Region: US
19 May 2023
Merchants that are certified by the Special Interest Group for IIAS Standards (SIGIS) to accept flexible spending account (FSA) cards are responsible for ensuring that Inventory Information Approval System (IIAS) details are included in the transactions for all supported entry modes. Acquirers and merchants should be using test scripts provided by Visa to test the various POS entry modes for IIAS/Auto-Substantiation services.
Any new POS entry mode, such as EMV contact chip or contactless chip, enabled for a merchant is expected to be functional for any Visa card that is set up to use that specific entry mode, including EMV-enabled FSAs.
As a reminder, SIGIS-certified merchants, or their partners such as a gateway, value-added reseller, POS vendor or other third party , are expected to ensure that any specific services a merchant supports, such as IIAS, should work for all entry modes the merchant is enabled or certified for. By ensuring SIGIS-certified merchants are able to support IIAS for all merchant-supported entry modes, merchants can help reduce declines due to missing IIAS details and improve the cardholder experience.
Regions: US, Canada, AP, CEMEA, EU, LAC
9 May 2023
Effective 1 May 2023, Visa will begin monitoring merchant-provided qualification data for the Dispute Condition 10.4: Other Fraud—Card-Absent Environment remedy rule to identify acquirers and merchants that provide invalid or falsified qualification data.
Regions: US, Canada, AP, CEMEA, EU, LAC
26 Apr 2023
On Thursday, May 18 at 9am PT, Visa will hold a Compelling Evidence 3.0 webinar hosted by Denise Gibbons (Head of Merchant Client Relations, Verifi) and Bibek Das (Product Director, Verifi). The webinar will discuss consumer trends, network-level dispute performance, and new strategies to combat first-party misuse.
The session will also cover how merchants can leverage the Compelling Evidence (CE) rule change in both the pre-dispute path (deflecting the dispute prior to formal processing) and post-dispute path (providing the qualified CE3.0 data in pre-arbitration) for Visa transactions. A merchant will share details about how they manage their post-purchase experience internally and for their customers. Registration is required; attendees should register here for this event.
Regions: US, Canada
24 Apr 2023
On April 15, the Compelling Evidence 3.0 (CE 3.0) rule change went into effect, helping to fight friendly fraud in Card-Not-Present transactions. To promote this exciting new development, Visa partnered with PYMNTS.com on an article discussing the current dispute landscape, how Compelling Evidence 3.0 can help fight friendly fraud, and how the whole payments ecosystem can come together to reduce fraud. The article features an interview with Mike Lemberger, Head of NA Risk, and is an exciting example of how Visa executives promote the CE 3.0 rule change.
Regions: US, Canada, AP, CEMEA, EU, LAC
14 Apr 2023
Visa Rules include many requirements to ensure that merchants conduct Dynamic Currency Conversion (DCC) in a transparent manner that does not confuse cardholders. Visa is reminding that merchants may be audited at Visa’s discretion to confirm compliance with the DCC requirements and ensure a good cardholder experience. DCC audits are conducted in all channels, including in-store POS locations, ATM, and at card-absent merchants. These audits determine if transactions are compliant with disclosure, active choice, transaction receipt and other Visa requirements. Merchants should work with their acquirers to ensure that they are meeting compliance requirements.
Regions: US, Canada, LAC
6 April 2023
On April 25th, 2023, Visa will host a webinar detailing the post-dispute Compelling Evidence 3.0 pre-arbitration process for merchants and acquirers. In this webinar, Visa will review the process flow whereby merchants plan to supply qualified data through their acquirer for Compelling Evidence 3.0 packages to combat suspected first-party misuse on Visa 10.4 disputes. Register for Visa CE3.0: Post-Dispute Pre-Arbitration Process Flow.
Regions: US, Canada, AP, CEMEA, EU, LAC
6 April 2023
Visa is reminding clients that its authorization framework will be expanded effective 15 April 2023 to allow merchants to use estimated and incremental authorizations for purchases where the final transaction amount is not known up front. Certain transaction types will be excluded, including account funding transactions (including cryptocurrency purchases), advance payment transactions, ATM cash disbursement transactions, installment transactions, manual and quasi-cash transactions and recurring payment transactions. For more information on the expanded authorization framework, merchants should contact their acquirers.
Regions: US, Canada, AP, CEMEA, EU, LAC
6 April 2023
Verification of a cardholder’s name provides merchants with an additional security check during card onboarding and pre-transaction checks. Performing a name verification in advance of a transaction can help reduce exposure to fraud and scams in subsequent transactions of any kind, in particular in pull and push transactions (AFTs/OCTs) where fraud and scams have been on the rise globally.
