Quote:
Originally posted by vik
They really have no need for it, otherwise why do they need 3rd party processors?
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Third party processors are a headache for Visa and the new regulations are meant to give Visa a better overview of what is happening inside the world of these processors.
Visa rather wants all businesses to get their OWN merchant account so they get a nice database of sites that accept VISA and they can enforce their rules better this way.