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11.07.12

Small ticket Program update


Starting on November Visa, Mastercard, and American Expres will update their transaction amount for the small ticket program.
  • Visa will raise the maximum transaction amount from $25 to $50 for the Easy Payment Service program for supermarkets (MCC 5411) and discount stores (MCC 5310). This means that these merchants won't have to obtain a signature (or PIN) or provide a receipt (unless requested) for swiped transactions up to $50. 
  • MasterCard will raise the maximum transaction amount from $25 to $50 for the Quick Payment Service (QPS) program for all merchant categories that are currently eligible for QPS.
  • American Express will increase the maximum transaction amount from $25 to $50 for the No Signature Required program, 
  • effective October 31