If a merchant’s acquirer has enabled Account Name Inquiry, the merchant or originator will be able to perform name checks starting from October 2023, for cards issued in the US, Canada and the UK. Merchant’s wishing to take advantage of the many benefits that name checking can bring should contact their acquirer for guidance on enabling the feature.
Region: US
24 March 2023
As previously announced, Visa will implement a fee for Point of Sale Entry Mode 91 (POSEM 91) transactions. Fees for all retail merchant category codes (MCCs) are effective April 1, 2023 with the exception of MCC 5541 (Service Station) and 5542 (Automated Fuel Dispensers) which will be effective January 1, 2024.
Regions: US, Canada, AP, CEMEA, EU, LAC
6 March 2023
Visa is reminding all payment ecosystem entities that they should employ strict monitoring of all network traffic and firewall traffic that may facilitate payment data or other processes, and that payment data should only traverse approved systems or protocols. Visa is reinforcing the recently published Payment Card Industry Data Security Standard (PCI DSS) v4.0 to ensure that all payment participants are implementing security controls against potential vulnerabilities, weaknesses and threat vectors that can be exploited by cyber threats. Visa is committed to ensuring card data security as the landscape evolves and new innovations are brought to market.
The PCI DSS is an industry standard that provides a baseline of technical and operational requirements designed to protect payment card account data. An entity must be compliant with all PCI DSS requirements to protect Visa cardholder data. Any PCI DSS requirements that are not in place can cause or contribute to an entity losing payment data through unauthorized access. Published in March 2022, PCI DSS v4.0 addresses emerging threats and technologies and enables innovative methods to combat these new threats. Adherence to PCI DSS v4.0 helps ensure an entity promotes data security as a continuous process and protects their payment card environment from evolving threats. For more information, refer to the resources below.
Additional resources:
Regions: US, Canada, LAC
6 March 2023
Visa has updated its dispute processing rules with an initiative known as Compelling Evidence 3.0, which will come into effect on 15 April 2023. To help the industry prepare for the updated Compelling Evidence rules and processes, Visa hosted a Compelling Evidence 301 webinar on February 14th. Register here to access the recording of that session.
If you were not able to attend the last session, Visa is re-running the webinar on March 14th, 2023 detailing the rule updates and how the industry can benefit from reducing first-party misuse. Registration is required; attendees should register here for this event.
Regions: US, Canada, AP, CEMEA, LAC, EUROPE
28 February 2023
Visa chose to hold reassignment of eight-digit BINs returned prior to April 2022 for at least a year following the adoption of the new eight-digit BIN standard. This was to give the ecosystem time to carry out any remaining system development needed to support this global industry change.
Visa is reminding payments ecosystem participants that they may begin seeing eight-digit BINs with the same six-digit prefix across different issuers and product lines as early as April 2023. Entities currently only reading to the sixth digit on BIN tables to make authorization and other decisions will need to update their systems by April 2023 to read out to the eighth digit, at a minimum, to prevent potential impact.
Regions: US, Canada, AP, CEMEA, EU, LAC
15 February 2023
Visa is reminding clients that disputes for crypto purchases should be handled in the same manner as all other disputes. Properly processed account funding transactions (AFTs) and quasi-cash transactions have limited dispute rights. All disputes must comply with the applicable rules in Section 11—Dispute Resolution of the Visa Core Rules and Visa Product and Services Rules. Dispute rights are based on the nature of the claim and the processing codes which are used in the transaction. Visa expects its clients to act in good faith and make every effort to be flexible when resolving disputed transactions involving cardholders and merchants. The Visa Rules require that cardholders work directly with the merchant to resolve their issue ahead of initiating a dispute with their issuer.
Regions: US, Canada, LAC
1 February 2023
To help clients prepare for the updated Compelling Evidence (CE) rules and processes that will come into effect on April 15, 2023, Visa and Verifi will be hosting the Compelling Evidence 301 webinar on February 14 and the dispute mitigation strategies webinar on March 1.
The CE 301 webinar is a continuation of the introductory Compelling Evidence 101 and 201 webinars and will be more technical and integration-focused, clarifying recurring client questions and updating some technical information. Register for Evolution of Compelling Evidence 301.
The dispute mitigation strategies webinar, titled “CE 3.0, Are You Ready?” will review dispute best practices for merchants, including industry trends, transaction data sharing methods, and ways merchants can get ready to implement CE 3.0 in April. Register for CE 3.0, Are You Ready?.
