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CoverStory

scrutiny of DOJ investigations. Under the guidelines, for withstand the scrutiny of state and federal regulators.
example, an ISO/acquirer that boards a rogue merchant
found to be defrauding customers could face investigation uRISQ is available to acquirers and ISOs as an in-house
and stiff fines if prosecutors believe the merchant gained tool as well as a private-label, value-added service they
access to payment processing because the acquirer/ISO can resell to merchants. The real opportunity is in resell-
vetting process was not "adequate and effective," Eazell ing, Federgreen noted. CSR offers the bundle for a flat
said. "You don't have to be perfect, but you have to at least monthly fee, which ISOs and MLSs can sell to merchants
show that you're doing everything in your power to show at a handsome markup. "It's an excellent way to boost re-
that you acted in good faith," Dunn added. curring monthly revenues, and portfolio valuations," he
said.
New breed of fintech: compliance focused

ComplyPact and CSR are two of a new breed of financial ComplyPact offers similar revenue opportunities for ac-
technology providers focused on helping acquirers, their quirers and their sales partners that resell the ComplyPact
sales partners and their merchants not get caught off guard corporate compliance management system; monthly ser-
by the ramifications of data breaches or other fraudulent vice fees are split with the selling ISO, Easzell said. The
activities. According to Dunn, these companies "can help system incorporates a comprehensive set of online tools—
guide businesses through all the things they need to do like training and compliance manuals, metrics and report-
to become compliant and to react when there's a breach or ing—which merchants use to create a "provable culture of
fraud incident." compliance" that will pass muster with law enforcement
and regulators, he added.
CSR offers a bundle of services it calls uRISQ that includes
comprehensive threat scans of merchant websites and fire- "There are not a lot of attorneys that can help once you get
walls with detailed reporting, and 24/7 access to a team slapped with an injunction and threatened with fines and
of experts who guide merchants through the regulatory jail time," Eazell added.
reporting process should they get breached. Also includ- Patti Murphy is senior editor at The Green Sheet and self-described
ed are access to online tools and resources companies can payments maven of the fourth estate. Follow her on Twitter @GS_
use to implement privacy policies and programs that will PayMaven.

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