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#1379304 - 04/22/10 04:45 PM Reg. GG and Relying on Operators' Policies
manimal Offline
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manimal
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I am confused about this section of Reg. GG:

(c) For purposes of paragraph (b)(2) in this section, a participant in a designated payment system may rely on a written statement or notice by the operator of that designated payment system to its participants that states that the operator has designed or structured the system's policies and procedures for identifying and blocking or otherwise preventing or prohibiting restricted transactions to comply with the requirements of this part...

We have a processor that acts as the middle man between us and Mastercard. The processor has a product that blocks internet gambling transactions. Should we be getting statements from the processor, Mastercard, or both? Thanks in advance for any advice you can give...

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#1380571 - 04/23/10 05:04 PM Re: Reg. GG and Relying on Operators' Policies manimal
John Burnett Offline
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John Burnett
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Get it from both. The more documentation the merrier.
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#1381257 - 04/26/10 01:29 PM Re: Reg. GG and Relying on Operators' Policies John Burnett
manimal Offline
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manimal
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That is probably good advice, "merrier" being the operative word of course. Thank you!
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