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BRIEF-Visa modifies policies on debit routing
November 22, 2016 / 1:12 PM / in a year

BRIEF-Visa modifies policies on debit routing

Nov 22 (Reuters) - Visa Inc :

* Visa modifies policies on debit routing

* Visa Inc - modifications and clarifications follow new guidance recently issued from federal reserve and address a federal trade commission inquiry

* Visa Inc - providing additional clarification that merchants can use common debit aid exclusively to route u.s. Debit transactions if they choose

* Visa Inc - merchants are also not required to ask cardholder to choose aid or network for processing debit transactions

* Visa Inc - merchants can continue to automatically ask, or prompt, a Visa cardholder to enter a pin on in-person transactions Source text for Eikon: Further company coverage:

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