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MasterCard/Visa Remove Reciprocity standard

Thanks to a fellow reader for pointing this out!  It appears that MasterCard and Visa (sorta) have removed the reciprocity statements from their level definitions.  Discover still has the reciprocity statement on their levels, American Express and JCB never used reciprocity for their level definitions (to my best recollection). Several industry insiders have been told that it was never the intent of MasterCard to force a merchant that accepts a single JCB card to go through an on-site assessment if they did not meet the MasterCard threshold.  Now it appears that this is the case as the official merchant level definitions reflect exactly this. Unfortunately, the road does not end there.  In fact, it starts forking like crazy. Now that ...

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