Visa International Operating Regulations

Visa International Operating Regulations
Effective 13 October 2012, excludes Acquirers and Merchants in the U.S. Region
from the requirement to supply Chip data in the Clearing Record of a Transaction, if the
corresponding Authorization Request was approved Online.
Modification of Minimum ATM Cash Disbursement Requirements for Issuers
Effective 12 July 2012, modifies the requirement that Issuers provide a minimum daily Cash
Disbursement amount of US $200 via an ATM to allow Issuers to set lower cash limits of US $200 or
10% of the credit line, whichever is less. The change applies to consumer and commercial credit
programs only, not debit.
Debt Repayment Indicator Clarification
Effective 29 June 2012, clarifies that in the U.S. Region, use of the debt repayment indicator is
required for all debt repayment Transactions regardless of whether or not the payment is submitted
under the Visa Debt Repayment Program.
Visa Advanced ID Solutions Updates
Effective 1 August 2012, revises the Visa Advanced ID Solutions definition and removes obsolete
language under the Visa Advanced ID Solutions suite of products.
Interchange Reimbursement Fee (IRF) Compliance Rules Clarification
Effective 13 October 2012, consolidates procedural requirements for the Interchange
Reimbursement Fee (IRF) Compliance process into a new extension document, and re-organizes
and revises IRF Compliance rules.
Optimization of Chargeback Process for Compelling Evidence
Effective 20 April 2013, clarifies the meaning and applicability of "Compelling Evidence," and
establishes a Representment right that enables Acquirers to provide "Compelling Evidence" to
Issuers.
Refinements to Dispute Resolution Rules
Effective 20 April 2013, eliminates Chargeback Reason Code 60, “Illegible Fulfillment” and Retrieval
Request Reason Code 29, “Travel & Entertainment (T&E) Document Request,” and makes minor
edits to streamline and align dispute resolution rules language.
Updates to the Extensions to the Visa International Operating Regulations
Effective 15 October 2012, streamlines and updates Extension references, introduces new defined
terms to reference groups of related Extensions, removes Extensions lists and obsolete Extension
references.
Mobile Merchant Acceptance - Online Authorization Mandate
Effective 1 October 2012, introduces a requirement that Acquirers deploy Mobile Payment
Acceptance Solutions capable of Online Authorization.
4 VISA PUBLIC 15 October 2012
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