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Saint Louis University Merchant Card Processing Policy & Procedures Overview: Policies and procedures for processing credit card transactions and properly storing credit card data physically and electronically.
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Merchant card processing policy refers to a set of guidelines and procedures that govern how merchants handle credit and debit card transactions.
All merchants who accept credit and debit card payments are required to have and file a merchant card processing policy.
Merchants can fill out their merchant card processing policy by outlining their procedures for accepting, processing, and safeguarding card payments.
The purpose of merchant card processing policy is to ensure security, accuracy, and compliance with card network rules and regulations.
Merchant card processing policy should include details on card processing equipment, data security measures, dispute resolution procedures, and compliance with PCI DSS standards.
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