Visa defers restrictions on standing instruction MITs until further notice
For: All merchants
Effective date: To be determined
In the December 2022 issue of this newsletter, we announced Visa’s plan to delay restrictions on standing instruction merchant-initiated transactions (MITs) initiated by tokens to only credential-on-file (COF) tokens to February 2024. Visa has now deferred this plan indefinitely until further notice. We will notify you when Visa announces a new effective date.