Panelists included industry processing authorities Cathy Beardsley, Segpay/CommerceGate/DHD, Mitch Farber, Netbilling, Steve Bryson, OrbitalPay, Dennis DelaRosa, OnlineIPS.net and Doug Wickes of CCBill.
The discussion focused on recent new VISA rule enforcement emphasis, guidance on compliance issues and understanding of the regulations faced by merchants every day.
Among others, CamWorld.com CEO Daniel Hogue addressed panelists with probing questions eliciting detailed answers to specific compliance requirements across programs and sites testing the depths of the combined panelists’ knowledge.
Topics covered included internal and external cross sale limits and exclusions, affects on merchant account holders versus those using third party processors, differences between Visa and MasterCard on all topics, content guidelines and monitoring, history and significance of the Visa regions, descriptors, scrubbing, intentional and unintentional questionable billing practices, common merchant mistakes, suspicious activity and freezing of funds.
The bottom line was a mostly positive future outlook from a particularly well informed group delivering the real goods without hedging.