Visa International Operating Regulations

Chapter 5: Visa Products and Services
• Domestic Use Only Visa Prepaid Cards
Visa International Operating Regulations
• Service Codes Denoting International Acceptance - U.S. Region
ID#: 151012-010100-0027423
Visa Easy Payment Service (VEPS) Transaction Amount Increase for Select U.S.
Merchants
Background
The U.S. Regional Operating Regulations have been revised to increase the Transaction limit for Visa
Easy Payment Service (VEPS) Transactions originating at select Merchant Categories Codes in the U.S. Region.
Corresponding updates have also been reflected in the "Visa Easy Payment Service Country
Level Transaction Limits" exhibit.
Effective Date
13 October 2012
Regulation Changes
Added or revised the following:
Chapter 6: Payment Acceptance
• Visa Easy Payment Service (VEPS) MCC-based Transaction Limit - U.S. Region
Appendices:
• Visa Easy Payment Service Country Level Transaction Limits
ID#: 151012-010100-0027424
New Chargeback Rights for Deceptive Marketing and Counterfeit Goods
Background
To protect Issuers and Cardholders from Merchants that sell counterfeit merchandise or that
misrepresent the terms of sale to Cardholders, updates have been made to Chargeback Reason
Code 53, "Not as Described or Defective Merchandise," to make it easier for Issuers to charge back
Transactions involving counterfeit goods and to enable Issuers to charge back Transactions where
the Merchant misrepresents the terms of sale to a Cardholder.
12 VISA PUBLIC 15 October 2012
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