Merchant Initiated Transactions
Are you a Retailer/Business Owner who accepts recurring payments or subscription payments or allow your end customer to save their card details for future use with you (both Debit & Credit Cards)? If you are, you need to contact your Merchant Acquirer/Merchant Services who provides you with your payments capability to check if you are fully compliant with obligatory changes coming into effect this 8th March 2022. The changes may result in you no longer being able to facilitate payments from or by your customers, pending your upgrade for the new obligatory requirements.
It is important that you check your compatibility with these changes with your Merchant Acquirer/Merchant Services as soon as possible to ensure you have continued payment capability.
