CPS Passenger Transport Prepaid
CPS Passenger Transport Prepaid is the Visa Interchange Rate for prepaid card transaction accepted at a Passenger Transport merchant location.
Interchange fee: 1.75% + $0.20
- Introduced October 2011
- can be full magnetic stripe read or key-entered.
- Transaction settled within 7 days of authorization, authorization response data included in settled transaction.
- Transactions must include address verification request, ticket number and passenger itinerary information.