Please add features to help adhere to new Visa and Mastercard Stored Credential Transaction framework.
The information must be clearly displayed at the time the cardholder gives consent, and when capturing a stored credential for the first time, we need to establish an agreement with the cardholder. This is where the checkbox or I accept button come in. We need to present the cardholder with:
- Truncated card number
How cardholders are notified of changes to the agreement
How the stored credentials will be used
If the agreement expires – and if so, when it does
If the transaction is recurring, the fixed dates or intervals on which the card will be processed