Payrix Policy Update: OFAC Network Control Requirements
Last year, Payrix implemented firewall-based controls to block traffic from sanctioned and high risk countries. Given the elevated threat levels currently associated with sanctioned and high risk countries, we recommend you implement similar controls as well.
In response to Russia's invasion of Ukraine, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed expansive economic measures that target the core infrastructure of the Russian financial system and major card brands have implemented similar restrictions to suspend their respective Russia operations.
Check out this article for more information. We’ve provided a recommendation for those using your own PayFrame and/or PayField or our API to evaluate your organization's ability to block traffic from sanctioned and high-risk countries related to payment technologies and email communications.
Please review the article and the references listed for next steps and additional information. If you have any questions, please reach out to your Relationship Manager.