On July 15, 2022, Mastercard revised their standards for processing Credential On File (COF) transactions in Hungary.
If you store cardholders’ credentials for ease of checkout, you must make sure that the appropriate stored credential identifiers are sent in the transaction message. You also must capture your customers’ consent to store their credentials whilst following the data storage requirements.
The revision to the COF rules in Hungary mean that you must:
If you do not meet these requirements, Mastercard will start assessing compliance fines from January 1, 2023.