High Value Merit I

High Value Merit I is the MasterCard Interchange Fee for a high value rewards card credit transaction.

Primary Qualifications:

• Card not present at time of authorization single electronic authorization transaction settled within 2 days of authorization Banknet reference number and Banknet date required in clearing transaction.
• Also non face-to-face and e-commerce transactions are exempt from the timeliness test.
• The sixth position of the approval code must be either an S” meaning participation in MasterCard High Value or “T” meaning participation in MasterCard High Value and MasterCard Product Graduation.