Regions: US, AP, Canada, CEMEA, LAC, Europe
12 January 2023
In 2023, Visa expects to see a significant increase in issuer migration to eight-digit Bank Identification Numbers (BINs). And, effective April 2023, as returned BINs are reassigned, Visa will allow BINs with the same six-digit prefix to be utilized in the reassigned eight-digit BIN to different issuers, for different products, in different regions. In February 2023, Visa hosted a merchant-focused webinar to review potential impact areas and help ensure merchant readiness to support eight-digit BINs. To access a recording of that webinar, visit the Visa Numerics Initiative website or visit the ON24 website to access the on-demand webinar and accompanying deck (first time users will be prompted to register).
Regions: US, Canada
15 Dec 2022
Effective 15 April 2023, cardholder-initiated transactions using a credential-on-file token provisioned from a device-based token will be reclassified as electronic commerce indicator (ECI) 05, subject to meeting specified requirements.
Region: US
15 Dec 2022
U.S. domestic token transactions in high-risk merchant category codes (MCCs) will continue to have issuer fraud dispute rights, regardless of electronic commerce indicator (ECI) classification. As such, fully authenticated CNP token transactions from the following MCCs in the U.S. region will continue to be ineligible for dispute protection for Dispute Condition 10.4:
Acquirers must notify merchants with high-risk MCCs that process secure e-commerce transactions that these transactions will not be eligible for fraud dispute protection from Dispute Condition 10.4: Other Fraud—Card Absent Environment.
Regions: US, AP, Canada, CEMEA LAC, Europe
1 Dec 2022
Effective 15 April 2023, Visa will implement increased authorization limits for some automated fuel dispenser (AFD) transactions acquired by U.S. fuel merchants, and implement a requirement for all U.S. AFD transactions to support partial authorization. The U.S. AFD $1 status check authorization limit of $175 will be extended to all non-Fleet card transactions while the transaction limit for all Fleet cards will be increased to $1,000. For AFD Real-Time Clearing, the preauthorization limit for Fleet card transactions will be increased from $500 to $1,000, while the limit for non-Fleet card AFD transactions will remain at $500.
Region: US
20 Oct 2022
Visa Commercial Choice (VCC) is a suite of capabilities and services that allows financial institutions (on behalf of their commercial customers) and merchants / suppliers to establish flexible client-to-client fee agreements. Effective with the upcoming April 2023 VisaNet Business Enhancements release, Visa’s proprietary VCC capability will support the following foundational enhancements: small business card products; debit and prepaid funding sources (where applicable); fleet-specific ticket size tiers (U.S. only). For more information, merchants should contact their acquirers.
Region: US
13 Oct 2022
Visa is adding enhancements to allow for electric vehicle charging enhanced data and multiple fuel codes on Fleet Card transactions. Visa Fleet Card issuers must support the new dataset, tags and values in the V.I.P. System. Acquirers that process fuel / EV charging transactions may optionally support the new dataset, tags and values in the V.I.P. System. For more information on the enhanced data, merchants should contact their acquirers.
Region: US
13 Oct 2022
As acceptance and usage of contactless payments grows in the U.S., it is important to offer the most secure experience possible to protect the payment ecosystem and to earn the trust of consumers. In support of this, since 2019, all terminals accepting contactless payments in the U.S. have been required to actively support EMV®-based contactless functionality, or qVSDC, and to disable the mag stripe version of contactless payments – POS Entry Mode 91, more commonly known as MSD. To encourage the use of qVSDC contactless, Visa is moving forward with a fee for POS Entry Mode 91 transactions beginning on April 1, 2023.
Regions: US, AP, Canada, CEMEA, LAC, Europe
29 Sept 2022
Given the continued growth of players within the payments ecosystem and changes in the use of numeric assets such as Bank Identification Numbers and account ranges, Visa is reminding its acquirer partners that it is essential to use only Visa-supplied data to route and process transactions correctly.
Regions: US, Canada
29 Sept 2022
In EMV® 3-D Secure (3DS) 2.2, a Data Only transaction was introduced to make it easier for merchants and issuers to exchange data without a cardholder challenge. The Visa Data Only program uses the existing EMV 3DS infrastructure to facilitate this exchange of data, intended to help boost approval rates and lower fraud rates. Visa is reminding clients and partners of the requirements for supporting Visa Data Only (also referred to as Information Only) transactions. Complying with these requirements helps to provide cardholders with a frictionless online purchasing experience. For more information on requirements, merchants should contact their acquirers.
