Effective May Visa Term Definition Registration Requirements Forms Initial Registration Annual Renewal An organization or individual, which is not a Member, whose *Enhanced /Service Provider bankcard-related business relationship with a Member Forms involves any of the following: * Merchant solicitation, sales, or services * Merchant Transaction processing solicitation * Cardholder solicitation or Card application processing services * Provides solicitation materials, information on discount rates, Merchant application forms or data capture equipment Due - Credit Review $5,000 $5,000 - Full Due Member Bank Penalties for Non-Registration Sign-off Required Independent Contractor- An individual (1099 employee of either a Member or an ) Independent Contractor has been eliminated by Visa as of May, 2005 N/A N/A N/A N/A N/A N/A N/A Sub-Contractor - not permitted per Visa Subcontracting occurs as in the following example: A 1099 or W2 employee of a registered which submits applications through a different registered to facilitate acceptance of "hard to place" Merchants. Sub-Contracting is not permitted per Visa employees must either be (i) W2 employees of the registered or (ii) registered 1099 employees of the registered or Visa Member and solicit only under the registered name. s can only accept Merchant applications from their W2 employees or Visa registered 1099 employees. N/A N/A N/A N/A N/A N/A Sub-Independent Sales Organization ()-selling under the name of primary An organization or individual, which is not a Member, whose bankcard related business relationship with a Member is *Merchant solicitation, sales or service and/or *Cardholder solicitation. **Sub may not use its name in the Sales process. They must sell only under the registered name. N/A N/A $5,000 - for the Primary only - not for the Sub- $5000 - for the Primary only - not for the Sub- N/A N/A First Violation - $10,000
Effective May Sub-Independent Sales Organization ()-selling under their own name An organization or individual, which is not a Member, whose bankcard related business relationship with a Member is *Merchant solicitation, sales or service and/or *Cardholder solicitation. *Enhanced /Service Provider Forms $5,000 $5,000 -Full Due
Effective May Third-Party Servicer (TPS) An organization that: * Has a Direct contractual relationship with the Member * Is not a Member of Visa USA & is not directly connected to VisaNet * Examples include but are not limited to: Gateways from a Merchant to a Processor Provider of Back Office Support Supporting loyalty programs Electronic Data Capture Fraud servicing, monitoring or scrubbing Credit Underwriting (issuing) Collections Voice authorization and routing Call referral processing/telemarketing Clearing file preparations and submissions Settlement processing Cardholder and merchant statement preparation Chargeback processing Merchant help desk support Loading software into terminals accepting cards Loading or injecting encryption keys into terminals or PIN pads *Enhanced /Service Provider Forms -Full Due Merchant Servicer (MS) An organization that: * Has a Direct contractual relationship with the Merchant * Is not a Member of Visa USA Is not directly connected to VisaNet * Provides response processing for Visa Members related to program solicitations, transaction processing, data capture, and/or other administrative functions, such as chargeback processing, risk/security reporting, and customer service. See Third-Party Servicer (above) for additional examples *Enhanced /Service Provider Forms -Full Due
Effective May Encryption and Support Organization (ESO) An organization that is not a Member, whose debit business relationship involves any of the following activities: * Loading software into an ATM or terminal that accepts cards * Loading or injecting encryption keys into an ATM or terminal/pin Pad *Providing help-desk support that includes re-programming of ATM/terminal software * Generating, storing, or loading/injecting cryptographic keys into PIN Pads or ATMS * Distributing new DES keys or destroying old DES keys * Decommission or commissioning PIN-entry devices * Providing general key custodial support services *Enhanced /Service Provider *Must be PCI PIN compliant - providing a current TG-3 and Visa PIN Security Audit Forms member, effective -Full Due VisaNet Processor Referral Effective June 6, 2007, a Member, or Visa approved nonmember who is directly connected to VisaNet, that provides Authorization, Clearing, or Settlement services for Merchants and/or Members. Visa Guide: A referral occurs when an individual or organization recommends that a Merchant consider processing credit transactions through a specific Visa Member. The individual or organization may provide (i) general information regarding credit card processing and (ii) the Visa Member's phone number for further information. The referring entity may not quote rate, fees, terms and conditions. A referral can only be made by an individual whose primary function is not merchant solicitation. Individuals who refer merchants to a particular Visa Member to obtain credit card processing are not required to register in the Agent Registration Program.
