It wants to adhere to Visa?

It wishes to adopt products Visa and to offer to his clients these cards with additional benefits? This section explains the procedure that there is to follow to adhere to Visa.

The Acquisition,

Visa is an association of financial organizations worldwide. When member adhering as of Europe Visa, a financial organization acquires the right to emit cards Visa and the possibility of developing relations with commercial partners. Visa does not emit cards nor is implied in the scope of the purchases. All the activities related to cards and the purchases concern to the adhered organizations. Some banks trust to suppliers of services the contacts with their adhered partners. This does not authorize to these suppliers to formalize contracts with the commerce nor to take part in the transactions Visa. The adhered organizations must fulfill the norms stipulated by Europe Visa in the matter of emission of cards and affiliation of acceptance points. Europe visa supervises the fulfillment of these norms.

Observation:

Until the 30 of June of 2006, the 20,000 member financial Visa organizations had emitted 1,400 million cards that can be used in near 24 million points of sale anywhere in the world.

Acquisition:

By acquisition the formalization of a contract between a banking organization and a commerce, department store, a travel agency, etc. is understood retail by which the acceptance of credit cards is in force. This contract only can be celebrated enters the commerce and its bank. In other words, Europe Visa does not take part within the framework in any case in these agreements. This means that the commerce is client of its bank and not of Europe Visa. Therefore, the contract of card acceptance Visa can only be formalized with a member financial Visa organization.

Content of the contract

The contract formalized by the commerce and the financial organization regulates all the details regarding the acceptance of cards Visa. Between these essential points, they are included:

• The discount decided (commission paid by the commerce)
• To have of associated diligence to the card acceptance Visa
• Verification of the company/signature, including for the transactions online
• Request of payment authorization, in necessary case
• The benefits of services of the contractors
• The duration of the contract
• The rescission advance warning

Rights and duties of the commerce

The commercial establishment that has formalized a contract of card acceptance Visa can use the mark Visa in accordance with the norms established by Visa. Therefore, the commerce is commited to accept all the cards Visa in accordance with the obligations that are stipulated in their contract. Also, the adhered commerce has the obligation to indicate of visible form, to the holders of cards, the acceptance of cards Visa in box or its showcase.