January 31, 2017 marked changes to security requirements for small businesses. Specifically, that’s when businesses started being required to validate PCI compliance and ensure that they’re only using qualified companies (QIRs) to install and provide tech support for POS systems.
If you process credit cards (whether face-to-face or online) you need to be fully compliant with the guidelines and regulations for credit card security and processing.
If you accept American Express (Amex) credit cards in your business, you need to meet certain requirements meant to protect your customers and your business.
As a business owner, it’s important to stay compliant when you’re accepting and processing credit card payments.
Since 2010, when Total System Services, Inc. (also known as TSYS) purchased a majority stake in First National Bank of Omaha’s merchant acquisition business, the company has been a significant player in the credit card payment processing industry. It’s one of the largest processors in the world, and offers a full range of services.
No business is exempt from an attack on their sensitive credit card customer databases by hackers and other criminals. And small businesses who might not be able to afford the latest security measures have found themselves especially targeted.
Also now called Clover Security, TransArmor is a suite of anti-fraud tools available from credit card processor Fiserv (formerly First Data.)
Address Verification Service (often referred to as AVS and sometimes Address Validation) is an anti-fraud tool offered by credit card processing companies. The tool works by comparing name and address information given by the person claiming to own the credit card to the name and address on file with the credit card company.
