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Payment Handler Specification: Update from the Editors 15:3016:30 March 23, 2017, Repayments WE Chicago, Illinois, USA Adam Roaching the last time we spoke Lots of terminology changes Payment App

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What is payment handler specification?

Payment handler specification is a document that outlines how payment processing will be handled and the specific requirements that must be met.

Who is required to file payment handler specification?

All businesses that handle payments are required to file a payment handler specification.

How to fill out payment handler specification?

Payment handler specification can typically be filled out online or through a paper form provided by the regulating authority.

What is the purpose of payment handler specification?

The purpose of payment handler specification is to ensure that payment processing is done in a secure and compliant manner.

What information must be reported on payment handler specification?

Information such as the types of payment methods accepted, how transactions are processed, and security measures in place must be reported on payment handler specification.

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