Patent ID: 8346636

Claim:
A system for tracking and reporting information related to compliance with a set of security requirements by one or more entities handling financial transaction information, the system comprising: one or more acquirer systems, each of the acquirer systems comprising a computer system having at least one database for storing information and at least one processor configured to: process information related to a plurality of financial transactions for entities involved in the transaction, and execute an extraction process, wherein the extraction process: monitors the information related to the plurality of financial transactions processed by the acquirer system, determines a subset of information from the information is relevant to one or more entities' compliance with a set of security requirements imposed on those entities: extracts the subset of information, and sends the subset of information to a tracking and reporting system communicatively coupled with each of the acquirer systems; and wherein the tracking and reporting system comprises a computer having a processor and a central data repository configured to maintain the information related to the plurality of financial transactions and the compliance information, and wherein the processor is configured to: collect the subset of information, collect compliance information from the entities involved in the transaction, the compliance information for each entity indicating that entity's compliance with the set of security requirements imposed on that entity for securing financial transaction information, generate one or more reports based on the information related to the plurality of financial transactions and the compliance information, determine whether the subset of information corresponds to an entity registered with the tracking and reporting system, and write the subset of information to the central data repository in response to determining the subset of information corresponds to an entity registered with the tracking and reporting system.