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North American Bancard PCI Plus Program Reduces Merchant Cost and Friction

January 14, 2020 GMT

TROY, Mich., Jan. 14, 2020 /PRNewswire/ -- North American Bancard, LLC (NAB), a progressive payment technology company, introduced its frictionless PCI DSS compliance program called PCI Plus. PCI Plus is a simplified solution created to help reduce the PCI compliance burden for merchants, maximize payment security and protect merchants in the event of a security breach.

“North American Bancard has been serving merchants for over 25 years, and we’ve seen firsthand how burdensome the PCI compliance process can be for small and medium-sized businesses,” said David Greenberg, chief administrative officer at North American Bancard. “These businesses aren’t always able to stay vigilant about security, so PCI Plus was designed to provide them with frictionless PCI compliance measures built into the NAB merchant experience.”

PCI compliance measures were implemented by the card brands to help merchants protect their credit and debit card payment systems from cybercriminal intrusions and the theft of cardholder information. Merchants must meet and maintain certain data management security requirements and confirm compliance on an annual basis.

According to the recent Verizon 2019 Payment Security Report, the percentage of businesses meeting PCI compliance requirements is down to 20.4 percent (1 in 5) for the Americas region, and 36.7 percent globally. The technical nature of PCI compliance, along with the administrative burden of meeting the 200-plus requirements associated with the industry standard, can make the PCI compliance process too onerous for some merchants to undertake without expert assistance.

“PCI compliance steps can be a burden for many merchants, but when compliance is not maintained, it can cost a business hundreds of thousands of dollars, including fines and the cost of card replacement if card data is compromised,” said Robyn Mitchell, chief compliance officer at North American Bancard. “North American Bancard’s PCI Plus program was created to reduce this burden by streamlining the administrative process merchants are typically required to follow.”

The benefits of NAB’s PCI Plus include:

Through NAB’s partnership with SecureTrust, a leading provider of PCI DSS compliance validation tools for merchants, NAB merchants also receive:

“As the merchant marketplace continues to evolve in response to new consumer payment preferences, NAB continues to work diligently to develop simplified solutions that will help businesses secure sensitive customer information,” stated Mitchell. “PCI Plus makes PCI compliance easier than ever before for merchants, giving them more time to focus on growing their business and enhancing the customer experience.”

For more information about North American Bancard’s PCI Plus program and how to get your business’ PCI compliance requirements up-to-date in a frictionless manner, please visit https://www.northamericanbancard.com/pciplus.

About North American Bancard
North American Bancard is re-imagining the payment experience. As a leading payment technology innovator, NAB has a diversified product platform that provides a modern end-to-end infrastructure to enable globally-preferred payment types. NAB’s superior solutions deliver seamless payments experiences in mobile, online, and in-store environments. Serving hundreds of thousands of businesses and processing in excess of $45 billion in electronic payments annually, NAB delivers functional, frictionless solutions for our evolving merchant economy. For more information, please visit www.northamericanbancard.com.

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SOURCE North American Bancard