Financial Institutions Prefer Clearent’s Approach to PCI

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Clearent simplifies PCI compliance for financial institutions and merchants.

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Many of our merchants are small – they need a PCI program that's simple and affordable. Clearent's program is just that. We like Clearent's philosophy of not charging fees to merchants who complete their questionnaire.

Compliance with the Payment Card Industry (PCI) Data Security Standard (DSS) is frustrating for merchants and can be a major headache for financial institutions. The time and effort required to help merchants comply with the PCI DSS is often much larger than anticipated, especially when the time needed to support merchants throughout the entire process is considered.

The key to Clearent’s program is keeping it quick and simple for both merchants and financial institutions. Through an intuitive web-based system, Clearent’s program makes it easy for merchants to complete their self-assessment questionnaires and relieves financial institutions of this responsibility.

Another common practice in the payments industry is for processors to impose hefty PCI fees with questionable benefit to the merchant, oftentimes resulting in significant attrition within a financial institution’s portfolio. Unlike other processors, Clearent’s PCI program is unique in that it can be free to merchants and hassle-free to financial institutions.

The three cornerstones of Clearent’s program – awareness, education and support – speak to its approach to PCI. Clearent developed customized questionnaires designed especially for level 4 merchants so they can understand their level of risk. The questionnaires take minutes – not hours – to complete and merchants instantly learn their compliance status and receive actionable tips to help minimize PCI-related risk.

Their PCI program has been key in several of Clearent’s recent signings of new financial institution partners. One partner drawn to Clearent because of its PCI program is Central Bancompany, who has a portfolio of 4,000 merchants. Crystal Wagner, Merchant Services Manager with Central Bancompany stated, “Many of our merchants are small – they need a PCI program that’s simple and affordable. Clearent’s program is just that. We like Clearent’s philosophy of not charging fees to merchants who complete their questionnaire.”

Clearent’s PCI questionnaires are located within Compass, Clearent’s online management tool. Compass provides merchants with tips for safeguarding their business and also gives merchants quick access to their questionnaire results, along with other critical data about their merchant services program.

“Because Clearent delivers a PCI program that is easy-to-understand and tailored to level 4 merchants, we are well positioned to support financial institutions and their customers throughout the entire PCI compliance process,” said Dan Geraty, CEO of Clearent.

About Clearent
Clearent is a payment processor whose proprietary technology and responsive support enable financial institutions, ISOs and merchants to maximize the value of their merchant services program. Clearent’s intuitive, web-based systems are simple to use and provide at-a-glance business intelligence not available from other providers. To learn more, visit or call 866.205.4721.


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Shannon Kohler
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