Regions: US, AP, Canada, CEMEA, LAC, Europe
29 Sept 2022
Visa will discontinue support for 3-D Secure (3DS) 1.0.2 on 15 October 2022. In preparation for the 3DS 1.0.2 sunset, Visa is reminding acquirers, merchants and issuers to migrate to EMV® 3DS.
Read the article Final reminder: Visa will discontinue support for 3DS 1.0.2
Regions: US, AP, Canada, CEMEA, LAC, Europe
22 Sept 2022
Visa is delaying plans to restrict standing instruction merchant-initiated transactions (MITs) to credential-on-file tokens only.
Read article about Restrictions on Standing Instruction MITs Will Be Delayed to February 2024
Regions: AP, Canada, CEMEA, Europe, LAC
15 Sept 2022
Changes will be made to VisaNet to increase default domestic and cross-border maximum transaction amounts. Visa will also increase the velocity limits for account funding transactions, push-to-card and push-to-account original credit transactions.
Regions: AP, Canada, CEMEA, Europe, LAC
8 Sept 2022
The Visa Rules have been updated to expand rules relating to personal data protection and privacy to the AP, Canada, CEMEA and LAC regions. The Data Framework for Visa Services, a Visa Supplemental Requirements document, has also been expanded to the above regions. The changes are effective 15 October 2022.
Read article about Regional Expansion of Personal Data Protection and Privacy Rules
Regions: US
1 Sept 2022
Visa is reminding stakeholders of previously communicated requirements for the implementation of mandatory changes related to Visa’s Fleet 2.0 initiative, including merchant category code fleet requirements and Visa Fleet 2.0 program timelines. Visa is also clarifying requirements for 0120 confirmation advice messages for Fleet cards. The Implementation deadline for merchants to support Visa Fleet 2.0 changes is October 2023. For more information, merchants should contact their acquirers.
Merchants that accept a Visa Fleet Card must support Visa Fleet 2.0 changes (October 2023) and must provide enhanced data for Visa Fleet Card transactions classified under the following MCCs:
Regions: US, Canada, AP, CEMEA, LAC, Europe
25 August 2022
Crypto exchanges and digital wallets enable consumers to purchase cryptocurrencies using a Visa credential (on-ramp). Some exchanges and wallets also enable payouts to a Visa credential (off-ramp). To promote the integrity and security of the payments ecosystem, Visa has published guidance on crypto ramp providers and best practices for mitigating crypto-related fraud.
Regions: US, Canada, AP, CEMEA, LAC
25 August 2022
Visa’s What To Do If Compromised document has been updated to more clearly define required procedures and timelines for reporting and responding to a suspected or confirmed Compromise Event. The latest version also incorporates new information pertaining to payment ecosystem attacks and fraud schemes.
Regions: US, Canada, AP, CEMEA, LAC, Europe
18 August 2022
To ensure that channel encryption and enhanced authentication features are implemented, effective 1 January 2024 Visa will require use of the Secure Member Connection service for all Direct Exchange (DEX) and Extended Access Server (EAS) endpoint connections.
Regions: US, Canada, AP, CEMEA, LAC, Europe
18 August 2022
Following the adoption of the eight-digit Bank Identification Number (BIN) standard, Visa is reminding clients about potential future impacts to the ecosystem, including timing for BIN prefix sharing.
Read article about Numerics Initiative: Timing for BIN Prefix Sharing
Regions: US, Canada, AP, CEMEA, LAC, Europe
18 August 2022
Visa payments provide a seamless, transparent and safe alternative to cash traditionally used for tips paid directly to employees. To promote transparency and cardholder recognition, Visa is clarifying the transaction data requirements for these stand-alone tipping transactions.
Read article about Transaction Data Requirements for Stand-Alone Tipping
Regions: US, Canada, AP, CEMEA, LAC, Europe
11 August 2022
Visa will discontinue support for 3-D Secure (3DS) 1.0.2 on 15 October 2022. In preparation for the 3-D Secure 1.0.2 sunset, Visa is reminding acquirers, merchants and issuers to migrate to EMV® 3DS.
Read article about Visa Will Discontinue Support of 3-D Secure 1.0.2
Regions: US, AP, Canada, CEMEA, LAC, Europe
28 July 2022
Visa is providing a new standardized list of Purpose of Payment codes for acquirers, acquirer processors and merchants sending original credit transactions and account funding transactions to Argentina, Bangladesh, Egypt and India.
