Stored Credentials & Merchant-Initiated Transactions – Replay of webinar held 6 December 2017 (Europe Only)
To give Issuers greater visibility into various transaction types, Visa introduced two new frameworks. The Stored Credentials and Merchant-Initiated Transaction frameworks will ultimately help Issuers manage risk and fraud so they can improve approval rates and the cardholder experience.
This webinar provides an overview of both frameworks. It also covers how to use the data elements in various business scenarios, and the key elements to review in authorization policies. This information also applies to the new authorization policies that came into effect, October 2017.
This webinar is ideal for business and risk staff involved in setting authorization policies and implementing authorization system changes. Acquirers who need help explaining to merchants how to use the frameworks, may also find this online session helpful. This session includes both the presentation and time to ask questions.
1 course, 60 minutes total, 6 month unlimited access after purchase
Background of the Stored Credentials and Merchant-Initiated Transaction frameworks
Overview of the Stored Credential framework
Business rules including requirements to amend some authorization policies
Data elements included and when/how they are used in various business scenarios
Overview of the Merchant-Initiated-Transaction (MIT) framework
Description of each business scenario and the impact on transaction types
Relationship between Stored Credentials and Merchant-Initiated Transaction framework
Description of business scenarios that can use both frameworks individually or in the same transactions
Mandated dates and applicability to various transaction types
Differentiate what is expected in each transaction type – what may be there vs what must be there
FAQs and open question time
Who Should View
Issuers and processors business and risk staff involved in setting up authorization policies
Issuers and processors staff involved in implementing authorization system changes
Acquirer business staff liaising with merchants and in need of understanding how to use the framework with various business scenarios
Acquirer technical staff involved in implementing the frameworks and who may still have questions about the framework