Visa Update to Mobile Payment Best Practices

Visa Security Best Practices for Mobile Payment Acceptance Solutions, Version 2.0 has been released.

The previous version of the best practices was intended for two distinct audiences: vendors that develop Mobile Payment Acceptance Solutions and merchants that use these solutions. For purposes of this document, a vendor is any entity that develops Mobile Payment Acceptance Solutions, either in-house or on behalf of another organization. In this newer version, there is a third audience: Acquirers and Payment Service Providers (PSP).

Here’s a quick summary of best practices in the new section:

  1. Uniquely ID merchant transactions
  2. Restrict manual Key Entered transactions
  3. Carefully on-board and monitor merchants
  4. Use online processing
  5. Monitor for mobile payment acceptance fraud

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