ETA Expert Insights: PCI & Security — 5 Key Takeaways

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.

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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.