As liaisons between merchants and acquiring banks, payment facilitators (PFs) are an important component of the payments chain. Many small and micro merchants gravitate to PFs for assistance with accepting their customers’ card payments in a cost-effective way.
Of course, the payment facilitator’s role in the payments chain places them in harm’s way when it comes to Payment Card Industry (PCI) compliance risk. Specifically, the PF is responsible for managing this risk in several ways.
I was recently asked to share my thoughts on payment facilitators and PCI. Specifically, which aspects of PCI compliance are most critical to the PF and their submerchants, as well as how PFs can get on top of their PCI scoping.
The article “PCI Compliance for Payment Facilitators,” published by Infinicept, contains my comments and much more. If you’re looking to build your knowledge on payment facilitators and PCI, this is an excellent starting point.
PCI compliance is an important part of your business’s risk management strategy, but it’s not the only reason to get informed and act. Your payment facilitation business can thrive under PCI; in fact, you can leverage the PCI Data Security Standard (DSS) to differentiate yourself from competitors.
Learn more about how PCI applies to your business and how you can benefit from it. Click here to read the full article.