Effective February 1, 2019, the Regions Revenue Sharing Schedule for Commercial Cards is being modified. For full details, view the Regions Revenue Sharing Schedule for Commercial Cards Amendment. For additional information, see the below questions and answers.

Why is Regions revising the Revenue Sharing Schedule for Commercial Card and what types of changes will be made?
Following a thorough review of the industry, we have decided to modify our schedule to align revenue sharing rates more closely to the rates at which interchange revenue is earned. With these changes, we will:

• Reclassify client spend
• Refine revenue sharing calculations

Will this upcoming change impact any revenue that has been earned for 2018?
These changes only impact the Revenue Share Schedule; the terms of your Commercial Card Agreement will remain in effect. Additionally, new classifications and eligibility changes will not apply to any earned revenue from this year and, if eligible, you will receive your 2018 rebate payments before the end of March 2019.

What are the various levels of spend classifications?

• Standard Purchases: refer to purchases processed for merchants that includes standard commercial transaction data that includes, but is not limited to, the total purchase amount, the date of purchase, the merchant category code, merchant’s name, city/state, debit/credit indicator, date charge/credit was processed, processing/transaction reference number for each charge/credit and other data elements as determined by Visa.
• Level II Purchases: refer to purchases processed for merchants that qualify for a reduced interchange rate because the purchase contains enhanced data elements as determined by Visa.  
• Level III Purchases: refer to purchases processed for merchants that qualify for a reduced interchange rate because the purchase contains additional enhanced data elements as determined by Visa (effective February 1, 2019, these purchases will earn a revenue share at 50 bps.).
• Visa Preferred Partner Purchases (VPP): refer to purchases processed for merchants that qualify for a reduced interchange rate because the merchant participates in a special program operated by Visa, which allows participating merchants to negotiate the amount they pay for processing certain transactions (effective February 1, 2019, these purchases will not be eligible for revenue share unless otherwise defined in your contract).
• Large Ticket Purchases: refer to purchases processed for merchants that qualify for a reduced interchange rate because the merchant participates in a special program operated by Visa, which allows participating merchants to reduce the amount they pay for processing certain larger transactions with certain enhanced data.

Can I opt out of the changes, if so, how?
You have the right to refuse these changes by closing your account to new transactions. If you close your account, you have the right to pay off your account balance under the current terms of the Commercial Card Agreement. You must call your Regions Relationship Manager or Treasury Management Officer by Thursday, January 31, 2019, to close your account.

Who do I contact if I have questions?