The Freight Program applies to commercial industry verticals and enables participating entities to make payments linked to the distribution of freight utilizing virtual Mastercard account numbers. The virtual Mastercard account number can be used to settle freight transactions from anywhere in the world, at any point in time.
The Mastercard Enterprise Solutions (MES) interchange rates provide differentiated operating guidelines to help participants compete more effectively in the payments market and to increase merchant acceptance for payments currently captured by cheque and other forms of payment.
MES Freight Program interchange rates apply to freight transactions that are acquired anywhere in the world and that are initiated with virtual Mastercard account numbers issued anywhere in the world.
To qualify for this program, freight transactions must meet the following qualifying criteria:
Freight transactions between shippers, freight forwarders, consignees, freight handling agents, customs brokers and other suppliers in the freight ecosystem
Transacted using a virtual Mastercard account number
Limited to the card acceptor business codes (MCCs) within the freight industry listed below
Must not be applied to domestic arrangements in markets that have regulated interchange or are targeted at such markets
Business (CAB) Program: CF01 – Commercial Freight
Card Acceptor Business Code (MCC) and Description
MCCs 3000–3350 – Airlines, Air Carriers
MCC 4011 – Railroads, Freight
MCC 4214 – Motor Freight Carriers, Trucking – Long Distance, Moving and Storage Companies, Local Delivery
MCC 4215 – Courier Services – Air and Ground, Freight Forwarders
MCC 4511 – Air Carriers, Airlines – Not Elsewhere Classified
MCC 4789 – Transportation Services – Not Elsewhere Classified
MCC 4112 – Passenger Railways
MCC 4111 – Transportation – Suburban and Local Commuter Passenger, Including Ferries
MCC 7299 – Other Services Not Elsewhere Classified
MCC 9311 – Tax Payments
MCC 9402 – Postal Services – Government Only
MCC 9399 – Government Services Not Elsewhere Classified
Transactions must meet the above requirements to qualify for this interchange program.