Welcome to the TPPPA
Payment processing is receiving a great deal of regulatory scrutiny. This is due primarily to incomplete compliance systems and the compliance gap that exists between processors and their financial institutions. This, coupled with the mercurial nature of today’s regulatory environment, makes it increasingly difficult for both parties to stay informed of their obligations and the expectations placed on them related to compliance in the complex third party space. For this very reason, we designed our Compliance Management System (CMS).
With a clear understanding of each party’s obligation to the other, and their imperative role in a healthy economy, payments integrity and excellence can be acheived through compliance.
Together, we can educate lawmakers, regulators, and the public about the important role that payment processors play in supporting small businesses, protecting consumers and contributing to a healthy economy.
Marsha Jones, AAP, NCP