Additional Substantiation Methods for HRAs and FSAs Expansion of Co-payment Match Amounts Automatic Substantiation: The notice permits automatic substantiation for transactions with health care providers or merchants that employ a merchant category code (these are codes that are tied to health care expenses).
Effective immediately, the Purchase Card Program Office is authorized to release the following transactional data at the installation, base, or activity level for non-classified card accounts: * merchant category code * transaction amount * merchant name * merchant city, state, zip, and phone * transaction date (releasable 90 days after date) The transaction date is not to be released until 90 days have passed from this date.
In April, at Visa's request, the American National Standards Institute established a separate Merchant Category Code for tracking transactions at property management companies.
Debit cards from other commuter benefits providers are often restricted by Merchant Category Codes (MCCs), general classification codes assigned to merchants for debit and credit card purchases, which do not indicate whether a merchant sells other merchandise in addition to fare media.
The Allow Card Prepaid MasterCard offers 35 parental controls and features including the ability to: --Enable or disable card usage --Enable or disable individual Merchant Category Codes --Set the amount of funds spent and/or number of transactions daily, weekly or monthly --View card account balances and transaction history --Direct deposit paychecks and view pay stub history Additional parental controls and features may be found at www.
Most of the time, there are good reasons for credit card declines at the point of sale: The cardholder's limit is exceeded, or the merchant category code is blocked.
With Smart Data Real-Time Account Manager, administrators and supervisors can optimize their card programs by utilizing the capability to: --View current cardholder account information --Modify account credit, velocity and per-transaction limits --Look-up and update credit, velocity and dollar limits related to a specific Merchant Category Code Group --Review and update cardholder demographic information --Check account status and cancel, suspend or reactivate accounts --View and export audit information "We're extremely pleased that Smart Data Real-Time Account Manager has been so well received by our issuers.
New features include: -- Tailored account coding to match the existing accounting practices -- New supplier chains that group several suppliers together for enhanced reporting -- Flexible spending hierarchies for customized groups of Merchant Category Codes and organization hierarchy management -- U.
