Visa Core Rules And Visa Product And Service Rules
Visa Core Rules andVisa Product and Service Rules17 October 2020Version 1.1 (11 December 2020)
2014—2020 Visa. All Rights Reserved.The trademarks, logos, trade names and service marks, whether registered or unregistered(collectively the “Trademarks”) are Trademarks owned by Visa. All other trademarks notattributed to Visa are the property of their respective owners.Visa is committed to providing our partners and interested parties with greater insight intoVisa’s operations. As part of our effort, we are pleased to provide access to the latestedition of the Visa Core Rules and Visa Product and Service Rules, which govern participationof our financial institution clients in the Visa system.To protect cardholders and merchants and maintain the integrity of the Visa system, wehave omitted proprietary and competitive information, as well as certain details from therules relating to the security of the network.Any regional or country-specific rules within the Visa Core Rules and Visa Product andService Rules apply only to the operations of financial clients within the relevant region orcountry, and any rules marked with the name of a region(s) or country(ies) are applicable tofinancial institutions operating in that region(s) or country(ies) only.The Visa Rules must not be duplicated, in whole or in part, without prior written permissionfrom Visa.If you have questions about Visa’s rules, please contact us.
ContentsVisa Core Rules and Visa Product and Service RulesContentsContents3Tables27Summary of Changes42Summary of Changes since the 18 April 2020 Visa Core Rules and Visa Product and ServiceRulesIntroduction4251The Visa Rules511 Visa Core Rules541.1 General541.1.1 Governance541.1.2 Local, Domestic, and Regional Rules and Private Agreements611.1.3 Waivers611.1.4 Operating Certificates621.1.5 Confidentiality621.1.6 Visa Rights661.1.7 Use of VisaNet691.1.8 Liabilities and Indemnifications701.2 Licensing and Numerics Management731.2.1 Licensing – General Membership731.3 Use of Marks741.3.1 Marks License741.3.2 General Use of Marks741.3.3 Protecting the Visa Brand7817 October 2020 2014—2020 Visa. All Rights Reserved.Visa Public3
ContentsVisa Core Rules and Visa Product and Service Rules1.3.4 Marketing, Promotion, and Advertising Materials1.4 Issuance79841.4.1 Issuance Conditions841.4.2 Account Numbers851.4.3 Notification and Disclosure851.4.4 Issuer Operational Standards871.4.6 Zero Liability891.5 Acceptance901.5.1 General Acquirer Requirements901.5.2 Merchant Agreements951.5.3 Marks Display961.5.4 Card Acceptance961.5.5 Card Acceptance Prohibitions1031.5.6 Transaction Receipts1051.5.7 Merchant Deposits1061.5.8 Travelers Cheques1071.6 ATM1081.6.1 ATM Requirements1081.7 Transaction Processing1081.7.1 General Processing1081.7.2 Data Requirements1091.7.3 Acquirer Authorization Requests1101.7.4 Issuer Authorization Processing1101.7.5 Clearing11117 October 2020 2014—2020 Visa. All Rights Reserved.Visa Public4
ContentsVisa Core Rules and Visa Product and Service Rules1.7.6 Settlement1121.7.7 Reversals and Adjustments1131.8 Processing Products1141.8.1 Original Credits1141.9 Interchange1151.9.1 Interchange Reimbursement Fee (IRF) Determination and Payment1151.9.2 Interchange Reimbursement Fee (IRF) Adjustments and Compliance1161.10 Risk1171.10.1 Corporate Risk Reduction1171.10.2 Brand Protection1211.10.3 Investigations1221.10.4 Information Security1231.10.5 High-Brand Risk Activity1261.10.6 Recovered Cards1271.10.7 Counterfeit Losses1271.10.8 Agents1281.10.9 Card Manufacturing and Distribution1311.11 Dispute Resolution1331.11.1 Disputes1331.11.2 Arbitration and Compliance1341.12 Fees and Non-Compliance Assessments1351.12.1 Fee Assessment by Visa1351.12.2 Non-Compliance Assessments1362 Licensing and Numerics Management14317 October 2020 2014—2020 Visa. All Rights Reserved.Visa Public5
