Our commitment to compliance has once again been showcased after recently being announced as a service provider on the Visa Global Registry. For merchants, this means that Latpay is compliant with both the Visa program requirements and Payment Card Industry Data Security Standards (PCI DSS) to store, process or transmit Visa cardholder information.
The Visa Global Registry of Service Providers:
The Visa Global Registry has been compiled to make it easier for customers to choose the best merchant service provider for their needs. It’s important to note that:
- The Registry now distinguishes service providers that support secure technologies, such as EMV, tokenization and point-to-point encryption.
- Merchants can now check how long the provider has had a relationship with one of Visa’s clients or partners, which can be useful for a technology partner looking for a start-up versus an established company.
- The Registry also features service providers that are early adopters of the most recent version of the PCI DSS 3.2, which was released in April 2016. The key changes included a multi-factor authentication for administrators accessing cardholder data and additional security validation steps for service providers.
To learn more, visit the Visa Global Registry of Service Providers.
Why our compliance is good for your business:
- Protect yourself
Acquiring a compliant merchant service provider ensures that your business is meeting all legal and compliance requirements. In order to be cleared to take payments both on and offline, there are numerous hoops to jump through to ensure you’re providing a secure service for your customers. Working with Latpay takes the stress out of compliance obligations so you can get back to business.
- Protect your customers
As well as meeting all your legal requirements, working with a highly secure and compliant merchant service provider like Latpay ensures that your customers are protected from theft and fraud. Your customers are the lifeblood of your business, so protecting them against unauthorised transactions is critical. More than this, it also safeguards your business against reputational loss that often follows a financial breach.
- Allow customers to shop with confidence
When shoppers are confronted with unknown or untrustworthy payment systems, it forces them to think twice about making their purchase. Offering the highest security measures and trusted payment platforms can help your customers feel confident with their purchases and therefore less likely to second guess their decision. The transaction journey should be smooth sailing, allowing the customer to pay for goods or services without a second thought. Latpay can help you offer the peace of mind your customers need to shop with absolute confidence.
If you find that your payment service provider isn’t offering you the highest levels of data security and PCI compliance, it’s time to start shopping around.
Why choose Lateral Payment Solutions:
As a leading Payment and Merchant Service Provider in Australia, UK and Canada, Latpay offer superior fraud management capabilities and data tokenisation services to online businesses around the world.
With industry-leading technology, exceptional Level 1 PCI compliance and fraud management proficiencies, Latpay are proud to provide a truly complete payment solution for companies of all shapes and sizes.
Talk to us on 1800 865 224 to see how we can alleviate the hassles of security and compliance, so you can get back running your business.