The incoming data protection rules apply to both data controllers (i.e. entities that determine the purpose and means of processing personal data) and data processors (entities that are responsible for processing data on behalf of a data controller — aka subcontractors).
Prescription benefit managers handle drug coverage programs for employers and health plans, processing claims on behalf of clients.
It also claimed that the regulator's interpretation of the bank's behaviour in processing transactions on behalf of Iranian clients was "incorrect as a matter of law".
"We reduce our commission because we don't need a sales force for this, and we're processing it on behalf of the carrier in a way that's less costly," Mr. Martin said, noting that he can then extract lower prices from the carriers.
The only public Choke Point action to date cracked down on North Carolina's Four Oaks Bank for processing payments on behalf of a host of undesirables: a Ponzi scheme that was busted by the Securities and Exchange Commission, online gambling agencies that settled with federal prosecutors and a horde of shady online payday lenders headquartered in places as far flung as Belize and Costa Rica.
So Lender Processing's automated system started the foreclosure process on behalf of the Wilsons' lender, even though the couple had made all their necessary payments.
The suspects are each accused of playing a role in creating, filing and processing fraudulent claims on behalf of applicants who should not have qualified for compensation.
Yahoo did not participate in the execution of the votes and was not a party to any errors which may have been made either by a voting institution or a proxy processing intermediary acting on behalf of banks, brokers and institutions".
For a loan of around €300,000, a bank's processing cost is far more than the risk premium it can earn, says Mr Reich.His solution is a Kreditfabrik (loan factory), for processing standardised loans cheaply on behalf of many banks.
In the case of Ira Rubin, he had a payment processing empire that worked on behalf of many different industries, all of which were engaged in illegal conduct," said James Davis, an attorney with the Federal Trade Commission.