Regions: US, AP, Canada, CEMEA, LAC, Europe
14 July 2022
Visa is reminding clients that for cross-border original credit transactions (OCTs), the sender data fields must be populated with sender name, address, city and country data in a valid format.
Regions: US, AP, Canada, CEMEA, LAC, Europe
30 June 2022
Visa will update the Visa Rules for Visa Non-Payment Authentication (NPA) transactions, which will require issuers to provide an electronic commerce indicator of 05 and the Cardholder Authentication Verification Value for fully authenticated NPA requests.
Regions: US, AP, Canada, CEMEA, LAC, Europe
16 June 2022
Visa will update dispute rules and language to provide additional standardization of data to improve the effectiveness and efficiency of dispute processing.
Regions: US, AP, Canada, CEMEA, LAC, Europe
16 June 2022
Visa is providing reminders and clarification with regard to accurately and consistently populating the Merchant Name / Descriptor field.
Regions: US, AP, Canada, CEMEA, LAC, Europe
16 June 2022
Leaf Certificates deployed on the Visa integration gateway will be renewed before their expiration. Clients must ensure their systems still function properly after Visa renews these certificates.
Regions: US, AP, Canada, CEMEA, LAC, Europe
2 June 2022
Visa will discontinue support for 3-D Secure (3DS) 1.0.2 on 15 October 2022. In preparation for the 3DS 1.0.2 sunset, Visa is reminding acquirers, merchants and issuers to migrate to EMV® 3DS.
Regions: US, AP, Canada, CEMEA, LAC, Europe
12 May 2022
The Payment Card Industry Data Security Standard (PCI DSS) version 4.0 has been published. Visa will continue to accept PCI DSS version 3.2.1 validations dated 31 March 2024 or prior.
Regions: Canada, US
12 May 2022
Visa is planning changes for transactions processed on or after 15 April 2023 in Canada and the U.S. Cardholder-initiated card-not-present transactions using fully authenticated tokens will be classified with electronic commerce indicator (ECI) 05, subject to meeting performance standards. In addition, dispute rights for Dispute Condition 10.4: Other Fraud—Card-Absent Environment on these transactions will be removed.
Read article about E-commerce transactions with fully authenticated tokens
Regions: US
12 May 2022
As announced in the 12 May 2022 edition of the Visa Business News, Google will be the first partner to use Visa Token Service to enhance the Chrome browser, as well as Android, Autofill features with e-commerce enabler tokens. Visa and Google employee testing is expected to begin 21 June 2022, which may result in some very limited traffic. The gradual pilot rollout for Chrome and Android users in the U.S. is planned to begin in August 2022, with full U.S. rollout anticipated by November 2022. No other countries are announced at this time.
Currently, Google Chrome (across all operating systems), as well as Android, offer the capability to autofill primary account number (PAN) credentials on behalf of the cardholder, reducing the need for manually key-entered credentials at checkout. As announced in the 27 January 2022 edition of the Visa Business News, Visa Token Service (VTS) has enabled the ability for web browsers to replace PAN credentials with Visa network tokens for improved security and reduced friction in checkout experiences.
With Visa network tokens being utilized via Google Autofill, merchants, issuers, and cardholders can further experience the benefits that network tokens bring to the ecosystem—including higher authorization rates, lower fraud rates and better cardholder experiences. These tokenized Autofill credentials will work within existing merchant card entry forms that already support the use of Google Chrome Autofill today, meaning no additional integration with Google or VTS is required of merchants to process payments with these tokens. Merchants / acquirers can submit the token data in the same manner as they submit PAN-based transaction data. A three-digit dynamic token verification value (DTVV) cryptogram will be auto-filled in place of Card Verification Value 2 (CVV2). Merchants may store (with consumer consent) auto-filled tokens for future credential-on-file (COF) transactions. Merchants can contact their acquirer or Visa representative to learn more.
Regions: US, AP, Canada, CEMEA, LAC, Europe
5 May 2022
Visa has updated the Account Funding Transaction (AFT) Processing Guide, the Visa Direct Original Credit Transaction (OCT)—Global Implementation Guide and the Visa Direct Payouts—Push to Account Program Guide. Clients and their partners that originate or receive AFTs, Visa Direct OCTs and/or push to account transactions should review the updated guides for information on how to best support these transactions.
