5 Facts Which Can Make the Difference Between Success and Failure of a Credit Card Payments Initiative

Key Takeaways

Understand the specific requirements of PCI-DSS standard
Weigh the costs against the benefits of PCI-DSS compliance
Identify whether PCI-DSS is a necessity depending on the size of a business and the volume of card transactions
Eliminate risk of slowing down business processes and deteriorating customer experience sometimes associated with a full-scope PCI-DSS implementation
Control scope of compliance requirements in order to achieve PCI-DSS compliance without the associated costs and complexity

Speakers

Jay Tchakarov, AVP of Product Management, HighRadius Corp.

About The Webinar

The growth of B2B card payments poses a challenge to minimize risks to sensitive customer data and to keep up with continuously evolving regulations surrounding payment security. Since the introduction of PCI-DSS (Payment Card Industry – Data Security Standards) in 2004, companies have spent more than $1.7 Billion to achieve and maintain compliance. In spite of this, the number of reported breaches has grown 4 times between 2009 and 2014 in spite of standard compliance.

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HighRadius Integrated Receivables Software Platform is the world's only end-to-end accounts receivable software platform to lower DSO and bad-debt, automate cash posting, speed-up collections, and dispute resolution, and improve team productivity. It leverages RivanaTM Artificial Intelligence for Accounts Receivable to convert receivables faster and more effectively by using machine learning for accurate decision making across both credit and receivable processes and also enables suppliers to digitally connect with buyers via the radiusOneTM network, closing the loop from the supplier accounts receivable process to the buyer accounts payable process. Integrated Receivables have been divided into 6 distinct applications: Credit Software, EIPP Software, Cash Application Software, Deductions Software, Collections Software, and ERP Payment Gateway - covering the entire gamut of credit-to-cash.