CPS/Small Ticket Debit is the Visa Interchange rate for a base card type card present and signature small ticket (less than $15.00) debit transaction. Unregulated debit transactions on cards issued by banks with under $10 billion in assets (small banks, credit unions, etc.) will clear at this interchange rate. These transactions are exempt from the Durbin Amendment.
1.55% + $0.04 April 2012
1.60% + $0.05 October 2011
1.55% + $0.04 April 2011
Non-excluded Sic Codes expanded effective October 2010, to include most merchants except direct marketing, grocery stores, service stations, convenience stores, and financial tractions.
Cardholder and card present, signature obtained, single electronic authorization, read & transmit complete magnetic stripe
Transaction settled within 1 day of authorization, authorization response data included in settled transaction.