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Global Expansion Of Debt-Repayment On Debit & Prepaid Cards

Global Expansion Of Debt-Repayment On Debit & Prepaid Cards
November 3, 2017 admin

Overview: Visa will allow debt repayment to occur on debit and prepaid cards in all regions. In addition, debt repayment rules will be refined in Australia, Canada, New Zealand, the U.S. and Europe. Visa is expanding the use of debit and prepaid cards for debt repayment.

The following rules will take effect in 2018.
• Effective 14 April 2018:

  • Cardholders in all regions will be able to repay debt with debit and prepaid cards.
  • The debt repayment rules will be refined in Australia, Canada, New Zealand and U.S.
  • Effective 13 October 2018, the debt repayment rules will be refined in the Europe region…

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