Q. Why is SAS70 Type 2 Certification Important (http://en.wikipedia.org/wiki/SAS70)
In a practical use case scenario, when you are audited, if your service provider is NOT SAS70, you will then have to pay your auditors the roughly $10k to audit each service provider.
Net/net - SAS70 Type 2 in conjunction with PCI Compliance are the highest standards you will want to see for a service provider in the Billing, Virtual Storefront & Customer Life Cycle Management fields.
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