| Term | Definition |
|---|---|
| Visa Issuer Monitoring Program (VIMP) |
The Visa Issuer Monitoring Program (VIMP) is an initiative intended to reduce the overall rate of fraud in the payments industry by identifying issuers that aren't taking the appropriate precautions to prevent it. An issuing bank may be enrolled in the VIMP if its ratio of fraudulent to legitimate payments exceeds 1% and the total volume of fraudulent payments exceeds $500,000. Read more >>> |
