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    Capital Processing Network Creates Taxpayer ID Validation Site

    18.05.12

    PHOENIX, May 15, 2012 /PRNewswire via COMTEX/ -- Capital Processing Network today unveiled a new website designed for taxpayer identification (TIN) number validation for merchants who process credit cards. Starting January 1, 2013, new IRS regulations require TIN matching and validation, but many small businesses may not be in compliance with these rules. In creating a new website, Capital Processing Network is offering a no-cost resource that helps merchants understand the ins and outs of this requirement. The website is located at TinValidation.com, and gives insight into the many nuances of IRS Section 6050W.


    Source: MarketWatch (press release)