In order to process credit cards, a retailer must enter into an agreement with a bank and a payment processor that will process credit card transactions on its behalf. Those agreements can be daunting and often have significant impacts on a retailer’s financial liability in the event of a data breach. Indeed, in many cases the contractual liabilities that flow from the credit card processing agreement surpasses all other financial liabilities that arises from a breach. Learn more about key contract provisions in card processing agreements here.