FinTech Podcast by IR
FinTech Podcast by IR
FinTech Podcast by IR
Increasing Compliance Costs Driving Payments Systems towards Hosted Environments
6 minutes Posted Mar 21, 2017 at 12:16 am.
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Credit card companies are taking constant steps to protect cardholder data. Subsequent versions of compliance standards have become more strict to combat fraud and banks get audited to ensure that they’re meeting standards. The cost of running a payment system has increased. Small payments companies are moving towards hosted payment environments.