09-18-2010, 12:36 PM
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It's 42
Industry Role:
Join Date: Jun 2010
Location: Global
Posts: 18,083
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http://usa.visa.com/merchants/operat...gulations.html
Quote:
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Any Regional Operating Regulations within the Visa International Operating Regulations apply only to the operations of client financial institutions within the relevant region (e.g., the U. S. Regional Operating Regulations only apply to a financial institution's operations in the U.S. region).
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This in the realm of speculation based on some fact ...
I have no hard evidence that is is part of the reason but this VISA International policy does make an issuing bank subject to either it's client's (cardholder's) national laws or those of the bank's domicile (place of business). The definition of "operations" being at question ... . |
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