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NEWS & COMMENTARY
IRS Revises 1099K form PDF Print E-mail

The Internal Revenue Service has revised the form 1099K that merchant acquirers must use when reporting merchant card transactions, beginning in January 2012. The new form includes a box for each merchant's IRS merchant category code (MCC). The newly required code is an IRS code and is not the MCC codes used by card companies to classify merchants. A copy of the new form and a list of IRS MCCs can be found at:

 

Form 1099K

MCC List

 

PULSE Network Releases New Debit, ATM Transaction Pricing PDF Print E-mail
PULSE announced new network pricing to its participants this morning.
Following is a brief statement from the network to all affected ETA members:
"PULSE announced revisions to its network pricing on August 30, 2011. The
revisions include changes to PIN Debit and ATM pricing. All changes take
effect on the settlement day of October 1, 2011. For more information,For
more information, contact your PULSE account manager or call the PULSE
office at 800-410-2122
."
PCI Security Standards Council Offers Update On Virtualization Rules PDF Print E-mail

Virtualization, which allows a single computer to run multiple copies of an operating system or multiple operating systems in parallel, has sometimes been touted as a way to add security to systems that handle payment data, but last Fall’s release of the updated PCI Data Security Standard only touched on virtualization and left many questions unanswered.

 

Tuesday, the PCI Council’s special interest group that deals with the issue released a much welcomed “information supplement” that aims to clarify outstanding issues. The 39-page document is not officially part of PCI DSS, but its recommendations likely will  eventually be part of the rules in the future.

??More than 30 so-called participating organizations of vendors, merchants, processors, and others working with the PCI Council developed the guidelines, which do not endorse any specific technology or provider, according to the PCI Council.

 
 
COMPLIANCE LINKS & INFORMATION
 
INDUSTRY
DATA SECURITY
 
 
Visa Data Security Information
MasterCard Worldwide Data Security Rules
NACHA Rules
PCI SSC Website
PCI Data Security Standard
OCI DSS Quick Reference Guide
 
  More Industry... More Data Security...  
       
 
GOVERNMENT
ETA RESOURCES
 
 
Regulations.gov
FFIEC Retail Payments Examination Guide
Federal Reserve Payment Card Center
Risk Management Whitepaper
Data Security Whitepaper
ETA University
 
  More Government... More ETA Resources...  
       
 
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