According to card association data, restaurants make up over 40% of all incidents where a criminal gained unauthorized access to credit card information. Other studies put that number as high as 62%. That is more than any other business segment, including internet merchants.
Kansas City, MO (PRWEB) September 7, 2007
BankCard Central , an international merchant services and payment solutions provider, has announced a partnership with Restaurantpartner.com. The partnership is designed to bring awareness to the growing risk of credit card fraud and identity theft currently present in the restaurant industry. Their goal is to help protect restaurants from the financial and reputational dangers of this rapidly growing concern.
Restaurantpartner.com founder, Monty Lockyear, points to commonly unknown statistics as a motivator to form this partnership. “According to card association data, restaurants make up over 40% of all incidents where a criminal gained unauthorized access to credit card information. Other studies put that number as high as 62%. That is more than any other business segment, including internet merchants.”
The two companies plan to start with an awareness campaign geared to educate restaurant owners and managers. Topics that will be covered include hiring practices to screen out potential criminals, best practices for protecting cardholder data, choosing terminals and POS systems that don’t store cardholder data, updates on pending state legislation and complete interpretation of compliance regulations mandated by the card associations referred to as PCIDSS (Payment Card Industry Data Security Standards).
“Most restaurateurs aren’t aware of the liability that comes with accepting credit cards. If they are ever compromised by an employee skimming cards or a hacker who infiltrates their POS system, they can face fines in excess of $100,000 and a very damaging public image,” said Lockyear. “By working with BankCard Central, we hope to provide information and resources that restaurants can easily understand and put into practice.”
To read more on credit card fraud, protecting cardholder data and PCI compliance in the restaurant industry go to recent article by restaurantpartner.com entitled “Restaurants and Credit Cards – A Dangerous Combination”. This is the first of many informational resources available from BankCard Central and Restaurantpartner.com.
Restaurantpartner.com is a membership based website offering marketing services, an online restaurant resource center and national account pricing from a network of preferred service providers. Their proprietary Marketing Office provides members a suite of web enabled marketing tools featuring a direct mail center, email builder, print shop, marketing planner and market analyzer. Restaurnatpartner.com is owned by Lockyear Holdings, LLC and exclusively marketed by Silver Stream Marketing, both based in Kansas City, Missouri.
About BankCard Central
BankCard Central specializes in providing end-to-end payment processing solutions to merchants of all sizes and business types. Established in 1992, BankCard Central has grown to be an internationally recognized payment service provider with unique capabilities in underwriting, risk management and technology including their own secure payment gateway. BankCard Central is a wholly owned subsidiary of BCC Enterprises based in Kansas City, Missouri.
Silver Stream Marketing