11/22/2023 0 Comments Transaction central supportIdentify the initiator (cardholder or merchant) and frequency (one-time or scheduled) of the transactions with appropriate indicators when using stored credentials.Inform the account issuer that payment credentials are now stored on file, either by processing a payment or a $0 account verification.Notify cardholders when any changes are made to the terms of use.Obtain cardholders’ consent to store the credentials.Disclose to cardholders how those credentials will be used.If your application stores cardholder data for use in future one-time or recurring payments, you must do the following to become compliant with this mandate: Understanding Stored CredentialsĪ stored credential is information (including, but not limited to, an account number or payment token) that is stored by a merchant or its agent to process future transactions. The BluePay Gateway is certified for compliance with this mandate, for merchants processing on the Cardnet/North ISO8583 platform. See the following documentation from Visa and Mastercard for detailed information: This mandate requires specific handling and transmission of stored credentials (in this case, tokens representing payment data). In October 2017, Visa and Mastercard issued new rules regarding the use of stored credentials. To use this dedicated plugin, you'll need both an active BluePay account and QuickBooks Online.
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