club 1.10% + $0.05
5E 1255 NQ Large Ticket 3 1.37% + $40.00
5E 1281 NQ Business Data Rate I 2.77% + $0.10
5E 1283 MQ Data Rate III 1.92% + $0.10
5E 1286 NQ Large Ticket 1 1.37% + $40.00
5E 1322 NQ Data Rate II 2.32% + $0.10
5E 1325 MQ Commercial Data Rate II Petroleum 2.17% + $0.10
5E 1326 NQ Business Face-to-Face 2.32% + $0.10
5E 1329 MQ Commercial Face-to-Face Petroleum 2.17% + $0.10
5E 1379 Q Warehouse Club Tier 1 0.90% + $0.0

Visa Initiatives

No Signature Required Program (NSR)

Visa is implementing modifications to the NSR (No Signature Required) program. Changes to the program are as follows:

  • MCC 5993 (Cigar Stores/Stands) is being added as an eligible MCC
  • Standardize amount to equal to or less than US $25.00 to be eligible for NSR
  • Transaction with cash back amounts will not be eligible for NSR

Visa has announced additions to the NSR program. Effective July 2010, the NSR program has been extended to most MCCs. Transactions on U.S. issued cards of $25 or less from all MCCs (except those listed in Table 1, below) will be eligible to qualify for the NSR program.

In addition, Visa has announced additions to the CPS/Small Ticket Interchange Program. Effective October 2010 CPS/Small Ticket has been extended to most MCCs. All MCCs (except those listed in Tables 1 and 2, below) will be eligible to qualify for the U.S. CPS/Small Ticket Interchange program. Transactions made through merchants eligible for the Visa CPS/Retail and Supermarket performance threshold interchange programs will not be eligible for the CPS/Small Ticket Interchange program. These changes will be implemented in conjunction with the announcement of modifications to U.S. Interchange.

MCCs Excluded from U.S. NSR Program
4829 Wire Transfer Money Orders
5542 Automated Fuel Dispensers
5960 Direct Marketing – Insurance Services
5962 Direct Marketing – Travel Related Arrangement Services
5964 Direct Marketing – Catalog Merchants
5965 Direct Marketing – Combination Catalog and Retail Merchants
5966 Direct Marketing – Outbound Telemarketing Merchants
5967 Direct Marketing – Inbound Telemarketing Merchants
5968 Direct Marketing – Continuity / Subscription Merchants
5969 Direct Marketing/Direct marketers (not elsewere classsified)
6010 Financial Institutions – Manual Cash Disbursements
6011 Financial Institutions – Automated Cash Disbursements
9405 Intra-Government Purchases (government only)
MCCs Excluded from U.S. CPS/Small Ticket Interchange Reimbersement Fee Program
5411 Grocery Stores
5499 Convenice Stores
5541 Service Stations

Interlink Interchange Fee
Visa has announced changes in the pricing for Interlink debit transactions. The following summarizes these changes.

12 1203 Interlink Standard Debit 0.95% + $0.20
12 1222 Interlink Quasi Cash 2.30% + $0.10
12 1251 Interlink Supermarket ($0.35 Max) 0.95% + $0.20
12 1260 Interlink Petroleum ($0.95 Max) 0.75% + $0.17


Visa Debit Interchange Reimbursement Fees
Visa will adjust the following U.S. Visa Debit interchange reimbursement fees.

42 1260 Q CPS/Automated Fuel Dispenser ($0.95 Max) 0.75% + $0.17
42 1275 Q CPS/Supermarket – Debit ($0.35 Max) 0.95% + $0.20
42 1277 Q CPS/Retail – Debit 0.95% + $0.20

42 1284 Q CPS/Retail Service Station ($0.95 Max) 0.75% + $0.17

The charge-type definition list, PIN-Debit Rate Chart, and the VPS IC Chart will be loaded into:

Should you have further questions please contact Vision Payments’ Underwriting Department:   vpsAPPS@VisionPayments.com.

Receipt Truncation Update

In PCI Compliance & Data Security, Vision Payments Bulletin on February 19, 2010 at 3:19 am

10.02.19

NOTE: This bulletin is intended to remind business units that in addition to federal law, various state laws and association rules merchants are required to truncate the cardholder’s copy of the receipt. Currently, seven (7) states mandate that both the cardholder’s and merchant’s copy of the receipt be truncated. The recommended hardware/software replacements (upgrades) for merchants who operate in the impacted states are listed below.

It is the merchant’s responsibility to comply with applicable laws and regulations regarding truncation.  This bulletin is being distributed to advise business units on how best to assist merchants in so complying.

States Requiring Full (Cardholder and Merchant) Receipt Truncation: The following seven (7) states have passed legislation that requires merchants to truncate both cardholder and merchant receipts.

  • New Mexico – as of 01/01/2004
  • Colorado – as of 01/01/2006
  • Tennessee – as of 01/01/2007
  • California – as of 01/01/2009
  • Alaska – as of 07/01/2009
  • Nevada – as of 07/01/2009
  • Washington State – as of 07/26/2009

Additional states have legislation in progress which may be enacted in the near future which may require merchants to truncate both cardholder and merchant receipts.  Therefore, while it is the merchant’s responsibility to comply with such legislation, it is recommended that all new orders be filled with applications and hardware that support truncation of both cardholder and merchant receipts.

Under the current legislation in New Mexico, Colorado, Tennessee, California, Alaska, Nevada and Washington State, a merchant is required to truncate both the cardholder and merchant copy of the receipt by masking the card number and the expiration date as follows:

  • Card number truncation is defined as masking all but the last 4 digits of the card number by using * or X. (Example:  XXXXXXXXXXXX1234 or  ************1234)
  • Expiration date truncation is defined as masking the expiration date by using * or X. (Example:  XX/XX or **/**)

Although it is the merchant’s responsibility to comply with all applicable laws and regulations regarding truncation, if a merchant in New Mexico, Colorado, Tennessee, California, Alaska, Nevada or Washington state (or any future state which  may pass similar legislation) is using an application/version that is not listed above, Agents should assist the merchant in upgrading to new software and/or hardware. Migration recommendations for merchants who require a hardware and software upgrade are:



Application Default Settings:

Effective January 2009, all applications supporting full receipt truncation are shipping with full receipt truncation enabled (cardholder and merchant receipt truncation turned on).


Should you have further questions please contact:

Technical Support: vpsTECH@VisionPayments.com