Quote:
Originally posted by Shoplifter
This bit about the TMF / Match blacklist is at best a remote possibility.
I think it is entirely possible that offshore companies will be able to do as they are saying even if the USA regs forbid it. There is the letter of the law and the practical interpretation of it, and they may not be the same.
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An acquirer must query the Terminated Merchant File for each potential High-Risk Sponsored Merchant. Additionally, an acquirer must ensure that all its High-Risk IPSP's are notified of Merchants that have been disqualified from the Visa system and that Visa processing priviledges must not be extended to them.
Offshore IPSP's may not be subject to the new registration program, but they will have to open thier portfolios for the cross border implications.