ContentsVisa Core Rules and Visa Product and Service Rules2.1 Membership1432.1.1 Member Acquisitions and Mergers1432.1.2 Acquirer Licensing1442.1.4 Changes to Member Information or Status1452.3 BIN and Acquiring Identifier License and Administration1452.3.1 BIN and Acquiring Identifier Use and License1452.3.2 Administration of BINs, Acquiring Identifiers, and Numerics1472.3.3 Account Range and BIN Use1492.3.4 Use and Disclosure of BIN Information1502.4 Marks License1512.4.1 Marks License Grant1512.5 Visa US Regulation II Certification Program2.5.1 Visa US Regulation II Certification Program – US Region and US Territories2.6 Product-Specific BIN Requirements1522.7 Client Portfolio Management Self-Service Tools2.7.1 Client Portfolio Management Self-Service Tools Requirements2.8 Non-Visa BINs and Acquiring Identifiers2.8.1 Non-Visa-Assigned BINs and Acquiring Identifiers2.10 EU Passporting1521521531531542.10.1 EU Passporting – Europe Region3 Use of Marks1541553.1 Marks License1553.1.1 Affinity/Co-Branded Card Programs 2014—2020 Visa. All Rights Reserved.1511522.6.1 Visa Consumer Products17 October 2020151Visa Public1556
ContentsVisa Core Rules and Visa Product and Service Rules3.1.2 Marks License Grant1563.1.3 Sponsorships and Partnerships, Including the Olympics1563.2 Use of Marks1573.2.1 Use of Marks by Members and Merchants1573.2.2 Use of Marks in Promotions, Advertisements, and Solicitations1583.2.3 Use of Marks on Cards1593.3 Other Card Requirements1613.3.1 Magnetic-Stripe Encoding1613.4 Point-of-Transaction Display of Marks3.4.1 Display of Marks at the Point of Sale4 Issuance1621621634.1 General Issuance1634.1.1 General Issuer Requirements1634.1.2 Visa Credit Card Issuance1704.1.3 Visa Charge Card Issuance1724.1.4 Debit Card Issuance1734.1.6 Affinity/Co-Brand and Global Co-Brand Issuance1744.1.7 Card Production Standards1784.1.8 Virtual Accounts1794.1.9 Issuer Disclosures1804.1.10 Confidentiality of Cardholder Information1874.1.11 PIN Requirements1874.1.12 Data Retention and Transmission1884.1.13 Provisional Credit/Zero Liability18917 October 2020 2014—2020 Visa. All Rights Reserved.Visa Public7
ContentsVisa Core Rules and Visa Product and Service Rules4.1.14 Emergency Cash Disbursement, Emergency Card Replacement, Global CustomerAssistance Services (GCAS)1934.1.15 Insurance/Benefits1984.1.16 Preauthorized Payment Cancellation Service2004.1.17 Click to Pay2014.1.18 Visa Token Service2024.1.19 Chip Issuance Requirements2064.1.20 Pass-Through Digital Wallet Requirements2264.1.21 Payment Solution Providers2274.1.22 Card Personalization – Europe Region2284.2 Visa Electron2284.2.1 Visa Electron Issuer Requirements4.3 Visa Check Card2282294.3.1 Visa Check Card – Issuer Requirements2294.3.2 Secured Card – Issuer Requirements2304.4 Visa Gold2314.4.2 Visa Gold – Issuer Requirements2314.4.3 Visa Gold – Features and Benefits2324.5 Visa Platinum2334.5.1 Visa Platinum – Card Requirements2334.5.2 Visa Platinum – Customer Service Requirements2334.5.3 Visa Platinum – Issuer Requirements2344.5.4 Visa Platinum – Features and Benefits2344.5.5 Visa Platinum Prepaid – Issuer Requirements23517 October 2020 2014—2020 Visa. All Rights Reserved.Visa Public8
ContentsVisa Core Rules and Visa Product and Service Rules4.6 Visa Rewards2364.6.3 Visa Rewards – Features and Benefits2364.6.4 Visa Traditional Rewards – Issuer Requirements2374.6.5 Visa Traditional Rewards – Features and Benefits2384.7 Visa Signature2394.7.1 Visa Signature and Visa Signature Preferred – Card Requirements2394.7.2 Visa Signature and Visa Signature Preferred – Customer Service Requirements2394.7.3 Visa Signature and Visa Signature Preferred – Issuer Requirements2404.7.4 Visa Signature and Visa Signature Preferred – Features and Benefits2414.8 Visa Infinite2414.8.1 Visa Infinite/Visa Infinite Privilege – Card Requirements2414.8.2 Visa Infinite/Visa Infinite Privilege – Customer Service Requirements2434.8.3 Visa Infinite/Visa Infinite Privilege – Issuer Requirements2434.8.4 Visa Infinite/Visa Infinite Privilege – Features and Benefits2454.10 Campus Cards2474.10.1 Campus Card – Issuer Requirements4.11 Prepaid2472484.11.1 Prepaid – Issuer Requirements2484.11.5 Prepaid – Distribution of Cards Outside the Country of Issuance2514.11.6 Prepaid – Authorization Services/Funds Access2524.11.7 Prepaid – Partners2534.11.10 Prepaid – Visa TravelMoney2534.11.11 Prepaid – Visa Buxx2554.11.13 Prepaid – Employee Benefits/Healthcare25617 October 2020 2014—2020 Visa. All Rights Reserved.Visa Public9
