Tag: PCI DSS

Do Payment Facilitators Have to Be PCI Compliant?

Data security is a critical component of the work that payment facilitators do. Proper management of sensitive data is an essential responsibility for anyone enabling access to the payments system. So every payment facilitator needs to understand the role that PCI compliance plays in their overall risk management efforts.

Payment Facilitator vs. Payment Processor. What’s the Difference?

There are many players involved in the acceptance of card and mobile payments. Among them, payment facilitators and payment processors. Both of these entities help enable payments acceptance. So, what’s the difference?

Keys to PCI Success for Payment Facilitators

PaymentFacilitator partner Infinicept just published an article that tackles the topic of PCI compliance as it relates to payment facilitators. Included are some key highlights.

Appeals Court Ruling Has Implications for Submerchant Contracts

An appeals court ruling earlier this year sheds light on the importance of submerchant contracts and what they tell payment facilitators about their rights and obligations

Very Good Security Raises $35 Million to Support “Zero Data” Approach

Data security company Very Good Security announced recently that it has raised $35 million in a series B funding round.

ControlScan and FIS: Collaborating on Behalf of PFs

Compliance solutions provider ControlScan and processor FIS have come together in an effort to streamline PCI compliance for payment facilitators.

Payment Facilitators and PCI: “Everybody Has to Start Somewhere”

An organization’s PCI scope – the components of its business that need to be included in an assessment – can have a dramatic impact on the costs for that company to comply with the security standard’s requirements. According to Chris Bucolo, that’s the fundamental reason payment facilitators need to “engage early.”

PCI and Payment Facilitation: What are PFs Responsible For?

Companies that choose to integrate payments into their B2B software offerings must consider risk from a number of perspectives. This week, we report on some of the fundamental issues and decision points behind payment facilitators’ relationship with the industry data security standard.

Payment Facilitators and Liability: With Flexibility Comes Card Scheme Responsibility

The last two years have seen a surge of companies moving into the payment facilitator space. That in itself is not surprising. Becoming a payment facilitator offers tremendous flexibility and value for ISVs and VARs. With that flexibility, though, comes potentially significant liability