Posted By: lpramey67
PIN-LESS TRANSACTIONS NOT PROTECTED - 08/08/13 02:48 PM
A customer presented a notice from their credit union that states the following:
"Visa USA Operating regulations require the Credit Union to notify you of the following: If you participate in STAR Bill Payment or other PIN-less debit transactions using your *****Credit Union Visa Debit Card, your transaction is considered a "non-Visa" transaction and may not receive Visa-associated protections and benefits. You should refer all STAR Bill Payment or other PIN-less debit transaction disputes to your biller rather than Visa."
Can anyone offer any insight on this? Are they doing this to prompt customers to run their transactions as debits so they can collect an exchange fee? Is this allowed?
"Visa USA Operating regulations require the Credit Union to notify you of the following: If you participate in STAR Bill Payment or other PIN-less debit transactions using your *****Credit Union Visa Debit Card, your transaction is considered a "non-Visa" transaction and may not receive Visa-associated protections and benefits. You should refer all STAR Bill Payment or other PIN-less debit transaction disputes to your biller rather than Visa."
Can anyone offer any insight on this? Are they doing this to prompt customers to run their transactions as debits so they can collect an exchange fee? Is this allowed?