How Increased Compliance Insight Can Strengthen The VAR's Role
By Victoria Strayer, Sr. Director, Enterprise Business Compliance, TSYS
Retailers have made it clear that payment risk mitigation is one of their major concerns. They expect it to be of equal concern to you.
With transition to EMV (Europay/MasterCard/Visa) on the horizon, PCI (Payment Card Industry) and regulatory compliance initiatives ongoing, and a blossoming landscape of alternative payment channels before us, the U.S. retail payments landscape is in the throes of major evolution. Some change (i.e. EMV) is designed to mitigate merchant and consumer risk, albeit with added expense and complexity. Some (e.g. mobile payment technologies) intend to create faster, easier and more convenient payments for consumers and merchants.