The Coming October Purchase Alert Mandate
PYMNTS
APRIL 25, 2016
THE NEXT OCTOBER MANDATE – PURCHASE ALERTS. Last October’s mandate was more of a liability shift related to the implementation of EMV at the physical point of sale. MasterCard’s deadline for issuers is April 21, 2017. General purpose reloadable cards are excluded for both Visa and MasterCard. Effective Oct. Effective Oct.
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