***The following copy has been extracted from Visa Core Rules and Visa Product Service Rules (October 13, 2018).***
Visa monitors merchants that generate an excessive level of fraud through the Visa Fraud Monitoring Program (VFMP). Visa will identify a merchant under the VFMP standard program if it meets or exceeds any of the following monthly program thresholds:
- Both:
– USD 75,000 fraud amount
– 1% fraud-dollar-to-sales-dollar ratio
- Effective through 31 October 2020 In the US Region: For domestic counterfeit Automated Fuel Dispenser Transactions, both:
– USD 10,000 in US Issuer-reported counterfeit fraud in the previous calendar month
– 0.20% counterfeit fraud-dollar-to-sales-dollar ratio in the previous calendar month
- Effective 1 October 2018 In the US Region: For domestic Verified by Visa Transactions, both:
– USD 7,500 in US Issuer-reported fraud in the previous calendar month
– 0.75% fraud-dollar-to-sales-dollar ratio in the previous calendar month