MRC Communities: Final 2024 Payments Community Call Recap

As 2024 comes to a close, the final Payments Community Call of the year highlighted several important updates and trends shaping the payments industry. Here's a summary of the key topics discussed and what you need to know as we head into 2025.

Insights from EMVCo

Galit Shani-Michel from Forter shared key updates from the recent EMVCo meeting, with a focus on developments around PDS3, 3DS, and Click-to-Pay.

• 3DS Updates: For an in-depth understanding of the latest enhancements to the 3-D Secure protocol, explore the EMV® 3-D Secure Whitepaper.
• Click-to-Pay: This secure and streamlined payment method is gaining momentum globally. For more details, check out the EMV® Secure Remote Commerce overview.

These innovations signal exciting changes for merchants and payment providers as the industry continues to prioritize security and convenience.

VISA Europe Network Upgrade 2.0

One critical update from the VISA Business News (May 2024, AI13942) is the Europe Network Upgrade 2.0 initiative. Starting 18 October 2025, all acquirers in Europe must ensure their merchants support Click-to-Pay.

This update represents a significant shift, and merchants operating globally should take steps now to prepare for this requirement.

Japan’s 3DS Mandate

Starting March 2025, merchants in Japan must comply with the 3DS mandate. If you're not yet prepared, now is the time to act.

• Extensions: Some merchants have successfully negotiated extensions with their acquirers, while others are awaiting responses.
• Next Steps: Monitor this mandate closely and consult with your acquirer to ensure compliance by the deadline.

Stay tuned for further updates as more information becomes available.

Subscription Services: FTC's Click-to-Cancel Rule

The subscription services space is undergoing major changes following the FTC’s new Click-to-Cancel rule. This regulation is designed to make it easier for consumers to cancel recurring subscriptions.

Merchants offering subscription-based services should familiarize themselves with the new requirements by reviewing the FTC fact sheet. Ensuring compliance will be key to maintaining consumer trust and avoiding potential penalties.

VISA Fraud Mitigation Programs

Discussions also covered changes to VISA’s fraud mitigation programs, including the introduction of VAMP (VISA Acquirer Monitoring Program).

Here are some resources to help you stay informed:

• VAMP Overview: VISA’s new fraud chargeback monitoring program.
• Insights on VAMP: Deep dive into how it works and what it means for merchants.
• Details on VISA Acquirer Monitoring Program: Comprehensive guide to VISA’s approach to fraud management.

These updates emphasize the importance of staying proactive in managing fraud and chargeback risks.

Final Thoughts

As we prepare to enter 2025, it’s crucial for merchants and payment providers to stay informed and ahead of industry changes. From regulatory updates to technology enhancements, these developments underscore the need for adaptability and collaboration within the payments community.

Stay connected for more updates in the months ahead, and as always, feel free to reach out with questions or insights. Together, we’ll navigate these changes successfully.

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