Visa has indefinitely postponed its plan to restrict standing instruction Merchant Initiated Transactions (MITs) made using digital wallets such as Apple Pay and Google Pay to network token transactions only.
Standing instruction MITs are recurring or intermittent transactions made using details stored from the initial Customer Initiated Transaction.
If you process these transaction types, this is good news, as there won’t be any disruption to your current payment flows.
Tom is the Merchant Communications leader for Checkout.com, responsible for keeping merchants aware of product changes, scheme updates, and regulations. With 12 years of payments industry experience, Tom also writes blogs on general industry topics across all the solutions we offer.
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