Payment security and compliance solution provider ControlScan has created a ‘smart’ version of the Payment Card Industry Self-Assessment Questionnaire (PCI SAQ) that simplifies SAQ completion and revalidation for merchants of all sizes. The ControlScan SmartSAQ aims to maintain the integrity of the traditional SAQ while removing the complexities that can cause merchant error and abandonment.
ControlScan’s most recent study of small merchant PCI compliance found that only 30 percent of survey respondents had completed an SAQ for their business. Many of those not completing the SAQ process said they simply couldn’t understand what was required of them, while others said they were “still working on it.”
“While SmartSAQ will benefit any size merchant, we were specifically interested in resolving the longstanding problem of the small merchant’s successful SAQ completion,” said Steve Robb, senior vice president of products and services, ControlScan. “The risk that small merchants represent has been a sticking point for the MSPs ControlScan serves, so we designed SmartSAQ from the ground up to eliminate confusion and enhance MSP-merchant engagement.”
SmartSAQ is an interactive, cloud-based application that features a user interface, question presentation and go-to support tools designed to save merchants time while boosting their SAQ success rate. In addition, customization and configuration capabilities enable MSPs to optimize their SAQ deliverable for increased merchant engagement. These options include the ability to integrate the MSP’s brand identity as well as their program-specific policies and procedures for compliance validation. SmartSAQ can also be configured to reflect MSP-specific payment services and applications.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.