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