The new Payment Card Industry (PCI) Data Security Standard has opened a remarkable opportunity for the ISO to differentiate itself from competitors and generate new incremental revenue.
The PCI security standard is required by Visa, MasterCard, American Express, and Discover. PCI is a set of security requirements to be performed to make any merchant that collects, stores, or transmits credit card data compliant. This also includes anyone in the processing chain, including the merchant’s hosting company, payment gateway, payment processor, acquiring bank, and, in some cases, the ISO organization.
Even brick and Mortar businesses that have connections to the Internet via an email server, web server or other device that can somehow connect back to personally identifiable customer information are required to test for compliance.
Failure to do so carries severe penalties that can seriously impact the merchant’s business through stiff fines from the bankcard associations or lawsuits brought by users.
We guarantee that your customers will be compliant if they follow our recommendations.
As the trusted partner of the merchant relationship, it is your opportunity to add additional value (and make recurring revenue) by brining compliance services to your merchants.
The acquiring banks have the most pressure to get their merchants certified, and you as their sales agents can enhance your relationship by being proactive in assisting them with this enormous task.
Certification testing offers a recurring revenue stream based on an annual or multiyear contract with the merchant. They need to test their systems every quarter, every year.
ComplyGuard Networks offers a turnkey solution that requires no capital investment of any kind. We are a certified vendor with the infrastructure, technology partnerships, and world-class service to support the client.
For more information contact us at sales@complyguardnetworks.com