I wondered if one of you would know where I could turn to confirm Visa Inc. and MasterCard Worldwide rules and regulations pertaining to agents using their company logos on documents such as equipment fliers. I realize all payment processing documents must have verbiage similar to the following:
ABC Co. is an agent office of the XYZ Corp. a registered ISO/MSP for First Bank of Omaha, Omaha, Neb.
But in this example, would Visa and MasterCard require XYZ's logo to be on the documents as well? Thank you for any help you may provide.
GRI Financial Services
It is our opinion that you must do business under the name of the registered ISO your company represents and that all of your collateral material must be in the name of the registered entity - not in your business name alone or in both your business name and the registered ISO's name.
This issue was addressed by Jared Isaacman, Chief Executive Officer of United Bank Card Inc. in "Card Association compliance: A reality check," The Green Sheet, March 12, 2007, issue 07:03:01. We recommend reading the entire article, but the following excerpt from a segment addressing five common misconceptions pertaining to compliance with Visa and MasterCard rules is especially appropriate:
We hope this helps you in deciding what to include in your marketing materials. Please let us know if we can be of further help.
Would you like us to cover a particular topic? Is there someone you consider an Industry Leader? Did you like or dislike a recent article in The Green Sheet?
What do you think of our latest GSQ? E-mail your comments and feedback to email@example.com or call us at 800-757-4441.
The Green Sheet Inc. is now a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals. Click here for more information.
Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.Prev Next