FORT WORTH, Texas, February 21, 2019
First American Payment Systems has been named an early adopter of the Self-Regulation Program (SRP), sponsored by the Electronic Transactions Association. This SRP distinction signifies the payment processor’s rigorous commitment to risk management protocols, particularly in the area of underwriting. First American is one of only five organizations to achieve SRP certification to date.
According to ETA, this program provides ISOs, payment facilitators and acquirers the ability to demonstrate a deep commitment to industry self-regulation. The ETA SRP seeks to improve security and reduce risk in the payments industry by identifying and acknowledging underwriters who have a critical understanding of the key components essential to mitigate instances of abuse to consumers in the payments system.
“The ETA Self-Regulation Program is another great step from the ETA to continue to hold our industry to the highest standards,” said Brian Dorchester, First American’s EVP of Operations. “This recognition from ETA demonstrates First American’s continued commitment to operational excellence.”
“ETA’s Self-Regulation Program affirms the diligence that First American brings to every aspect of our risk management process,” said Neil Randel, CEO of First American Payment Systems and a member of the ETA Board of Directors. “These guidelines are a direct outcome of the Association’s Risk, Fraud & Security Committee, and give our industry a clear and consistent set of policies for underwriting and risk management. I encourage fellow payments providers to apply for their ETA Self-Regulation designation.”
To learn more about ETA’s Self-Regulation Program, including how your organization can participate, visit https://www.electran.org/industry-affairs/srp-eta-self-regulation-program/.