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A stored credential is information that is kept by a merchant or its agent, a payment facilitator, or a staged digital wallet operator to process future transactions. The use of them is growing as eCommerce grows, so recognising stored credential transactions distinctly allows for greater visibility into the transaction risk, enabling robust processing and resulting in differential treatment.
Visa previously issued a guide to help customers comply with the mandatory requirements and take advantage of the benefits of the Stored Credential Transaction framework. It was published in 2017 - but it remains valid.