Adding Value to Acquiring Bank Portfolios With Managed PCI Compliance

Gabriel Moynagh, CEO of cybersecurity firm Sysnet, explains how acquirers can replace revenue from PCI DSS penalties for non-compliance with a managed service offering that improves customer relationships and boosts merchant security.

The worldwide Payment Card Industry Data Security Standard (PCI DSS) was set up to help businesses process card payments securely and to reduce fraud. Tight controls are designed to protect the storage, transmission, and processing of cardholder data that businesses handle.

Merchants who fail to comply with the standard are exposed to non-compliance fines and may see their relationship with their acquirer termina ...