New Interchange Descriptor for Visa Consumer Signature Cards for T&E Merchants

 

 

Effective August 2017, Travel & Entertainment (T&E) merchants will see a new interchange descriptor for Consumer Signature cards.  Previously identified as EIRF (Electronic Interchange Reimbursement Fee), these cards will now be identified with the interchange descriptor of VS Signature Electronic.

This descriptor change will help to clearly identify Consumer Signature Card transactions for T&E merchants in the impacted list of MCCs below.  There is no financial impact associated with this change.

Current Descriptor

Descriptor August 2017

VS EIRF

2.30% + $0.10

VS Signature Electronic

2.30% + $0.10

 

Impacted MCCs:

  • 3000-3999 – Airlines/Car Rental Companies/Hotels
  • 4112 – Passenger Railways
  • 4411 – Steamship and Cruise Lines
  • 4511 – Airlines and Air Carriers
  • 4722 – Travel Agencies and Tour Operators
  • 5812 – Restaurants
  • 5814 – Fast Food Restaurants
  • 7011 – Lodging – Hotels, Motels & Resorts
  • 7512 – Car Rental Agency

 

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