Acquiring

For each Merchant participating in the Acquirer’s Program, the Merchant’s name and address and a signed, unexpired Merchant Agreement

A Merchant’s location generally is an address at which the Merchant conducts the business

Submerchant may accept Cards only at locations that are within the Acquirer’s Area of Use

Transaction Message Data:Card Acceptor Business Code (MCC) Information,Card Acceptor Address Information,Submerchant Name Information,ATM Terminal Information,Transactions at Terminals with No Fixed Location,Transaction Currency Information

A Merchant may request but must not require a Cardholder to provide additional identification information as a condition of Card acceptance, unless such information is required to complete the Transaction, such as for shipping purposes, or the Standards specifically permit or require such information to be collected

A Merchant must not directly or indirectly require any Cardholder to pay a surcharge or any part of any Merchant discount or any contemporaneous finance charge in connection with a Transaction

A Merchant must not submit to its Acquirer a Transaction that the Merchant knows or should have known to be fraudulent or not authorized by the Cardholder

Issuing

Provide the Cardholder with the option to activate the Transaction alerts service 

In conjunction with Mastercard Card issuance, the Issuer must provide a personal identification number (PIN) or offer the Cardholder the option to receive or select a PIN for purposes of Account access at ATM Terminals. PIN verification may also be supported for Chip Transactions. 

A Customer may authorize or decline individual Transactions based on:

1. The amount of funds or credit available;

2. Fraud or credit risks presented by individual Cardholder usage patterns;

3. Cash access restrictions to manage a secured or high risk account;

4. Cardholder-designated restrictions on use; or

5. Any other restriction on use the Corporation may permit.

A proprietary account number may have one or more of the following characteristics:

1. The proprietary account number is different from the primary account number (PAN) associated with the Mastercard Account. The proprietary account number may appear on the Card face, be encoded on the Card, or be cross-referenced in the Customer or a Partner’s system.

2. The proprietary account number is used in a system or network for authorization and settlement that is distinct from the Interchange System and is not used in the Interchange System.

3. Any billing related to use of the proprietary account number is distinct from any billing for the Mastercard Account, whether as part of a common statement or in a separate statement

A proprietary account, as exclusively defined by the Corporation, may be present on a Mastercard Card for the following functionalities:

1. Campus cards

2. Door access devices

3. Loyalty applications

4. Cardholder reference numbers

5. Electronic coupons

6. Medical information

7. Paperless ticketing

8. Previously approved Programs so long as properties and purpose of program does not change. The Corporation reserves the right to impose changes or revoke these approvals at any time.

9. Any functionality otherwise expressly approved in writing by the Corporation.

A Virtual Account is a Mastercard Account issued without a physical Card or Access Device. A Virtual Account cannot be electronically read.

1. A Virtual Account must be assigned a 16-digit primary account number (PAN) in conformance with the Standards applicable to Mastercard Cards, and must be assigned a Card Validation Code 2 (CVC 2) value and an expiration date.

2. A reference device may be used to communicate this information, but must not be designed in a manner that may cause consumer or acceptance confusion with a Card (such as the inclusion of artwork that would resemble a magnetic stripe, EMV chip, or Mastercard hologram product). For reference device design Standards, refer to the 

Card Design Standards manual.

3. A Virtual Account must be enhanced with Address Verification Service (AVS) when the Account is issued for use in an area where AVS is available.

4. Partial approval authorization service must be supported for all prepaid and Debit Mastercard (including prepaid) Virtual Account ranges.

5. Before activating a Virtual Account, the Issuer must communicate to the Cardholder the PAN and the expiration date of the Account, the identity of the Issuer, and instructions as to the manner in which the Virtual Account may be used

Service Providers 

Settlement and Related Obligations

As used in the Rules set forth in this section, the following terms have the meanings

described:

1. “Interchange fee” means an amount paid by the Acquirer to the Issuer with respect to the

interchange of a Transaction conducted by a Merchant or a Merchandise Transaction

conducted at an ATM Terminal. All references to interchange fees in this section mean

both the levels of the fees and all qualifying criteria and conditions for their applicability.

2. “Intracountry issuing Volume” means the issuing Volume resulting from Intracountry

Transactions.

3. “Intracountry acquiring Volume” means the acquiring Volume resulting from Intracountry

Transactions.

4. “Service fee” means an amount paid by the Issuer to the Acquirer with respect to the

interchange of a Manual Cash Disbursement Transaction or ATM Transaction. All

references to service fees in this section mean both the levels of the fees and all qualifying

criteria and conditions for their applicability