Take Charge Business Consulting, LLC

                     Delivering Significant and Measurable Results

Agent Registration & Compliance   

Many member banks are now relying on Agents to increase their growth and revenue opportunities with minimal costs.  This growth has led some financial institutions to shift control and responsibility for various functions.  A majority of the time the shift of responsibility also brings with it a shift in liability for losses as well. 

What the member banks do not always understand is that their liability goes much deeper than simply the losses.  There are specific guidelines that the member must ensure their agents are following.

Are you aware that members must perform a review at least once annually of each Agent to confirm ongoing compliance with the Enhanced ISO/Service Provider Risk standards document?  Pin Security Requirements Self-Audit, Non Member Registration Program Application Packet and/or Cardholder Information Security Program. 

We assist you in identity the categories of each business partner and or agent and then provided you with a list of requirements ranging from the registration requirements as well as the ongoing auditing requirements.

Members can be required by both Associations to confirm compliance with this program if it is so warranted. Fines can range up to $25,000 for each violation and could result in the  member losing their ability to solicit merchants.

Whether you are thinking of starting up a relationship or have several already ongoing we can provide services for the following:

• Registration Forms for the Associations

• Verification of PCI compliance and Self Check lists

• Compliance in Agent Agreements

• Compliance in marketing materials

• Compliance in acceptance policies

• Compliance in URL’s established by the Agent

• Compliance in identification including an onsite inspection

• Ongoing Auditing requirements

Take Charge Business Consulting is a proud supporter of Adopt A  Cat, SpayTexas, and the Charity Workshop!

Please remember to volunteer in your community!

Send mail to webmaster@tcbconsultingonline.com with questions or comments about this website.
Last modified: 06/26/09