PayWeb 2 v.1.4.1 is now available in production. The purpose of this release is to introduce one enhancement (Card Filtering by Brand) and one functional changes (Account Use Preference Prompt).
Card Filtering by Brand
Card Filtering by Brand is an enhancement to PaymentVision’s Card Filtering feature that enables it to be configured at the brand level.
What is Card Filtering?
Card Filtering is a feature that enables merchants to enforce card acceptance restrictions by type (debit, credit) and issuing bank.
While Card Filtering enabled merchants to enforce card acceptance restrictions by type prior to this release, what’s new is merchants can now establish those restrictions at the brand level (e.g.; Visa, MasterCard, Discover, American Express).
How it Works?
- When a customer adds a card to their wallet, PayWeb 2 first validates the card number
- If the card number is valid, PayWeb 2 looks up the BIN
- Payweb 2 then takes the result and checks it against the merchant’s Card Filtering configuration
- If the card type is restricted for the card brand, PayWeb 2 presents an error message
Card Filtering by Brand helps merchants who collect or refinance existing debt to comply with Visa rule 220.127.116.11. Under Visa rule 18.104.22.168, merchants who collect or refinance existing debt are required to register as a Limited Acceptance Merchant, a designation which limits acceptance to Visa debit cards only.
Financial Account Storage Preference
Financial Account Storage Preference is a feature introduced as part of our Wallet Management release that enables a user to specify how they would like a financial account to be stored within the system. As part of this release, we are changing the text used to prompt the customer for their preference in order to avoid any confusion as it relates to previously scheduled payments.
BEFORE AND AFTER
|Before||Would you like to save your account for future payments?|
|After||Credit Card: Would you like to save this credit card to your account? Bank Account: Would you like to save this bank account to your account?|