Overview
Mercator Advisory Group’s latest research report, General Data Protection Regulation: The European Union’s Cross-Industry Approach to Data Protection, summarizes the specifics of the EU’s new privacy rules and risks to U.S. businesses that do not prepare for the latest EU mandates.
“Unlike the revised Payment Services Directive (PSD2), which has only a partial influence on U.S. card markets, the General Data Protection Regulation can cause non-European markets regulatory fines,” comments Brian Riley, Director, Credit Advisory Services, at Mercator Advisory Group, the author of the research report. “Keep in mind that compliance with PCI does not mean your organization satisfies GDPR’s privacy and data breach requirements. If there is even one EU citizen in your credit file, you need to ensure compliance.”
This research report contains 19 pages and 7 exhibits.
One of the exhibits included in this report:
- Comparison of U.S. and EU noncash payments
- Projected EU noncash payments in the EU market, 2013–2022
- Noncash usage in EU and population by country
- Six objectives of the General Data Protection Regulation
- Penalties for noncompliance
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