Does anyone know the definition of "small business" as it applies to Visa Zero Liability. I know that it doesn't apply to commercial credit cards, but would a debit card issued to a corporation, clearly not a small business, be covered under Visa Zero Liability? What about non-profits that have a Visa debit card? Would VZL apply there?

I assume you are issuing business debit cards and not just issuing them out of your consumer stock? Isn't this all outlined in your business debit card agreement??

We are issuing them out of the business debit card stock. However, VZL states that it applies to small business. I'm not exactly sure how it it defines small business. If we have a corporation that claims visa zero liabiltiy, can we tell them they aren't covered because Visa Zero Liabiltiy doesn't cover corporations?

Maybe Brian C knows.

I hope so.

A small business debit card program is defined as any business that has less than $10 million in annual revenue. If you want to offer a card program to larger entities not subject to Zero Liability, you need a seperate card program with seperate terms and conditions and a seperate BIN license from VISA.

Thanks Brian I knew you would know.

My ears were ringing

Thank you very much Brian. I appreciate it.

Brian has a busy October coming up, with four BOL Learning Connect webinars scheduled relating to Regulation E and Visa or MasterCard error claims:

• October 15 - MasterCard and Reg E: Basic Debit Card Investigations
• October 16 - VISA and Reg E: Basic Debit Card Investigations
• October 22 - Advanced Visa Error Resolution
• October 23 - Advanced MasterCard Error Resolution

Brian,
Do you know what the definition of small business is for MasterCard?

Thank you!

Same as for VISA, annual revenue less than $10 Million.