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The Internal Revenue Service has revised the form 1099K that merchant acquirers must use when reporting merchant card transactions, beginning in January 2012. The new form includes a box for each merchant's IRS merchant category code (MCC). The newly required code is an IRS code and is not the MCC codes used by card companies to classify merchants. A copy of the new form and a list of IRS MCCs can be found at: Form 1099K MCC List |
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PULSE Network Releases New Debit, ATM Transaction Pricing |
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PULSE announced new network pricing to its participants this morning.
Following is a brief statement from the network to all affected ETA members:
"PULSE announced revisions to its network pricing on August 30, 2011. The
revisions include changes to PIN Debit and ATM pricing. All changes take
effect on the settlement day of October 1, 2011. For more information,For
more information, contact your PULSE account manager or call the PULSE
office at 800-410-2122."
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