REPORTING HUB FOR MERCHANTS OF SIGNATURE CARD SERVICES
We have some great news! Qualified, existing merchants that are currently enrolled in the
standard American Express program are now eligible for the AMEX OptBlue Program on TSYS
through Merrick Bank. AMEX Opt Blue solves various issues that the regular AMEX
acceptance program has, primarily its high fees. The program that is designed specifically
for small businesses makes the cost of processing an AMEX transaction in line with that of
a MasterCard or Visa transaction. It also simplifies reconciliation and account management
by providing one statement and one deposit for all American Express, Visa, Mastercard, and
Discover networks. With AMEX OptBlue, Signature becomes your single point of contact for
customer service and all card brand inquiries. In order to enjoy all the benefits the program
has to offer, you must enroll by September 1st, 2017.
If you process any American Express Card transactions on or after September 1st, 2017, it will constitute your agreement to all the terms and conditions attached to this bulletin. However, if you are interested in opting out from accepting American Express, please click here or contact our Customer Service Team at 800.631.3072 or email them at firstname.lastname@example.org.We are happy to address any questions or concerns you may have regarding AMEX Opt Blue.
Terms and Conditions
Remaining compliant with major card network rules is necessary to avoid violations and hefty
fines. In order to better serve you, we have teamed up with G2 Web Services to implement Persistent
Merchant Monitoring, which identifies content compliance issues and risk. The program is designed
to regularly monitor your websites to uncover any content compliance violations, minimize financial
losses, and provide you safe harbor from compliance assessments. Effective august 1st, 2017, a fee
will be assessed based on your account type.
We encourage you to contact our Customer Service Team regarding any questions or concerns you may have by emailing email@example.com or calling 800.631.3072.
To protect you from financial and reputational risk that data security
compromises pose to you, we are reminding you about our insurance program
that covers merchants for breach protection. This insurance program provides
your business with protection against both suspected and actual breaches with
no deductible covering Visa, MasterCard,Discover card brands, required audits,
fines, and other expenses associated with a breach. Merchants who maintain PCI
compliance will be covered at no additional cost. However, merchants who remain
non-compliant will be assessed a $25.00 fee per month for each merchant account.
If you have not yet completed the steps to reach pci compliance, please start today. Sign on to our preferred PCI vendor control scan's website using the credentials that were previously provided to you. If you have any questions regarding your PCI compliance, contact our customer support at 800-631-3072, or email firstname.lastname@example.org.
Effective May 1, 2017, the NYCE Payments Network announced the merchant location participation fee will be increased from $10.00 to $12.00 annually per participating merchant location. As a courtesy, and to reduce the cost impact to our merchants, signature card services debits the NYCE merchant.