In the past two decades, and particularly that last 10 years, consumer debit and credit card use have exploded--as have identity theft and credit card fraud. Regulations like the Payment Card Industry Data Security Standard, or PCI DSS, have sprung up in response, requiring companies to take specific measures to secure consumers' data.
An organization that excels at automating, standardizing and monitoring its systems and access controls can comply not only with PCI DSS, but with many other state and federal regulations that have similar mandates. By investing in the proper standardization tools and automation software, the organization can thrive while shifting resources freed up by a simpler, most cost-effective way of achieving compliance toward new business initiatives.
Credit Union Times is the nation's leading independent source for breaking news and analysis for credit union leaders. For more than 20 years, Credit Union Times has set the standard for editorial excellence and ethical, straight-forward reporting.