Effective May MasterCard Term Definition Registration Requirements Forms Initial Registration Annual Renewal An is any MSP that provides Program Services, other * MSP application - thru MC than transaction and cardholder processing, to a MasterCard Connect.MRP, executed Forms member in furtherance of the member's Program. * By way of example and not limitation, such services include merchant solicitation, cardholder solicitation, and customer service Due - Credit Review $5,000 $5,000, Full Due Member Sign-off Required Penalties for Violation Independent Contractor- MasterCard does not acknowledge as a MSP N/A N/A N/A N/A N/A N/A N/A N/A Sub Contractor - not N/A N/A N/A N/A N/A N/A N/A N/A permitted by MasterCard Sub-Independent Sales Organization ()-selling under the name of primary An organization or individual, which is not a Member, whose bankcard related business relationship with a Member is: * Merchant solicitation, sales or service and/or * Cardholder solicitation. **Sub may not use its name in the Sales process. They must sell only under the registered name. N/A N/A N/A N/A N/A N/A Sub Independent Sales Organization ()-Selling under their own name An is any MSP that provides Program Services, other than transaction and cardholder processing, to a MasterCard member in furtherance of the member's Program. * By way of example and not limitation, such services include merchant solicitation, cardholder solicitation, and customer service * MSP application - thru MC, executed Forms $5,000 $5,000, Full Due Type II Third-Party Processor (TPP) A TPP is an MSP that performs transaction and cardholder processing services for one or more members (such services are referred to as "TPP" Services) and is contracted by the Member. * Program Services include, but are not limited to, terminal operation, authorization routing, voice authorization, gatway and switching services, call referral processing, electronic data capture, clearing file preparation and submission, settlement processing (excluding possession,ownership,or control of settlement funds, which are prohibited), cardholder and merchant statement preparation, and chargeback processing * MSP application - thru MC, executed Forms $5,000 per Member $5,000 per Member, Full Due
Effective May Type I Third Party Processor (TPP) A TPP is defined as a Member Service Provider (MSP) that performs transaction and cardholder processing Program Services. * Type I TPPs generally are those that provide Program Service to a large number of Members or that otherwise could significantly impact the integrity of the Interchange. *A Type I TPP classification is based on, but not limited to, the annual number of authorized credit and debit transactions processed by the TPP. *MasterCard, in its sole discretion, will determine which TPPs to classify as Type I TPPs. * MSP application - thru MC, executed *A third-party risk assessment every two years. Personal identification number (PIN) security review annually and as determined necessary by MasterCard MSP risk operations review (a Risk Assessment Program [RAMP] Level 1 review or an onsite review as determined by MasterCard) annually Forms $50,000 $50,000 N/A N/A After MasterCard identifies a processor as a Type I TPP and notifies such processor accordingly, MasterCard will grant the processor 90 days from the notification date to provide documentation required under the Type I TPP Evaluation Program rules. Failure to provide the required documentation to MasterCard within 90 days of the notification date will result in a noncompliance assessment of USD 25,000 each month until such documentation is received. Otherwise, MasterCard will reclassify the processor as a Type II TPP. Data Storage Entity (DSE) A DSE is defined as an entity other than a member, merchant,, or TPP that stores, transmits, or processes card or transaction data for or on behalf of a merchant,, or TPP. *Must be PCI compliant *Registration required Forms N/A N/A, Full Due Encryption and Support Organization (ESO) An ESO is categorized and registered as a DSE ONLY if the entity is loading/injecting cryptographic keys. If the entity is performing any additional functions, then they would be categorized as an and/or TPP and follow their respective registration requirements as outlined. *Must be PCI compliant *Registration required - based on functions being performed Forms DSE - N/A DSE - N/A, Full Due