Acquirer controls for Visa Direct

visa-direct-issuer-security-at-every-step-acquirer-1140x300

Acquirer controls for Visa Direct:

Visa Direct rules include, but are not limited to, requirements that acquirers ensure that all senders:

  • Satisfy applicable money licensing requirements
  • Satisfy applicable KYC and screening obligations such as OFAC
  • Incorporate sender data and implement velocity controls

Additionally, a Visa Direct acquirer must:

  • Appropriately vet new clients
  • Submit a Programme Information Form to Visa for all new or changed programmes
  • Monitor fund senders to ensure compliance with Visa and applicable legal and regulatory requirements