Maestro Global Rules (PDF) - MasterCard

Table of Contents
9.9.3 Noncompliance Assessments for Substandard Performance ................................... 9-25
9.10 Currency Conversion Rates ............................................................................................ 9-25
9.11 Gateway Processing—ATM Transactions Only............................................................... 9-25
9.11.1 Liability.................................................................................................................. 9-25
9.11.2 Authorized Gateway Services ................................................................................ 9-26
9.11.3 Error Resolution .................................................................................................... 9-26
9.11.4 Technical Requirements for Gateway Processing.................................................. 9-26
9.12 Floor Limit Guidelines (POS Transactions)..................................................................... 9-26
9.12.1 Magnetic Stripe/Chip Applicability ........................................................................ 9-26
9.12.2 Minimum Floor Limits ........................................................................................... 9-27
9.12.3 Equivalent Floor Limits.......................................................................................... 9-27
9.12.4 Floor Limit Changes .............................................................................................. 9-27
9.13 Ceiling Limit Guidelines (Maestro PayPass POS Transactions) ...................................... 9-28
9.14 Euro Conversion—Timing.............................................................................................. 9-37
9.15 Clearing and Presentments—Europe Region Only......................................................... 9-38
Compliance Zones ................................................................................................................. 9-38
Chapter 10 Settlement and Reconciliation......................................... 10-i
10.1 Definitions...................................................................................................................... 10-1
10.2 Settlement ...................................................................................................................... 10-1
10.2.1 Settlement Account................................................................................................ 10-2
10.2.2 Assessment for Late Settlement—Europe Region Only ......................................... 10-2
10.2.3 Settlement Currency—United States Region Only ................................................. 10-2
10.2.4 Settlement Finality ................................................................................................. 10-2
10.3 Reconciliation................................................................................................................. 10-2
10.4 Failure of a Principal Customer to Discharge a Settlement Obligation........................... 10-3
10.5 Collateral Collection through Settlement Accounts ........................................................ 10-4
10.6 System Liquidity ............................................................................................................. 10-4
10.7 Interchange and Service Fees......................................................................................... 10-5
10.8 Establishment of Intracountry Interchange and Service Fees ......................................... 10-5
10.8.1 Default Intracountry Fees ...................................................................................... 10-6
10.8.2 Intraregional Fees.................................................................................................. 10-7
10.8.3 Bilateral Agreement............................................................................................... 10-7
10.9 Cost Studies.................................................................................................................... 10-7
10.9.1 Allocation of Expenses .......................................................................................... 10-7
10.9.2 Noncompliance with a Cost Study ........................................................................ 10-7
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Maestro Global Rules • 9 November 2012 xi