Visa and Mastercard recently introduced Stored Credential Transaction Framework requirements for merchant-initiated transactions and cardholder-initiated transactions. The Framework, effective October 12, 2018, defines rules and requirements for initial storage and subsequent use of payment credentials.
As a result of this change, Moneris Solutions Corporation (‘Moneris’) has or will be providing tools and guidelines for merchants to ensure they are able to meet the card brand requirements. Specific details are as follows:
Merchants with integrated payments solutions using Moneris APIs:
Merchants using the Moneris Hosted Pay Page or Hosted Vault:
Merchants using the Moneris Virtual Terminal or Merchant Resource Centre:
Merchants using batch submissions:
Merchants that are Point of Authorization (POA) integrated:
If you have any questions, please do not hesitate to contact us at email@example.com or 1-866-562-4354.