CoolE has the right idea?
I will tell you what I know, some of you may already know this?
Visa international rules are that there can be no cross-border processing for visa transactions.
Canada and the US are in separate visa regions
Either the IPSP needs to be in Canada or the there needs to be a company presence in the US. Those are the rules
Currently, there aren?t any Canadian acquiring banks that process these types of visa transactions. We are doing everything that we can to continue to process for our customers but we need to play by the rules that VISA had set. We want to stay in the game, long term and you need to make the decisions that will enable you to do the same. We tell you what we know, as we find it out.
Our sales staff is regularly briefed on what we know as it comes in. Your best bet is to call your sales rep and discuss what your options are...If for any reason you want to talk with somebody else, feel free to email me with your questions and I will do my best to get them answered?I will probably not be around all night, though
[email protected]
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