VDP capabilities, and by extension our contracts, cater to a wide range of institutions – from issuers and acquirers, to processors and FinTechs. However, for many capabilities that do utilize transaction data, for example, Visa may require a Financial Institution (FI) to execute our VDP API Agreement. FinTechs may either contract directly with Visa or be designated as authorized third party agents of such FI depending on the solution architecture.
The general nature of terms and conditions discussed above is similar for most countries and markets around the world; however, particularities such as local laws and regulations or business processes might necessitate certain localizations. Visa may at times implement or require more stringent controls than those legally required in a jurisdiction, for reasons such as to help protect sensitive personal and financial information.
You can request the VDP API agreement either through your Visa representative or send email to email@example.com for next steps. We will then aim to provide a solutions architect to work with you to help determine whether our capabilities will be suitable for your use case and provide a VDP API Agreement customized for the relevant capabilities. Once you are ready to execute, Visa will provide the VDP API Agreement for electronic signatures.
Many of our clients choose to include additional capabilities after the initial VDP API Agreement has been executed. To streamline this process, VDP requires only an Addendum to the existing VDP API Agreement, outlining the new capabilities and any new product specific terms and pricing. The Addendum solution is intended as a practicable and fast way to execution and aims to streamline the process.
Please note that this information does not constitute a promise of a specific Commercialization structure, as each request for promotion to production needs to be assessed on an individual basis. If you have further questions about our Commercialization process, please email us at firstname.lastname@example.org or contact your Visa Account Executive/Manager, and one of our team members will reach out to you.