Visa & MasterCard both announced changes for October 2008, with B2B companies again likely to feel the biggest negative impact.
Interchange Rate Changes
Corporate Card Level II Data Rate + 0.05%
Business Card Level II Data Rate + 0.05%
Purchasing Card Level II Data Rate + 0.05%
Commercial Card Retail – Corporate – 0.10%
Commercial Card Retail – Purchasing + 0.10%
Purchasing Card – Card Not Present + 0.15%
Purchasing Card Electronic +0.20%
Corporate Card Electronic + 0.05%
Corporate Card Standard + 0.25%
See more about Fall 2008 interchange updates here.