ETA Expert Insights: PCI & Security — 5 Key Takeaways
11-19-2020
ETA’s Payment Facilitator Committee meets monthly to discuss challenges and opportunities within the payment facilitator ecosystem, including industry rule updates, risk & compliance and emerging opportunities. The committee recently implemented roundtable discussions to start each meeting to allow members to hear from experts on pressing issues impacting the industry. In early October, Chris Bucolo (ControlScan) and Jim Bibles (Aperia Solutions) had an open discussion with the committee on PCI and security and considerations that payment facilitators should make when working with their merchants. The below are five key takeaways on their discussion of PCI compliance and security, and how it relates to the field of payment facilitation.
Interested in joining the committee? Applications are now open for the 2021 calendar year. Apply here.
Over the past year, we’ve also worked to harness the collective expertise of ETA and its members through our committees to help navigate industry-wide opportunities and challenges. In conjunction with ETA’s Risk, Fraud, and Security Committee, for example, the fourth edition of the ETA Guidelines on Merchant and ISO Underwriting and Risk Monitoring was released to help our members mitigate risk in U.S. card acceptance; the revised document includes updates related to COVID, e-commerce, privacy, and the FinCEN Beneficial Ownership Customer Due Diligence program. We are further expanding the work of our committees, providing forums to network and share best practices, and to demonstrate your organization’s thought leadership.
About ETA
The Electronic Transactions Association (ETA) is the world’s leading advocacy and trade association for the payments industry. Our members span the breadth of significant payments and fintech companies, from the largest incumbent players to the emerging disruptors in the U.S. and in more than a dozen countries around the world. ETA members make commerce possible by processing approximately $56.75 trillion annually in purchases and P2P payments worldwide and deploying payments innovation to merchants and consumers.
ETAs membership spans the breadth of the payments industry to include independent sales organizations (ISOs), payments networks, financial institutions, transaction processors, mobile payments products and services, payments technologies, and software providers (ISV) and hardware suppliers. For more information, visit electran.org.