Sysnet unveils PCI DSS solution for payment facilitators

Sysnet Global Solutions has announced the launch of a new PCI DSS solution designed to help payment facilitators, their sub-merchants, and their acquirers increase PCI compliance whilst continuing to reduce risk.

The PCI DSS (Payment Card Industry Data Security Standard) is a set of comprehensive requirements developed by the founding payment brands of the PCI Security Council for enhancing the security of payment account data, transactions, and payment systems.

Paul Prior, SVP product, Sysnet Global Solutions, commented: “Payment facilitators operate in a unique way, requiring tailored solutions to help meet both the PCI DSS requirements for their business and for their sub-merchants.”

The solution provides businesses the ability to report on the compliance status of their merchant portfolio regardless of size.

Sysnet’s PCI payment facilitator solution also intends to benefit acquiring firms who manage and report on the compliance status of payment facilitators and their sub-merchants; the solution is white-labelled and configurable in the merchant portal

“Sysnet provides security and compliance management solutions to many of the world’s largest acquirers,” continued Prior.

“It is, therefore, best placed to provide solutions that help payment facilitators to meet their PCI DSS requirements efficiently. 

“In turn, securing the payment chain end-to-end. These efficiencies benefit both payment facilitators and the acquirers who serve them.”