Regions: US, AP, Canada, CEMEA, LAC, Europe
5 May 2022
Acquirers registered in the Dynamic Currency Conversion (DCC) Compliance Program for POS and/or ATM must register their DCC-enabled merchants for the period ending 31 July 2022 by 15 August 2022, and must update the ATM Locator quarterly with their DCC-enabled ATMs. Acquirers must advise Visa by 30 September 2022 if they wish to deregister as an acquirer from the DCC Compliance Program in fiscal year 2023. Visa is also reminding clients about the audit component of the DCC Compliance Program and the requirement for paper-based DCC solutions to be sunset by 15 October 2022.
REGIONS: US, AP, Canada, CEMEA, LAC, Europe
28 Apr 2022
To accommodate the addition of eight-digit issuing Bank Identification Numbers (BINs), the National Card Recovery File and Regional Card Recovery Files have been updated with a new Format Code value of 7 (Blocked 8-digit BIN). In addition, the description for existing Format Code value 3 has been updated from Blocked BIN (6-digit BIN or 8-digit BIN) to Blocked BIN (6-digit BIN). These changes are effective immediately.
Regions: US, Canada
19 Apr 2022
Visa Token Service (VTS) is enabling web browsers with the ability to enhance their browser auto-fill solutions with Visa payment tokens, per the 27 January 2022 VBN announcement. Web browsers will have the capability to replace primary account numbers (PAN) with e-commerce enabler tokens, which will provide browsers the ability to auto-fill cardholders’ tokenized credentials, including the token, token expiration date and three-digit dynamic token verification values (DTVV), at merchant card entry forms. Each individual web browser will determine the user experience and how it educates its users about the solution. While Visa is enabling this capability for browsers in April 2022, no browser has announced its intent to provide a tokenized auto-fill solution. Visa will provide at least 30 days notice before a browser implements this capability.
Currently, browsers offer the capability to auto-fill PAN credentials on behalf of the cardholder, with the aim to reduce key-entered credentials at guest checkout. Visa Token Service (VTS) will enable the ability to replace the browser auto-filled PAN credentials with Visa payment tokens for better security and reduced friction in the guest checkout experience. By enabling Visa payment tokens to be used in a browser’s auto-fill solution, merchants, issuers and cardholders can further realize the benefits that network tokens bring to the ecosystem—namely higher authorization rates, lower fraud rates and better cardholder experiences. Merchants that would prefer not to receive tokens via browser auto-fill can contact their acquirer to opt out.
These tokenized auto-fill credentials will work within existing merchant card entry forms that already support the use of browser auto-fill solutions today, meaning no effort will be required from merchants to process these tokens for payment. Merchants can contact their acquirer or Visa representative to learn more.
REGIONS: US, AP, Canada, CEMEA, LAC, Europe
14 Apr 2022
Visa is introducing a vibrant blue Visa Brand Mark, two new colors of the Premium Visa Brand Mark, and an updated staged Visa Brand Mark for use on payment device designs.
REGIONS: US, AP, Canada, CEMEA, LAC, Europe
7 Apr 2022
As announced previously, the current Visa Secure eCommerce certificate chain will expire effective June 2022. The Visa Secure Directory Server will be installing its G2 connectivity certificates beginning 2 May 2022 and fully completing on 16 May 2022.
Visa published an easy-to-use guide to help smaller merchants navigate the world of transaction disputes. For more information, please see Dispute Management Guidelines for Visa Merchants on Visa.com.
The updated resource defines required procedures in response to an account data compromise.
As merchants in United States enable their payment card acceptance infrastructure for EMV chip technology starting October 1, 2015, counterfeit fraud will increasingly migrate to acceptance segments that have not implemented EMV chip technology, such as automated fuel dispensers (AFDs). This will lead to counterfeit fraud chargeback liability for fuel merchants if AFD EMV chip acceptance enablement is not completed by October 1, 2020.
Visa prepaid and debit cards are popular forms of payment at the register. Visa’s Partial Authorization service provides an alternative to declining a transaction when the card’s available balance is not sufficient to approve a transaction in full. Participating issuers return an authorization response with an approval for a portion of the original amount requested, enabling the remainder of the transaction amount to be paid by other means using split tender functionality.
More webinars and documents containing in-depth information designed to help Visa merchants navigate acceptance, fraud, data security, authorization and more. Download, print and keep them on hand at your business.
This digest consists of summaries only and does not supersede or modify Visa Business News publications. Please contact your Acquirer for further information about any publications. Actual Visa Business News articles are not public materials and should not be treated as public documents, e.g., posting on merchant websites, etc.
The Visa Business News was launched to Europe clients on August 11, 2016. Prior to that, announcements were communicated via Visa Europe Member Letter.
