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ReadersSpeak
How will the GDPR such are on top of this. But I don't
do any international business right
affect my business? now – although I might at some
point. What do I need to know? Do
you have any information or articles
on this?
've heard the European Union's General Data Protection Regulation is Jamie Drake
going into effect soon, and I'm wondering how it's going to impact the Payment Professional
payments industry here in the United States in general, and my business
I in particular. I know the big players have had to prepare for this. I expect You are correct. The GDPR, a new
the major acquirers and the ones who specialize in cross-border payments and European Union privacy and protec-
tion regime, is going into effect on
May 25, 2018. The last news story we
published on this reported on study
results that indicated most compa-
Maybe we need to rethink this race to the bottom...
nies may not be ready by the time the
new regulations go into effect. Titled
"Prep sluggish for GDPR deadline,
study finds," the article can be found
at www.greensheet.com/breakingnews.
php?flag=breaking_news&id=1869.
Industry experts from CSR Profes-
sional Services also collaborated on
two articles for our Education sec-
tion that delve into the ramifications
of the GDPR, as follows:
• "Think PII, not just PCI," by
Fran Sachs and Ross Feder-
green, The Green Sheet, June 27,
2016, issue 16:06:02, www.green-
sheet.com/emagazine.php?story_
id=4979&search_string=GDPR
• "GDPR's right to be forgotten
Tired of being promised the kitchen sink to find yourself circling the drain? impacts all business," by Lori
Schrameck and Celine Rodri-
Let’s be realistic. We’re tired of seeing others’ impossible promises, guez, The Green Sheet, Oct. 24,
because in the end, we know it’s all hype. 2016, issue 16:10:02, www.green-
We don’t do wake up calls, but we’ll throw in some business cards! sheet.com/emagazine.php?story_
id=5140&search_string=GDPR
The Merchant Store Promise:
• 65 - 80% commission Given that the GDPR has implica-
• Transaction fees: 2 - 5 cents! tions beyond European Union states
• $1.00 - $4.50 statement fees! and that it is going into effect short-
• Up-front cash! ly, we will also publish news in the
• True revenue sharing! coming weeks on this major effort to
• Wholesale equipment pricing! protect personally identifiable infor-
• Terminal and POS placement options! mation in our digital age.
• And, one-on-one support, when and how you need it!
Have your say
Real partner solutions for real agents! Is there an industry trend you'd like
To setup your custom agent program, to comment on? How about a new
TheMerchantStore Contact us at: 844.898.2884 development that most people don't
Minding your business or Visit our website: MsiAgents.com know about yet? Or a new business
model or product or service that re-
LIFETIME RESIDUALS :: UP-FRONT CASH :: WHOLESALE EQUIPMENT ally excites you? Tell us about it via
email to greensheet@greensheet.com.
Merchant Store Inc. is a registered ISO/MSP of: Deutsche Bank AG; New York, New York; We look forward to hearing from
and Wells Fargo Bank, N.A., Walnut Creek, CA. American Express may require separate approval.
you.
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