Visa maintains a separate Open Banking Privacy Notice applicable in jurisdictions where open banking services are available; users in other regions are redirected to the Global Privacy Notice.
This analysis describes what Visa's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
The Open Banking Privacy Notice governs a distinct set of data practices associated with open banking services, which involve access to financial account data and third-party data sharing under regulatory frameworks that differ from standard payment card data processing.
Interpretive note: The specific data categories, sharing arrangements, and user rights in the Open Banking Privacy Notice are not summarized in this document and require review of that notice directly.
Under this provision, users accessing Visa's open banking products in eligible jurisdictions are subject to a separate privacy notice that may address data sharing with third-party financial providers, financial account access permissions, and rights specific to open banking regulatory frameworks in their region.
Cross-platform context
See how other platforms handle Open Banking Privacy Notice and similar clauses.
Compare across platforms →"Open Banking Privacy Notice (Please note open banking is only available in certain countries. If open banking is not available in your region, you will be redirected to the Visa Global Privacy Notice.)Excerpt from Visa's Privacy Notice
(1) REGULATORY LANDSCAPE: Open banking data practices engage sector-specific regulatory frameworks including PSD2 and its associated regulatory technical standards in the EEA and UK, the Consumer Financial Protection Bureau's open banking rulemaking in the U.S.
Enforcement risk, jurisdiction flags, contract triggers, and due diligence action items.
Get the research letter
Companies change their terms quietly. We read every version and catch what actually changed. One email a week on the changes that matter and what they mean.
The Open Banking Privacy Notice governs a distinct set of data practices associated with open banking services, which involve access to financial account data and third-party data sharing under regulatory frameworks that differ from standard payment card data processing.
Under this provision, users accessing Visa's open banking products in eligible jurisdictions are subject to a separate privacy notice that may address data sharing with third-party financial providers, financial account access permissions, and rights specific to open banking regulatory frameworks in their region.
No. ConductAtlas is an independent monitoring service. We are not affiliated with, endorsed by, or sponsored by Visa.