General Data Protection Regulation (GDPR) 2018: The European Union’s Cross-Industry Approach to Data Protection - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jun 6, 2018--The “General Data Protection Regulation: The European Union’s Cross-Industry Approach to Data Protection” report has been added to ResearchAndMarkets.com’s offering.
Comprehensive European Union privacy rules take effect for all industries in late May 2018. The change affects all verticals including bank cards. U.S. industries must examine their customer bases to ensure they are not at risk.
The report 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. 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.
Report HighlightsComparison 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
Key Topics Covered
1 Executive Summary
2 European Payment Cards: A $500 Billion MarketPayments in the European Union: Almost Half of Noncash Payments on Cards The European Market: Population and Card Usage The Payment Services Directive: A Refresher General Data Protection Regulation Establishing Data Protection Rights Personal Data: The Crux of GDPR
3 General Data Protection Regulation Takes a Stand to Enable Personal ControlImportant Definitions Establishing Consumer Data Rights Privacy Principles Costs of Noncompliance The Data Protection Officer
4 Implications of GDPR for Your OrganizationAll Card Issuers European Card Issuers Top Issuers in the U.S. and Elsewhere Outside Europe Middle-Market Issuers and Credit Unions Card Processors and Acquirers Vendors
For more information about this report visit https://www.researchandmarkets.com/research/r2fz34/general_data?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180606005641/en/
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SOURCE: Research and Markets
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PUB: 06/06/2018 07:46 AM/DISC: 06/06/2018 07:46 AM