Visa Merchant Initiated Transactions using AFTs

Account Funding Transactions (AFTs) allow cardholders to pull funds from their accounts to fund a non-merchant account. For example, to load a prepaid card, top up a wallet, or fund a person-to-person money transfer.

From April 12 this year, Visa will update their rules for Merchant Initiated Transaction use cases to support AFTs. We already support this functionality in our platform.

Example use cases

• Regular account top-ups: Cardholders can regularly load their digital wallets using card details stored on file – for example, a 50 euro top up every week
• Triggered account top-ups: Cardholders may wish to conditionally load their digital wallets based on pre-agreed instructions – for example, a 50 euro top up when their digital wallet balance hits 10 euros or less

Further reading

• What are Account Funding Transactions?
  
• Do I need to process payments as Account Funding Transactions?
  
• What are the compliance dates to switch to Account Funding Transactions?
  
• Account Funding Transaction docs