If a retailer accepts a national credit card such as Visa, the retailer must maintain detailed records of customer accounts.

Question

Quizplus · Accepted Answer

While retailers do need to maintain basic transaction records for Visa and other credit card purchases, they do not need to keep detailed records of individual customer accounts. The responsibility for maintaining and managing individual credit card accounts rests with the credit card issuer and the cardholder.

If a Retailer Accepts a National Credit Card Such as Visa