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In the last few years the transaction processing industry has faced troubling events that have threatened revenues and the ultimate viability and longevity of businesses. While the industry is technology driven, its roots and most common denominator exists in the highly regulated banking industry. The unique challenge is maintaining the independence, creativity and flexibility of innovative and entrepreneurial service providers while instilling some of the process, audit, legal and regulatory requirements of the banking business. The balance of these disciplines can be achieved through a series of "best practices" recommendations for the acquiring market.
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