Visa Has Approved Alchemy Pay As An Official Service Provider For Cryptocurrency Purchase In 173 Countries
Alchemy Pay, a blockchain payment system, has formally announced that Visa has classified it as an official service provider and that it has been added to Visa’s third-party agent (TPA) program.the Payment Card Industry Data Security Standard (PCI DSS), and other applicable security standards.
TPAs are agents who are not directly connected to VisaNet but provide payment-related services to customers and/or store, process, or transmit Visa cardholder data. All organizations offering solicitation activities, managed services, and/or storing, processing, or sending cardholder data for clients must register as agents (or on behalf of their merchants or agents). The customers must conduct due diligence checks to verify that they understand the agent’s business model, financial condition, background, and PCI DSS compliance status.
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