Tags Archivesacquirer

Multi-Function Service Providers, What To Do? standard

Service providers have dealt with compliance-driven information security mandates for much longer than merchant’s have.  The catalyst for Visa’s CISP program was reportedly service providers, but enforcement ultimately expanded to all stakeholders.  Regardless of its origins, a certain class of service provider has significant challenges complying with these requirements without shuttering portions of their business. Let’s say that a financial service provider is processing credit card transactions as an acqurier, as well as doing issuer processing for other third-party banks.  How can the business comply with PCI if they also must store prohibited data in order to process on behalf of their issuer customers? That, my friends, is one of the big questions in the industry today. Attendees from both ...

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