FlexPoint is incredibly easy to work with; they support their product from end to end, and the platform is stable and reliable. It has every payment portal functionality that you need.”
Garrett Snelling
FlexPoint's Working Capital Solutions have been crucial in helping Loud & Clear expand its services to enterprise-level clients. The boost in our number of clients & annual revenue has been staggering.
Patrick Kemp
FlexPoint is incredibly easy to work with; they support their product from end to end, and the platform is stable and reliable. It has every payment portal functionality that you need.”
Garrett Snelling
FlexPoint's Working Capital Solutions have been crucial in helping Loud & Clear expand its services to enterprise-level clients. The boost in our number of clients & annual revenue has been staggering.
Patrick Kemp
FlexPoint is incredibly easy to work with; they support their product from end to end, and the platform is stable and reliable. It has every payment portal functionality that you need.”
Garrett Snelling
FlexPoint's Working Capital Solutions have been crucial in helping Loud & Clear expand its services to enterprise-level clients. The boost in our number of clients & annual revenue has been staggering.
Patrick Kemp
FlexPoint is incredibly easy to work with; they support their product from end to end, and the platform is stable and reliable. It has every payment portal functionality that you need.”
Garrett Snelling
FlexPoint's Working Capital Solutions have been crucial in helping Loud & Clear expand its services to enterprise-level clients. The boost in our number of clients & annual revenue has been staggering.
Patrick Kemp
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Recently, there has been a lot of confusion regarding PCI Compliance driven by large SMB vendors like Intuit, who have emailed customers with scary sounding emails that make it seem like these SMBs need to pay an additional fee to be PCI Compliance. This has caused a lot of confusion because many SMBs using Intuit products like QuickBooks Payments were under the impression that by using these products they are PCI compliant. The reality is that this is much more complex and Intuit clearly states on their website that the use of QuickBooks Payments services doesn’t mean a business is already PCI Compliant. In this blog post, we'll explore what PCI Compliance is and how the majority of businesses that use FlexPoint, can achieve PCI compliance by completing the minimum level SAQ-A (Self-Assessment Questionnaire A).
PCI Compliance is a set of security standards developed by the Payment Card Industry Security Standards Council (PCI SSC) to safeguard cardholder data and maintain the security of payment transactions. These compliance requirements apply to any organization that processes, stores, or transmits cardholder data.
For businesses that accept electronic payments, achieving and maintaining PCI Compliance can seem like a daunting task. However, for those who meet specific eligibility criteria, SAQ-A offers a simplified and streamlined approach to compliance.
SAQ-A was designed to address the requirements applicable to merchants whose cardholder data functions are completely outsourced to validated third-party service providers. Essentially, SAQ-A is meant for organizations that do not store, process, or transmit any cardholder data on their own networks or facilities. Instead, they entrust these functions entirely to PCI DSS compliant third-party service providers including FlexPoint.
Key Eligibility Criteria for SAQ-A:
Completing SAQ-A offers several benefits for eligible merchants. First, it significantly reduces the complexity and effort required to achieve PCI Compliance. Instead of undergoing a full-scale audit, organizations can complete a self-assessment survey, saving time and resources. Second, by outsourcing cardholder data functions to validated third parties, businesses can leverage the expertise and security measures of established service providers. Finally, SAQ-A does not require vulnerability scans, which can be time consuming and costly.
However, it's important to note that SAQ-A is not applicable to face-to-face payment channels, where the payment card is physically present. Organizations utilizing these channels will need to comply with other SAQs or undergo more extensive PCI assessments, depending on their specific setup.
PCI Compliance is crucial for businesses handling payment transactions to protect cardholder data and maintain customer trust. For the majority of businesses utilizing payment software like FlexPoint, achieving PCI Compliance is made more accessible through SAQ-A. By meeting the eligibility criteria and relying on third-party service providers for cardholder data processing, businesses can streamline their compliance efforts while ensuring a secure payment environment.
Remember that PCI Compliance is an ongoing commitment, and businesses must regularly review their processes, security measures, and compliance status to maintain a secure payment ecosystem for their customers. Reach out to learn more how FlexPoint can help you understand PCI Compliance and your specific requirements.
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When it comes to payments, MSPs need industry specific software
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