Credit Today Q&A: Visa Stored Credential Framework & Mandate Webinar Wrap
There is no payment gateway that will automatically get you 100% compliant today. CenPOS is compliant with nearly all elements today and is working towards launching the remainder by October 14.
Most Credit Today members will instantly be more profitable if you adopt my recommendation to use CenPOS, a merchant-centric, end-to-end payments engine that drives enterprise-class solutions for businesses, saving them time and money, while improving their customer engagement. CenPOS secure, cloud-based solution optimizes acceptance for all payment types across multiple channels without disrupting the merchant’s banking relationships. CenPOS supports multiple payment types, including check/ACH, credit card, wire, Paypal and more
Who’s responsible for what?
The mandate does not require payment gateways to provide all the solutions for compliance. It specifically references “The merchant or it’s agent” (including payment gateway must meet the standards.
Condensed and incomplete information! Review official Visa documents for more information.
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