PaymentsJournal
SUBSCRIBE
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
No Result
View All Result

Resellers to Focus on Solutions for PCI

Mercator Advisory Group by Mercator Advisory Group
April 4, 2011
in Analysts Coverage
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Channel Reseller News puts a unique spin on the buzz surrounding the new PCI Data Security Standard, citing the January 2012 deadline for compliance with version 2.0 as a revenue opportunity for solutions vendors and VARs that play in the security space.

“Compliance and PCI are going to be like Y2K for VARs,” Steven Harper, vice president of business development for StillSecure, a Superior, Colo.-based security vendor. “Eventually, there’s going to be more and more and more dealing with what are the compliance issues.”

The article calls out the extension of the PCI DSS process lifecycle from two years to three as the hinge upon which this opportunity turns, with vendors who can consult and upgrade client systems leading the way.

Growing awareness of the DSS among the merchant community is identified as the impetus behind client inquiries and demands of existing providers. Additionally, the article indicated that those merchants with few resources to manage PCI compliance themselves may be likely prospects for outsourcing.

Patrick Bedwell, vice president of product marketing for Fortinet, a networks security vendor, said PCI requirements have evolved and it’s becoming more of a hurdle for companies to ensure their in compliance and could pass an audit if necessary.

“The evolution of the PCI requirements over time is really making it more difficult for people in the trenches to comply,” he said. “As threats are evolving, PCI requirements are evolving with them.

And for partners, that creates the opportunity to be a valuable trusted advisor and guide clients through the PCI maze.

“It’s not about a partner parachuting in with a fix,” Bedwell said. “It’s essential for them to be up on the latest requirements.”

For its part, Fortinet offers training and certification around PCI compliance for partners and is working to ensure its cadre of security VARs are armed with updated PCI knowledge.

“What’s interesting about PCI is it’s been placed for several years and there haven’t been many penalties enforced,” he said. “That’s about to change. Time is running out and organizations have to put these mechanisms into place.”

The article also indicates that enforcement of the DSS may soon be intensified as smaller merchants begin to look more inviting to hackers and data thieves.

Click here to read more.

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily

    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Mercator Advisory Group analysts and industry professionals.

    Must Reads

    AI and Biometrics in Regulatory Compliance in Finance

    The Importance of AI and Biometrics in Regulatory Compliance in Finance

    March 23, 2023
    Everyone Benefits from the Real-Time Payment Networks  

    Everyone Benefits from the Real-Time Payment Networks  

    March 22, 2023
    commercial payments

    Optimizing Commercial Payments in the Digital Age

    March 21, 2023
    cross-border payments

    Cross-Border Payments: Fighting
    E-Commerce Fraud Using Data

    March 20, 2023
    fraud, ChatGPT-4

    How to Fight Fraud While Still Enabling a Great Online Customer Experience

    March 17, 2023
    RTP

    Financial Institutions Without an RTP Strategy Risk Being Left Behind

    March 16, 2023
    visa chargeback

    New Visa Chargeback Guidelines Will Be a Game Changer

    March 15, 2023
    liquidity management

    Liquidity Management Takes on Increasing Importance in Uncertain Economic Times

    March 14, 2023

    Linkedin-in Twitter

    Advertise With Us | About Us | Terms of Use | Privacy Policy | Subscribe
    ©2023 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    Menu
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • Recent News
    • Resources
    Menu
    • Industry Opinions
    • Recent News
    • Resources
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result

      Register to download the Ekata complimentary report: