Visa and MasterCard issue their interchange rates twice a year. Bank of America distributes these rates and highlights any changes. To learn more about interchange fees and card mix analysis please contact pci_compliance@harvard.edu
Make sure you are familiar with Credit Card association rules and Merchant Agreement (HCCMA), and security and risks associated with accepting credit cards. A new credit card merchant account should not be requested without a full understanding of the responsibilities and alternatives.
Harvard security policies on working with credit cards can be found on the Harvard Information Security website. Also, make sure to review the Payment Card Industry (PCI) data security standards to which all credit card transactions must comply.
Credit card data is high risk confidential information that is protected by state and federal law and Harvard has a legal obligation to protect it. If you are...