|
|
Article: PCI Rules Seen Costing ISOs.(Cards)(payment card industry)(Conference news)(Brief article)
- Article from:
- American Banker
- Article date:
- September 30, 2008
CopyrightCOPYRIGHT 2008 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: CardLine
Ensuring that merchants are compliant with the Payment Card Industry data security standard is time-consuming and costly for independent sales organizations, panelists said at the Western States Acquirers Association's conference last week.
"Compliance has caused slower growth" for ISOs, said Steve Christianson, the president and chief executive of AAmonte Bankcard, a Palm Desert, Calif., payments sales company.
ISOs cannot focus on increasing sales when they are focusing on PCI compliance, he said.
Jim Fink, the chief marketing officer at Merchant Services Inc. in Melville, N.Y., ...