NEWS on Payments

Contact ICBA Bancard
Tel: 800-242-4770
Email: bancard@icba.org

Visa to discontinue Auto Rental Collision Damage Waiver and Warranty Manager

Jul 14, 2020

Effective January 31, 2021, Visa will discontinue the Auto Rental Collision Damage waiver (ARCDW) and Warranty Manager (WM) benefits as mandatory, Visa-funded benefits from the U.S. consumer credit platform except for Visa Infinite cards.

All issuers must state their intent with Visa by no later than October 1, 2020 and notify their cardholders of any changes by October 31, 2020.

All ICBA Bancard shared BINs will not continue with the ARCDW and WM benefits. If your bank shares BINs and want to keep those benefits, you must notify  2020BenefitStrategy@cbsiservices.com by October 1, 2020.