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Brown Bear · 10-02-2002, 06:08 PM

I am wondering if Visa's new policies will work under NAFTA

Visa says that CC processors can only register Sponsored Merchants in the country where the Sponsored Merchant has a presence.

However, NAFTA says:

Chapter 14 - Article 1404: Cross-Border Trade

1. No Party may adopt any measure restricting any type of cross-border trade in financial services by cross-border financial service providers of another Party that the Party permits on the date of entry into force of this Agreement, except to the extent set out in Section B of the Party's Schedule to Annex VII.

2. Each Party shall permit persons located in its territory, and its nationals wherever located, to purchase financial services from cross-border financial service providers of another Party located in the territory of that other Party or of another Party.

10-02-2002, 06:08 PM
Brown Bear Confirmed User Join Date: May 2002 Posts: 4,982	NAFTA and new Visa policies I am wondering if Visa's new policies will work under NAFTA Visa says that CC processors can only register Sponsored Merchants in the country where the Sponsored Merchant has a presence. However, NAFTA says: Chapter 14 - Article 1404: Cross-Border Trade 1. No Party may adopt any measure restricting any type of cross-border trade in financial services by cross-border financial service providers of another Party that the Party permits on the date of entry into force of this Agreement, except to the extent set out in Section B of the Party's Schedule to Annex VII. 2. Each Party shall permit persons located in its territory, and its nationals wherever located, to purchase financial services from cross-border financial service providers of another Party located in the territory of that other Party or of another Party. __________________ Surrender all your independent thinking and Click Here for re-programming.