Visa issuers will be required by October of this year to provide a transaction alert service to cardholders — but if they don't have a plan in place this week, Visa will step in with its own offering.

The Visa Purchase Alerts program gives issuers a way to comply without devoting more resources to transaction alerts. And on Friday, April 29, it will become the default option for issuers that have not selected an alternative.

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