In the interview, Leach discusses an industry trend in which smaller merchants are outsourcing their payment processing and PCI compliance validation to third-party organizations who have technical know-how, payment processing knowledge, and PCI compliance expertise.
[Smaller merchants are] “recognizing they don’t have a dedicated IT shop in house,” said Leach. “They don’t have dedicated security staff that can support ongoing security. What they need to do is to outsource to a service provider that has that security skill set that has that fundamental understanding of just how a payment process works.”
We at Electronic Payment Exchange (EPX) believe that Leach is right on track with his assessment. The Payment Card Industry (PCI) – an association of card issuers including Visa, MasterCard, American Express and Discover – requires all merchants that process, transmit, or store cardholder data to meet a set of Data Security Standards (DSS). Normally, achieving these standards requires an enormous investment of both time and money from merchants.
Rather than asking merchants to deal with the technical burdens and expenses of meeting the standards and building and maintaining their own credit card processing and ACH processing solutions, EPX provides hosted solutions that facilitate payment processing and help merchants reach PCI compliance.
In fact, EPX been encouraging merchants for years to outsource their payment processing and PCI compliance needs to EPX. Realizing the increased focus on PCI-compliance, EPX is revolutionizing the payments industry through the development of fully integrated payment solutions that enable merchants to efficiently, securely, and cost-effectively process credit card, debit card, stored value, and ACH payments. By incorporating our patent-pending BuyerWall™ technology into our solutions, we lead the way in helping merchants achieve PCI compliance.
Payment Processing Outsourcing Is Gaining Acceptance Among Merchants
In a recent Practical eCommerce article by Kevin Patrick Allen titled “PCI Exec Suggests Payment Outsourcing for Smaller Merchants,” Allen interviewed Troy Leach, chief technology officer of the PCI Security Standards Council.
In the interview, Leach discusses an industry trend in which smaller merchants are outsourcing their payment processing and PCI compliance validation to third-party organizations who have technical know-how, payment processing knowledge, and PCI compliance expertise.
[Smaller merchants are] “recognizing they don’t have a dedicated IT shop in house,” said Leach. “They don’t have dedicated security staff that can support ongoing security. What they need to do is to outsource to a service provider that has that security skill set that has that fundamental understanding of just how a payment process works.”
We at Electronic Payment Exchange (EPX) believe that Leach is right on track with his assessment. The Payment Card Industry (PCI) – an association of card issuers including Visa, MasterCard, American Express and Discover – requires all merchants that process, transmit, or store cardholder data to meet a set of Data Security Standards (DSS). Normally, achieving these standards requires an enormous investment of both time and money from merchants.
Rather than asking merchants to deal with the technical burdens and expenses of meeting the standards and building and maintaining their own credit card processing and ACH processing solutions, EPX provides hosted solutions that facilitate payment processing and help merchants reach PCI compliance.
In fact, EPX been encouraging merchants for years to outsource their payment processing and PCI compliance needs to EPX. Realizing the increased focus on PCI-compliance, EPX is revolutionizing the payments industry through the development of fully integrated payment solutions that enable merchants to efficiently, securely, and cost-effectively process credit card, debit card, stored value, and ACH payments. By incorporating our patent-pending BuyerWall™ technology into our solutions, we lead the way in helping merchants achieve PCI compliance.
To read the full Practical eCommerce article, see http://www.practicalecommerce.com/articles/1439-PCI-Exec-Suggests-Payment-Outsourcing-for-Smaller-Merchants.
Tags: BuyerWall, credit card processing, credit card processor, ecommerce, Electronic Payment Exchange, EPX, payment processing, payment processor, PCI compliance, PCI DSS
This entry was posted on Monday, December 14th, 2009 at 2:00 pm and is filed under EPX Commentary, Payments Industry News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.