Novus Credit Card Processing Easy Payment Transactions

Sales of $25 or less represent a substantial ratio of all customer spending. The Novus credit card processing Easy Payment Service (EPS) assists in delivering a greater efficiency and convenience to both retailers and consumers.

The EPS program gives face-to-face retailers the opportunity to take credit cards issued in any given country for sales without asking for a cardholder signature or PIN and not even issuing a transaction receipt unless explicitly requested by the consumer. This program can potentially increase the speed at the point-of-sale, improve customer satisfaction and provide operating efficiencies for the Novus credit card processing account user. It can build customer loyalty by assisting cardholders use their bank cards securely, quickly and easily.

Novus Credit Card Processing EPS Requirements

Sales qualify for the EPS program if they adhere to the following criteria:

• Value is lower than or equal to the specific country's transaction limit.
• Face-to-face setting.
• Authorized.
• Applies to all Merchant Category Codes (MCCs), with the exclusion of those specifically listed by the Associations.
• The POS terminal must read and transmit the entire magnetic stripe data, unaltered chip-and-PIN data, or unaltered contactless
  data.

EPS Qualifications

The following types of transactions do not qualify for the EPS program:

• Fallback transactions.
• Card funding transactions.
• Cash-back payments.
• Manual cash disbursement items.
• Quasi-cash items.
• Prepaid loads.
• Payments where Dynamic Currency Conversion is used.

The following MCC codes are excluded from the Novus credit card processing Easy Payment Service Program:

• 4829 - Wire Transfer Money Orders.
• 5542 - Automated Fuel Dispensers.
• 5960 - Insurance Services.
• 5962 - Travel Related Arrangement Services.
• 5964 - Catalog Merchants.
• 5965 - Combination Catalog and Retail Merchants.
• 5966 - Outbound Telemarketing Merchants.
• 5967 - Inbound Telemarketing Merchants.
• 5968 - Continuity/Subscription Merchants.
• 5969 - Direct Marketers (Not elsewhere classified).
• 6010 - Financial Institutions - Manual Cash Disbursements.
• 6011 - Financial Institutions - Automated Cash Disbursements.
• 7995 - Betting, including Lottery Tickets, Casino Gaming Chips, Off-Track Betting, and Wagers at Race Tracks.
• 9405 - Intra-Government Purchases (Government only).
• 9700 - International Automated Referral Service (Visa use only).
• 9701 - Visa Credential Server (Visa use only).
• 9702 - GCAS Emergency Services (Visa use only).
• 9751 - UK Supermarkets - Electronic Hot File (Region use only).
• 9752 - UK Petrol Stations - Electronic Hot File (Region use only).
• 9950 - Intra-Company Purchases.