Friday, September 4, 2009

Unique Transaction Requirements

Unique transactions are subject to standards governing retail sales transactions except as otherwise provided here.
  • The floor limit for all unique transactions must be zero.
  • With the exception of truck stop transactions and of card-read transactions where a non-signature CVM is used, if a unique transaction is processed in a card-present environment, the cardholder must present a personal identification of the cardholder identical to that required for a cash disbursement as follows:The identification must be an official government document that has not expired and bears the customer's signature (for example, a passport, identification document, or driver's license).

    Acquiring banks should ensure that their merchants shall, to the extent allowed by applicable law, record on the face of the sales receipt:

    • A description of the identification.
    • Any serial number, expiration date, and jurisdiction of issue.
    • The name of the customer (if not the same as the embossed name).
    • The address of the customer.

    Except for card-read transactions where a non-signature CVM is used, to ensure that the cardholder's signature compares positively, the signature on the card must be compared to both of the following:

    • The cardholder's signature on the identification presented.
    • The cardholder's signature on the merchant receipt.

    If the identification has a photograph of the cardholder, the merchant must check that the person presenting the card appears to be the same person.

  • Authorization requests and clearing messages must identify the transactions as unique.

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