E-Complish is a Leader in Custom Payment Solutions. We Specialize in Development of Ground-Up Payment Processing Customization for our Clients. Learn more!
Baltimore, Maryland January 18, 2016 — With the holiday season receding into the distance, this is the time of year where businesses of all sizes take stock of their inventories, review their customer interactions, and begin tallying the success or failure of their marketing and customer engagement efforts. It’s also the time where the pressing challenge of credit card fraud makes headline news.
In fact, according to research from ACI Worldwide, the fraud rate for transactions that didn’t require physically swiping a credit card increased in 2015 compared to 2014. In 2015, one out of every 86 transactions experienced attempted fraud versus one out of 114 in 2014, an increase of 30 percent. That means brands must be more vigilant than ever to ensure that their customers’ online financial information is secure.
Recognizing that need, E-Complish, a leading payment solutions provider, is pleased to announce that it is now offering top-tier Level-1 PCI compliance — the payment card industry’s credit card processing gold standard. PCI compliant companies must adhere to a variety of rigorous criteria established by major credit card processors Visa, MasterCard, American Express, Discover, and JCB.
Tiered 1 through 4, the required PCI level of payment processing is dependent on the volume of transactions a business performs. Level-1 PCI compliance means that E-Complish is able to offer merchant credit card processing solutions to companies that handle over 6 million Visa and/or MasterCard transaction per year.
Level-1 PCI compliance also means that as a premier credit card processor, E-Complish conducts an annual on-site review by an in-house auditor and undergoes a mandatory network scan by a qualified scanning vendor. Empowered by these capabilities, E-Complish is ready to take the next step in merchant processing.
“Whether it’s designing customer-facing e-commerce solutions, back-end check and credit card processing, voice response telephone payment tools, or a growing list of additional services, E-Complish is a merchant’s go-to source for a host of payment solutions,” said Stephen Price, E-Complish’s CEO.
“For instance, through VirtualPay, our all-in-one payment processes system, customers can integrate their payment solutions and accept payments with simplicity and ease. What better time than the post-holiday season for merchants to get their financial house in order and consider our help?”
PCI compliance is a term that was introduced by the Payment Card Industry Security Standards Council. The organization was launched nearly 10 years ago (September 7, 2006) to manage payment card industry security standards at a time when a growing number of businesses were rapidly building their online presence.
Rather than just being digital billboards directing customers back to brick-and-mortar stores, businesses sought ways they could accept electronic payments online. This need gave rise to online credit card processing. Thus, the PCISSC is committed to improving payment account security throughout the transaction process.
“With nearly 20 years in the business we’ve had a front row seat to the burgeoning Internet age and the growing need for businesses to engage their customers online and to ensure that payment transactions are secure,” Price added. “Achieving Level-1 PCI compliance is an important distinction and greatly expands the types of clients we partner with — generally those who handle a greater number of online annual credit card transactions. Unquestionably the new year is off to an incredible start.”
Founded in 1998, E-Complish’s mission is to deliver a wide selection of secure and dependable services, making it easy for its customers to process and report on all types of transactions. For more information about E-Complish and its suite of online business solutions visit http://www.e-complish.com or call 888-847-7744.