Mar 18, 2013 Dave King
When it comes to the battle against identity fraud, prepaid technologies, such as ACH cards, are not falling far behind their credit and debit counterparts. Card Compliant was recently recognized at the Annual Prepaid Expo by Paybefore for its efforts to make transactions more secure for both merchants and consumers.
Card Compliant supplies prepaid card providers with a leg-up when it comes to PCI compliance. Using its set of solutions, the company finds areas where those in the prepaid card industry can improve their adherence to regulatory policies.
"As the regulatory environment becomes more complex, we will continue to see increased demand for deep industry expertise paired with technology solutions that deliver operational results," said Phillip Rouse, chairman and chief architect of technology-enabled prepaid card compliance solutions provider Card Compliant.
When these businesses meet established standards, they have a better chance of avoiding potential negative effects of implementing electronic payments like ACH cards and other prepaid options. According to the PCI Security Standards Council, not only do vendors endanger their customers by neglecting industry policies, but they put themselves at risk of lawsuits, fines and loss of reputation.