DENVER (PRWEB) August 23, 2018 -- Double Diamond Group and Rich Consulting announce a strategic partnership with ControlScan to help ensure data security within the payment facilitator ecosystem.
Double Diamond Group and Rich Consulting help to simplify the process of becoming a payment facilitator, which often involves implementing strong risk management, compliance, and underwriting policies and procedures. As the safety and security of the entire payments system is of vital importance, offering trusted guidance for PCI compliance has never been more important.
ControlScan, a leader in managed security and compliance solutions that help secure networks and protect payment card data, will offer a complementary PCI DSS consultation to Double Diamond Group and Rich Consulting clients. In the payment facilitator ecosystem, compliance with the Payment Card Industry Data Security Standard (PCI DSS) is required of the payment facilitator as well as their sub-merchants.
During the ControlScan consultation, clients will talk with a PCI Qualified Security Assessor (QSA) to understand their business’s unique scope of compliance as well as ways they can more quickly and easily achieve compliance. ControlScan will also provide guidance on the risk associated with the unique processing environment(s) being implemented (or contemplated) by the payment facilitator.
ControlScan notes that identifying payment facilitators’ potential for PCI scope reduction up-front helps demystify the compliance process as well as reduce fear and uncertainty surrounding payment security in general. In recent consulting engagements, ControlScan has helped payment facilitators achieve a PCI scope reduction of as much as 96%.
In addition to the consultation, Double Diamond Group and Rich Consulting clients can leverage the ControlScan partnership to become a Level 1 PCI Compliant Service Provider, implement a PCI program across their sub-merchant base, and more. Payment facilitators can also choose a combination program of PCI and security best practices, or just security best practices, based on their risk environment.
“The payment facilitator ecosystem continues to grow exponentially. It is estimated that payment facilitators will generate more than half a trillion dollars in gross payment volume (GPV) by 2021, representing $4.4 billion in their net revenue,” said Todd Ablowitz, Chief Executive Officer and Founder of Double Diamond Group. “Having a strategic partnership with ControlScan and being able to offer their world-class PCI compliance services to our client base is a huge win and will be an incredible value for our clients.”
“Protecting the payment facilitator ecosystem from the bad guys is all of our responsibility especially protecting credit and debit card information, and PCI compliance is a big component of that protection,” said Deana Rich, Chief Executive Officer and Founder of Rich Consulting.
“PCI compliance is a necessity, but it’s not always straightforward for payment facilitators and their sub-merchants,” said Chris Bucolo, Vice President of Market Strategy for ControlScan. “This strategic partnership is an excellent match, because it helps put PayFac businesses on a well-informed path to data security success.”
Greg Myers, Double Diamond Group and Rich Consulting, http://www.doublediamondgroup.com, +1 2147380406, [email protected]
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