Level 2 Merchants Watch Out: You May Be Next on the List to Receive a Letter from Your Acquiring Bank

Team Omega
July 25, 2013

The following News Alert came out last year: “New MasterCard Site Data Protection rules take effect on June 30, 2012 catching many Level 2 merchants unprepared. Call this old news. Regardless, Level 2 merchants are still catching up.

Here’s what’s happening this year. The focus in 2013 has shifted drastically from Level 1 to Level 2 for compliance requirements and assessment. The risk now is higher than ever before and acquiring banks are approaching merchants directly.

Read further to understand what your next steps should be.

Level 2 Merchants Watch Out: You May Be Next on the List to Receive a Letter from Your Acquiring Bank

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