Reg E Provisional Credit vs Visa Provisional Credit
Answer by David Dickinson, BOL Guru Guru Bio
Question: If we have a POS transaction with a Visa debit card, does Reg E 10 day provisional credit apply or 5 day Visa provisional credit apply. In the Visa operating regulations it states 5 for Visa but it does not apply to ATM transactions so a PIN based transaction should fall under Reg E?
Answer: If the POS transaction is processed by VISA, the 5 day rule applies. Just because it is a PIN based transaction, doesn't mean VISA didn't process it.
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