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GLOBAL PAYMENTS DIRECT, INC. DBA OPENEDGE/TSYS MERCHANT SOLUTIONS
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GLOBAL PAYMENTS DIRECT, INC. DBA OPENEDGE/TSYS MERCHANT SOLUTIONS
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Last modified
1/14/2025 3:07:51 PM
Creation date
1/17/2023 11:46:12 AM
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Contracts
Company Name
GLOBAL PAYMENTS DIRECT, INC. DBA OPENEDGE/TSYS MERCHANT SOLUTIONS
Contract #
A-2022-251
Agency
Finance & Management Services
Council Approval Date
12/20/2022
Expiration Date
12/31/2025
Insurance Exp Date
4/1/2025
Destruction Year
2030
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DocuSign Envelope ID: 69E4955D-23F3-4407-84A7-E75FDC837DB9 <br />39.7. Merchant will also be assessed the following fees on or related to Visa transactions: the Visa <br />Misuse of Authorization System fee, which will be assessed on authorizations that are <br />approved but never settled with the Merchant's daily batch, the Visa Zero Floor Limit Fee, <br />which will be assessed on settled transactions that were not authorized, the Visa Zero Dollar <br />Verification fee, which will be assessed on transactions where Merchant requested an <br />address verification response without an authorization, the Visa Transaction Integrity fee, <br />which will be assessed on Visa signature debit and prepaid transactions that fail to meet <br />processing and transaction standards defined by Visa, and a monthly fee based on the <br />number of card present Merchant locations by Merchant taxpayer identification number and/or <br />all Visa volume processed by a Merchant's taxpayer identification number. Merchant will also <br />be assessed a Mastercard CVC2 Transaction fee and the Mastercard Misuse of Authorization <br />System fee, which will be assessed on authorizations that are approved but never settled with <br />the Merchant's daily batch or not properly reversed within 120 days, and an acceptance and <br />licensing fee that will be applied to the Merchant's total U.S. Mastercard sales volume. These <br />fees will be displayed as separate items on Merchant's monthly statement, provided that the <br />acceptance and licensing fee may be included with Merchant's Mastercard assessment fees, <br />and may include fees assessed by both the applicable card association and Memberor Global <br />Direct. <br />
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