ContentsVisa Core Rules and Visa Product and Service Rules4.11.14 Prepaid – Visa Mobile2564.11.15 Prepaid – Payroll/Salary2594.11.16 Prepaid – Visa Vale2604.12 Visa Commercial Card Products2604.12.1 Visa Commercial Card Issuance2604.12.2 Visa Commercial Card Data Management and Reporting2684.12.3 V Distribution Program2714.12.4 Visa B2B Virtual Payments Program2724.12.5 Visa IntelliLink Spend Management2734.13 Visa Small Business Product-Specific Issuance2734.13.1 Visa Business – Card Requirements2734.13.3 Visa Business – Issuer Requirements2754.13.4 Visa Business – Features and Benefits2754.15 Visa Platinum Business2764.15.1 Visa Platinum Business – Card Requirements2764.15.2 Visa Platinum – Customer Service Requirements2784.15.3 Visa Platinum Business – Issuer Requirements2784.15.4 Visa Platinum Business – Features and Benefits2804.16 Visa Signature Business2814.16.1 Visa Signature Business – Card Requirements2814.16.2 Visa Signature Business – Customer Service Requirements2834.16.3 Visa Signature Business – Issuer Requirements2834.16.4 Visa Signature Business – Features and Benefits2844.17 Visa Infinite Business, Visa Infinite Privilege Business28417 October 2020 2014—2020 Visa. All Rights Reserved.Visa Public10
ContentsVisa Core Rules and Visa Product and Service Rules4.17.1 Visa Infinite Business, Visa Infinite Privilege Business – Card Requirements2844.17.2 Visa Infinite Business, Visa Infinite Privilege Business – Customer ServiceRequirements2864.17.3 Visa Infinite Business, Visa Infinite Privilege Business – Issuer Requirements2874.17.4 Visa Infinite Business, Visa Infinite Privilege Business – Features and Benefits2904.18 Visa Multi-Currency Solution2934.18.1 Visa Multi-Currency Solution Issuer Requirements4.19 Visa SavingsEdge – US Region2932944.19.1 Visa SavingsEdge Requirements – US Region4.20 Visa Purchasing2942954.20.1 Visa Purchasing – Issuer Requirements4.21 Visa Fleet2952964.21.1 Visa Fleet Card – Issuer Requirements2964.22 Visa Large Purchase Advantage – US Region2974.22.1 Visa Large Purchase Advantage Requirements – US Region4.23 Visa Meetings Card2972984.23.1 Visa Meetings Card – Issuer Requirements4.24 Visa Infinite Corporate – LAC Region2982994.24.1 Visa Infinite Corporate Card Requirements – LAC Region2994.24.2 Visa Infinite Corporate – Issuer Requirements – LAC Region2994.24.3 Visa Infinite Corporate – Features and Benefits – LAC Region3004.25 Visa Platinum Corporate – LAC Region3014.25.1 Visa Platinum Corporate – Card Requirements – LAC Region3014.25.2 Visa Platinum Corporate Issuer Requirements – LAC Region30117 October 2020 2014—2020 Visa. All Rights Reserved.Visa Public11
ContentsVisa Core Rules and Visa Product and Service Rules4.25.3 Visa Platinum Corporate Features and Benefits – LAC Region4.26 Visa Premium Corporate – LAC Region4.26.1 Visa Premium Corporate – Issuer Requirements – LAC Region4.27 Visa Signature Corporate – LAC Region4.27.1 Visa Signature Corporate Issuer Requirements – LAC Region4.28 Prepaid Commercial Corporate3023023023063063074.28.1 Commercial Prepaid – Card Requirements3074.28.2 Corporate Prepaid – Features and Benefits3074.29 Visa Agro – LAC Region3084.29.1 Visa Agro – Card Requirements – LAC Region3084.29.2 Visa Agro – Customer Service Requirements – LAC Region3084.29.3 Visa Agro – Issuer Requirements – LAC Region3094.30 Visa Cargo – LAC Region3094.30.1 Visa Cargo Card Requirements – LAC Region4.31 Visa Drive Card – Europe Region3093104.31.1 Visa Drive Card – Europe Region4.32 Visa SimplyOne – Europe Region3103124.32.1 Visa SimplyOne Card – Europe Region4.33 Visa Multichoice – Europe Region3123134.33.1 Visa Multichoice Card – Europe Region3134.34 Carte Bleue Nationale Cards – Europe Region3144.34.1 Carte Bleue Nationale Cards Issuer Requirements – Europe Region (France)4.35 Carte Bleue Nationale Affaires Cards – Europe Region (France)17 October 2020 2014—2020 Visa. All Rights Reserved.Visa Public31431512
