Card Brand Changes

Visa has announced a series of changes to its rules and requirements regarding the provision of transaction receipts. These are aimed at streamlining requirements to bring them up to date with market needs and best practice.

From April 18, 2020 Visa is updating its rules related to transactions for merchants that offer free trials or introductory offers as part of an ongoing subscription service.

Visa and Mastercard are making some changes to the Contactless (CVM) Limit. This is the point at which PIN verification becomes required.

This is a reminder to all customers wishing to return tax payments to qualifying consumers that the refund transaction type should not be used for the return of sales tax to cardholders. The refund transaction type can only be used to correct a sale.

To overcome a shortage of available numbers, starting in April 2022, all card schemes are working towards expanding the available ranges by instigating an 8-digit BIN code across their networks.

Maintaining updated BIN range tables is vital for authorisation routing and fraud detection. Failure to update BIN tables can impact the profitability of your business, as consumers will be unable to make purchases using valid cards.

As your payments partner, we are committed to keeping you up to date with industry changes and card-scheme developments. There are 11 updates and reminders included here.

Visa is providing information about common account takeover fraud techniques, along with best practices to mitigate the risk of such fraud.

As your payments partner, we are committed to keeping you up to date with industry changes and card brand developments. There are 19 updates and reminders included here.

As your payments partner, we are committed to keeping you up to date with industry changes and card brand developments. There are 12 updates and reminders included here.

As your payments partner, we are committed to keeping you up-to-date with industry and card brand developments.

As your payments partner, we want to keep you up to date with industry changes and card brand developments. There are 14 updates and reminders included here.

Mastercard is now preventing customers from bypassing the Mastercard Directory Server for 3DS 1.0 transactions before submitting those transactions into authorisation

To ensure the continued security of transactions, it will be compulsory to remove Mag-Stripe Mode from all contactless device specifications. Going forward, only EMV mode will be supported

Visa and Mastercard now require that transactions relating to returned products, cancelled services or price adjustments related to prior purchases are authorised as are debit transactions

From 13 June 2020, Visa is set to amend the cashback purchase limits in Switzerland to a minimum of CHF 20 and a maximum of CHF 300. The Mastercard minimum cashback amount remains at CHF 10

The EU Commission has issued new legislation aimed at vulnerabilities relating to anonymous prepaid products, as the Anti Money-Laundering Directive 5 (AMLD5) comes into effect

In response to the requirement for Strong Customer Authentication (SCA) as part of PSD2, Visa expects all parties in the ecosystem to deploy EMV 3DS 2.2 no later than 16 October 2020

Make sure you meet consumer expectations by creating a consistent, improved experience at the point of sale (POS) – drive awareness of ‘tap to pay’ and deliver a best-in-class consumer experience

After the introduction of Strong Customer Authentication (SCA), under PSD2, Visa has introduced new authorisation response codes to help achieve an optimal experience for cardholders

Visa has stated that customers wanting to perform verification of a card account, prior to any amount being debited, must use the correct identifiers and a zero-amount in those verification requests

As your payments partner, we are committed to keeping you up-to-date with industry changes and card brand developments. There are 12 updates and reminders included here.

Visa is changing the way it handles disputed transactions (also known as Chargebacks) within the payments industry with effect from 15 April 2018 by introducing the Visa Claims Resolution (VCR) initiative. This aims to improve the efficiency of handling disputes and reduce the number of invalid Chargebacks.

Read Visa’s dedicated guide to store credentials, to help customers comply with mandatory requirements and take advantage of the benefits of the Stored Credential Transaction framework

Mastercard has introduced its Debit Mastercard in Spain, Portugal, France and Liechtenstein. Customers can automatically accept these new card ranges if their BIN data is updated regularly

Visa & Mastercard: Impact of non-compliance with changes to Dynamic Currency Conversion

From 17 July 2020, Visa is increasing the CVM limit in Poland from 50 zł to 100 zł. From October 2020, Visa will increase the CVM limit in Belgium from €20 to €25

As your payments partner, we are committed to keeping you up to date with industry changes and card-scheme developments. There are nine updates and reminders included here.

As your payments partner, we are committed to keeping you up to date with industry changes and card brand developments. There are six updates and reminders included here.

As your payments partner, we want to keep you up to date with industry changes and card brand developments. There are 7 updates and reminders included here.

As your payments partner, we are committed to keeping you up to date with industry changes and card brand developments. There are 11 updates and reminders included here.

As your payments partner, we are committed to keeping you up to date with industry changes and card brand developments. There are 15 updates and reminders included here.

As your payments partner, we are committed to keeping you up to date with industry changes and card-scheme developments. There are nine updates and reminders included here.

Outlined are the pricing changes being introduced by the card brands, Visa, Mastercard and Diners Club.

As your payments partner, we are committed to keeping you up-to-date with industry and card scheme developments. The purpose of this communication is to advise you of new pricing changes being introduced by Visa and Mastercard.

Effective from April 2021, Visa has updated new rules. Read more.

Elavon is aware of the impacts to the numerics used in the card brand payments systems and has taken the steps to support the migration to an eight-digit IIN (BIN). Full implementation for all card brands is targeted for April 2022.