27.11.2006 - StandardPay Publishes Insiders Manual on Visa and MasterCard Regulations

MADRID, SPAIN – November 27, 2006 – StandardPay, a leading Online Payment Services Provider specializing in European Merchant Accounts and Transaction Processing, announced the publication of “MCC 5967; Taking the Mystery Out of the Code”. The publication is the culmination of StandardPay’s years of experience in the Online Transaction Processing industry and its intensive research and analysis of MasterCard and Visa regulations, particularly MCC 5967, the rule that has the greatest impact on high-risk processors and merchants.

“MCC 5967; Taking the Mystery Out of the Code” is available for download from the corporate web site to anyone, who wishes to increase his understanding of the relationships, rules, violations and punishments that are central to transacting commerce on the Internet.

Merchants will gain insight into the challenges presented when they elect to sell downloadable goods and services deemed to be in high-risk categories, such a adult entertainment, gaming and others. They will learn about their rights and responsibilities, the rules and regulations governing over them, as well as the fines and fees imposed when they or their processor breaks the rules.

“It has taken us years to accumulate the knowledge and experience needed to write this important manual. It is our sincere desire that readers use this information to successfully navigate what can be highly turbulent waters in the high-risk Internet Transaction Processing industry”, said Cathy Joseph, StandardPay’s PR spokesperson. “We’re making the publication available on StandardPay’s Website, in an effort to encourage our users to get fully educated on the important challenges they face”.

Click here to download the handbook