Business Profit Strategies maintains comprehensive compliance with all applicable payment processing
regulations. This page documents our regulatory adherence and compliance certifications.
PCI DSS Compliance
Payment Card Industry Data Security Standard
- Compliance Level: Level 1 Service Provider
- Requirements Met: All 500+ PCI DSS requirements
- Last Assessment Date: January 2026
- Next Assessment: January 2027
- Validation Method: On-site assessment by Qualified Security Assessor (QSA)
FTC Data Security Compliance
Federal Trade Commission requirements for data security:
- Implementation of reasonable security measures
- Protection of consumer financial information
- Breach notification procedures compliant with FTC standards
- Staff training on data protection
IRS 1099-K Reporting
As a payment settlement entity, we comply with IRS reporting requirements:
- Annual 1099-K forms issued to merchants meeting thresholds
- Current Threshold: $600 in gross payments
- Timely filing with IRS by January 31
- Merchant copies provided by January 31
NACHA Rules Compliance (ACH)
National Automated Clearing House Association rules for electronic payments:
- Proper authorization for ACH transactions
- Data security requirements for ACH data
- Return and reversal procedures
- Annual NACHA rules audit
Card Brand Rules
Compliance with major card network operating regulations:
- Visa: Core Rules and Visa Product and Service Rules
- Mastercard: Rules for U.S. Region
- American Express: Merchant Operating Guide
- Discover: Discover Network Operating Regulations
State Licensing
Business Profit Strategies operates in compliance with state regulations:
- Idaho: Registered and operating in compliance with Idaho law
- Money transmitter licensing obtained where required
- State-specific surcharge rules followed
Key Compliance Requirements for Merchants
Merchants using our services must comply with:
- Surcharge Disclosure: Clear disclosure at point of sale and on receipts
- No Debit Surcharges: Surcharges apply only to credit cards
- State Prohibitions: No surcharging in CA, CT, ME, MA
- Recurring Payment Notice: 10-day notice for amount changes
- Receipt Requirements: Surcharge as separate line item
Compliance Questions
For compliance inquiries or documentation requests:
