CPS/Restaurant Prepaid

CPS/Restaurant Prepaid is the Visa Interchange Rate for a card present prepaid card transaction at a restaurant merchant location.

Change History: Introduced October 2011

Primary Qualifications:

• 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.
• Sic code is 5812 (Restaurant) or 5814 (Fast Food Restaurant).