Requirement of payment account references in the Europe region

VISA 01/04/2018

What’s changing?

Visa is announcing the requirement for the Europe region that each Visa PAN will be required to have a Payment Account Reference associated with it.

What does the change mean?

The PAR is a unique reference that links a PAN with all subsequent PANs tied into the same payment account (for example applicable with card replacement) and all EMV payment tokens associated with the payment account. The PAR may be used to link transactions that tie into the same account number, however used in various Visa Payment products.

Effective October 13, 2018, a PAR will be present in transactions for all regions, including Europe.

Effective September 30, 2019, European acquirers will be required to process transactions containing a PAR and must be able to deliver the same to the merchant.

How will this affect you?

No processing impact for now. Once the PAR will be supported, Payvision will update the technical integration and provide a separate merchant notification.

Effective date

  • October 13, 2018
  • September 30, 2019