Payment Processing Industry Regulations

Electronic payment processing is a highly regulated industry, which is to be expected since it deals in sensitive and private personal financial information. The goal of these regulations is to protect all parties involved in electronic transactions — cardholders, merchants, processors and the issuing banks — from identity theft and fraud.  

Industry Regulations

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Payment Processing Industry Regulations

Electronic payment processing is a highly regulated industry, which is to be expected since it deals in sensitive and private personal financial information. The goal of these regulations is to protect all parties involved in electronic transactions — cardholders, merchants, processors and the issuing banks — from identity theft and fraud. 

TSYS® stays current and compliant with all regulations, and we believe our merchants should, too. To that end, we provide information for merchants on this website that is easily accessible.

Regulations That Directly Affect Our Merchants Include:

IRS Mandate (Section 6050W)

Merchants are required to report their annual gross payment card transactions processed by credit, debit or co-branded cards and third-party network transactions to their merchant services providers, who pass the information along to the IRS.

Durbin Amendment

Rules have been implemented that lower the debit card interchange fees the Visa® and Mastercard® networks charge merchants.

PCI Compliance 

The Payment Card Industry Data Security Standard (PCI DSS) encompasses a set of requirements that help to ensure that all merchants who process, store or transmit credit card information maintain a secure transaction environment.

 

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Merchant Services

For Merchant Sales:
+1.888.845.9457


For Merchant Support:
+1.800.654.9256
or customersupport@tsys.com


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