From April 1, 2023, Visa is expanding the Visa Fraud Monitoring Program (VFMP) to include small ticket items and digital goods.
This will include the following MCCs:
Visa will begin to monitor fraud levels on these MCCs from April 1. If you exceed the thresholds you may receive notifications from the card scheme after this date.
The full program will become operational from October 1, 2023, when you will be liable to be issued scheme assessments if you process under these MCCs and exceed the program thresholds.
You will be notified and liable to be issued scheme assessments (fines) if you exceed all of the following thresholds from 1 October:
Visa will also provide early warning notifications from April 1 if merchants exceed the lower thresholds of:
These notifications are to help provide you with the opportunity to reduce your fraud levels before the full program with scheme assessments is implemented.