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2.5 Support of Merchant Volume Indicator Values

This document discusses Visa's expansion of support for Merchant Volume Indicator (MVI) values in transactions. Beginning in October 2023, acquirers in all regions will need to be prepared to submit valid MVI values in eligible transactions when instructed by Visa. The MVI values will help identify merchant volume thresholds defined by Visa. Testing is available for acquirers and issuers, but no activation is required. The document provides details on the mandatory technical changes, testing and activation information, and key dates.

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483 views

2.5 Support of Merchant Volume Indicator Values

This document discusses Visa's expansion of support for Merchant Volume Indicator (MVI) values in transactions. Beginning in October 2023, acquirers in all regions will need to be prepared to submit valid MVI values in eligible transactions when instructed by Visa. The MVI values will help identify merchant volume thresholds defined by Visa. Testing is available for acquirers and issuers, but no activation is required. The document provides details on the mandatory technical changes, testing and activation information, and key dates.

Uploaded by

Yasir Roni
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Article 2.

Support of Merchant Volume


Indicator Values

Elena Moliterno

©2022 Visa. All rights reserved. Visa Confidential 1


Notice of confidentiality
This presentation is furnished to you solely in your capacity as a customer of Visa Inc. and/or a
participant in the Visa payments system. By accepting this presentation, you acknowledge that the
information contained herein (the “Information”) is confidential and subject to the confidentiality
restrictions contained in Visa’s operating regulations and/or other confidentiality agreements,
which limit your use of the Information. You agree to keep the Information confidential and not to
use the Information for any purpose other than in your capacity as a customer of Visa Inc. or as a
participant in the Visa payments system. The Information may only be disseminated within your
organization on a need-to-know basis to enable your participation in the Visa payments system.
Please be advised that the Information may constitute material nonpublic information under U.S.
federal securities laws and that purchasing or selling securities of Visa Inc. while being aware of
material nonpublic information would constitute a violation of applicable U.S. federal securities
laws.

©2022 Visa. All rights reserved. Visa Confidential 2


Article 2.5
Support of Merchant Volume Indicator Values

Key Details
Regional Impact About This Change
Acquirers: Issuers: Mandatory
✓ AP ✓ AP
Testing Available
✓ Canada ✓ Canada
✓ CEMEA ✓ CEMEA No activation required
✓ Europe ✓ Europe
✓ LAC ✓ LAC Effective
✓ U.S. ✓ U.S.
1000 GMT 13 October 2023 / CPD 14 October
2023

©2022 Visa. All rights reserved. Visa Confidential 3


Article 2.5
Support of Merchant Volume Indicator Values

Business Summary
• Purpose
Values in the MVI field are used to identify merchant volume thresholds to be defined by Visa.
As announced in Article 4.1 of the April 2023 release, Visa expanded support of Merchant Volume Indicator
(MVI) in domestic, regional and interregional transactions.
With the October 2023 release, acquirers in all regions must be prepared to submit valid MVI values in
eligible VIP full financial messages and BASE II transactions when instructed by Visa.

• Benefits and Reason Why


Visa will provide acquirers with the MVI value to be submitted along with any business and processing
requirement for each applicable jurisdiction.

©2022 Visa. All rights reserved. Visa Confidential 4


Article 2.5
Support of Merchant Volume Indicator Values

Mandatory Technical Changes


— Acquirers must be prepared to submit MVI values in eligible VIP full financial messages
and BASE II in purchase, credit voucher and account funding transactions when instructed
by Visa.

— Issuers may choose to receive the MVI in full financial messages and must be aware that
MVI values may be present in BASE II transactions.

— There are no change to existing MVI processing that applies to the existing U.S. Acquirer
Fee program

©2022 Visa. All rights reserved. Visa Confidential 5


Article 2.5
Support of Merchant Volume Indicator Values

Mandatory Technical Changes (cont.)


— Merchant Volume Indicator in VIP full financial transactions
Con
Field Format Valid Values
Number
63.18 1 byte, 01 - 99
2N
4-bit BCD
(unsigned packed)

— Merchant Volume Indicator in BASE II Draft Data TCR5—Payment Service Data

Position Length Format Valid Values


78-79 2 Alphanumeric Space, 01 - 99

©2022 Visa. All rights reserved. Visa Confidential 6


Article 2.5
Support of Merchant Volume Indicator Values

Testing and Activation

— Testing
Testing is available. Use the Global Testing and Activation Questionnaire to request testing.

— Activation
Activation is not required.

©2022 Visa. All rights reserved. Visa Confidential 7


Article 2.5
Support of Merchant Volume Indicator Values

Frequently Asked Questions

©2022 Visa. All rights reserved. Visa Confidential 8


Article 2.5
Support of Merchant Volume Indicator Values

Key Points and Dates


— Starting with the October 2023 release, acquirers in all regions must be prepared to submit MVI
values in original purchase, credit voucher and account funding transaction when instructed by Visa

— Visa will provide acquirers with the MVI value along with any business and processing requirements
that must be met

©2022 Visa. All rights reserved. Visa Confidential 9


©2022 Visa. All rights reserved. Visa Confidential 10

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