Maestro Global Rules (PDF) - MasterCard

Issuing
6.11 MasterCard MoneySend Payment Transaction
4. Cardholder-designated restrictions on use; or
5. Any other restriction on use the Corporation may permit.
NOTE
Additional regional Rules on this topic appears in Chapter 16, “Canada Region,”
Chapter 17, “Europe Region,” Chapter 18, “Latin America and the Caribbean
Region,” and Chapter 20, “United States Region,” of this rulebook.
6.11 MasterCard MoneySend Payment Transaction
A MasterCard® MoneySend Payment Transaction is a transfer of funds to
an Account via the MasterCard MoneySend platform through the Interchange
System.
NOTE
Regional Rules on this topic appear in Chapter 17, “Europe Region,” of this
rulebook.
6.11.1 MasterCard MoneySend Payment Transaction
Requirements
Only Issuers that are approved and registered by the Corporation to receive
MasterCard MoneySend Payment Transactions may do so.
Issuers must make either the PAN or a pseudo PAN available to all Cardholders.
If the Issuer provides the Cardholder with a pseudo PAN, the Issuer must be
able to identify the pseudo PAN with the Cardholder’s actual PAN.
A participating Issuer must not decline a MasterCard MoneySend Payment
Transaction based solely on the Transaction type and/or the Acquirer originating
the Transaction.
The Issuer must identify each MasterCard MoneySend Payment Transaction
on the Cardholder’s periodic billing statement, including the amount of the
MasterCard MoneySend Payment Transaction, the date of posting to the Account
and the name of the sender.
The Issuer receiving a MasterCard MoneySend Payment Transaction
authorization request may:
1. approve or reject any requests by the Acquirer to correct a clerical error;
and/or
2. establish its own maximum MasterCard MoneySend Payment Transaction
amount.
The Issuer must make the transferred funds available to the recipient without
unnecessary delay. If funds will not be available immediately upon approval of
the financial authorization request, the Issuer must inform the recipient when
the funds will become available.
©1993–2012 MasterCard. Proprietary. All rights reserved.
6-20 9 November 2012 • Maestro Global Rules