Quote:
Originally posted by Zentropy
Are these cross border regulations new? Why has this not been an issue in the past with people who happen to be cross border infringers for no other reason than a preference for a particular IPSP?
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This has never been to much of a problem simply because Visa has not known who they were doing business with. They only new one merchant WSB, not its submerchants. That is part of the reason for the new regulations and all sponsored merchants being required to register. Visa will now be able to know who they are doing business with.
Our acquirer overseas, although not subject to the New Registration program, has informed us that VisaEU wants a list of all clients so they can make sure there is no cross border conflicts. All IPSPs will be required to do so now, its just a matter of time.
Visa has 6 regions
USA - European Union - Asia Pacific - Latin America and Carribean - Central Europe Middle East and Africa - Canada