February 25, 2009 09:00 ET
PCI Compliance: What Multi-Location Retailers Need to Know
The Options for Achieving POS Compliance Are Varied -- Choosing the Right Vendor Could Save You Millions as Well as Your Ability to Accept Credit Cards, According to FreedomPay
NEWTOWN SQUARE, PA--(Marketwire - February 25, 2009) - Retailers today are staring down the
barrel of deadlines for PCI DSS Compliance (July 1, 2010) and a lagging
economy. Many multi-location retailers believe that they will need to
invest tens of thousands of dollars per POS, in most cases purchasing new
equipment, renegotiating processing contracts and dumping heavy investment
in IT resources, which is a daunting prospect in any economy. Also,
retailers linked to locations that use disparate POS solutions may foresee
a rockier road.
So, what's a retailer supposed to do?
Fortunately for retailers, there are a handful of companies that have
developed PCI Compliant solutions that work with a vast array of POS
terminals, software and middleware and also link to multiple processors.
For retailers, this means a flexible, low-cost solution that will enable
them to keep their existing processing relationships. Some companies, such
as FreedomPay, have extensive experience working with all major point of
sale hardware, middleware and software solutions and can provide a simple,
yet sophisticated, program for migrating point of sale to a compliant
Just in case this seems a little complicated, retailers that are not PCI
DSS Compliant by the published dates will lose the ability to accept credit
cards. That is a business decision very few people are willing to make.
"Many retailers are recalcitrant to explore PCI updates, because it can
seem almost like a Pandora 's Box," stated Sam Bellamy, Chief Operating
Officer of FreedomPay. "Data encryption, point of sale updates, software
reviews -- this can all seem overwhelming. The key to cost-effective
compliance is picking a trusted partner that can work with your
infrastructure (and not vice versa), is respectful of cost restrictions and
understands what the future of compliance looks like. Too many vendors try
to force a specific and costly solution on companies."
"In addition to PCI Compliance, vendors should also have extensive
processing and payments experience. We have found that clients undergoing
PCI review leverage 'going under the hood' so to speak and take stock of
their processing relationships and actually save money," continued Bellamy.
FreedomPay provides elegant gateway services, PCI consulting and robust
processing solutions right-sized for any retail organization.
For more information, or an introductory analysis, please contact
FreedomPay at 866.323.1869.
FreedomPay® delivers comprehensive payments management solutions enabling
organizations to drastically improve the way they send, receive and settle
payments. Ranging from POS hardware to cashless, electronic payments
services to processing, the FreedomPay product suites provide a fully
integrated, hosted global infrastructure for managing payments. The
nation's largest healthcare systems, Fortune 1000 corporations,
universities, and government installations depend on FreedomPay. FreedomPay
is an authorized partner of Sharp, NCR, HID and FirstData. Visit us online