ContentsVisa Core Rules and Visa Product and Service Rules4.35.1 Carte Bleue Nationale Affaires Cards Issuer Requirements – Europe Region(France)5 Acceptance3153175.1 Responsibilities Related to Information and Notification3175.1.1 Provision of Information, Registration, and Reporting3175.2 Acquirer Responsibilities Related to Merchants3195.2.1 Merchant Agreements, Merchant Onboarding, and Merchant Relationships3195.2.2 Acquirer and Payment Facilitator Responsibilities Related to Deposit Accounts3265.3 Payment Facilitators, Digital Wallet Operators, and Marketplaces3265.3.1 Payment Facilitator and Digital Wallet Operator Agreements3265.3.2 Payment Facilitator, Digital Wallet Operator, and Marketplace Responsibilities andRequirements3305.3.3 Digital Wallet Operators3325.3.4 Acquirer Responsibility for Marketplaces3345.4 Merchant and Cardholder Interaction3375.4.1 Honoring Cards3375.4.2 Conditions of Card Acceptance and Cardholder Rights3375.4.3 Merchant Use of Cardholder Account Information3415.5 Surcharges, Convenience Fees, and Service Fees3435.5.1 Surcharges – Allowances, Requirements, Restrictions, Amounts, and Disclosures3435.5.2 Convenience Fees – Allowances, Requirements, Restrictions, Amounts, andDisclosures3505.5.3 Service Fees – Allowances, Requirements, Restrictions, Amounts, and Disclosures3525.6 Acceptance Devices3555.6.1 Acceptance Device Requirements – All Devices17 October 2020 2014—2020 Visa. All Rights Reserved.Visa Public35513
ContentsVisa Core Rules and Visa Product and Service Rules5.6.2 Chip Acceptance Device Requirements3675.6.3 Unattended Cardholder-Activated Terminals – Transaction Cancellati
rules relating to the security of the network. Any regional or country-specific rules within the Visa Core Rules and Visa Product and Service Rules apply only to the operations of financial clients within the relevant region or country, and any rules marked with the name of a region(s) or country(ies) are applicable to .
Wendy H Jackson GA 25 Visa gift card Connie M Portland OR 25 Visa gift card Augustine V Baton Rouge LA 25 Visa gift card James E Lake City SC 25 Visa gift card . Parcy O Cooper City FL 25 Visa gift card Becky K Newport NC 25 Visa gift card carritha l Bernice LA 25 Visa
Enjaz Visa insurance (visa online system) we will arrange this at the time of generating the visa application. 7 . Proof of relation legalised by the FCO, we can arrange the legalisation. 8 . Completed Saudi Arabia Visa Order Form. Saudi Embassy Visa and E-Number fee Single or Multiple up to 6 month fees 130 Multiple up to 2 Years 494
Visa Business”) (formerly “RBC Visa Business Platinum Avion”), RBC Visa Business (“Visa Business”) or RBC Visa Business Gold (“Visa Business Gold”) account that you have opened for the Applicant. You may add other types of Accounts to this list at any time. All Cards you issue
Visible identification marks * Visible identification marks Educational Qualification * Select. Educational Qualification . Last Indian Visa No/Currently valid Indian Visa No. * Last Indian Visa no / Currently valid Visa no Type of Visa * Select. Type of Visa
that issue Visa cards (card issuers) and/or sign merchants to accept Visa cards for payment of goods and services (acquirers) . Visa provides card products, promotes the Visa brand, and establishes the rules and regulations governing participation in Visa programs .
Rules database is the basis of the rules engine and it is a collection of rules files which are established by rules engine. Rules database is maintained by rules management and it is used by rules engine. (5) Rules Matching The first step is modelling with rules files in rules database. Then, it will match rules with users'
not limited to: 1) Visa U.S.A. Inc. Bylaws, Visa U.S.A. Operating Regulations, Visa U.S.A. Inc. Certificate of Incorporation, Visa International Bylaws, and Visa International Operating Regulations; 2) NACHA (The National Automated Clearing House Association) Operating Rules, and 3) any and all laws, treaties, rules, regulations, or regulatory .
researchers agree that something important is missing from modern AIs (e.g., Hofs-tadter 2006). While this subfield of Artificial Intelligence is only just coalescing, “Artificial Gen-eral Intelligence” (hereafter, AGI) is the emerging term of art used to denote “real” AI (see, e.g., the edited volume Goertzel and Pennachin [2007]). As .
