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.
1st US Merchant Services® stays current and compliant with all regulations, and we believe our merchants should, too. To that end, we provide information on this website for easy access by merchants.
Recent regulations that directly affect our merchants include:
IRS Mandate (Section 6050W)