An average card payment data breach results in nearly $2 million in penalties in addition to 88% of customers ‘losing trust’ or ‘terminating business.’
With the rise in credit card payments, credit and A/R leaders have either already deployed or are looking for enterprise card payment acceptance solutions. While more than 40% credit and A/R leaders express concerns about security, solution vendors are quick to brush aside concerns, citing their compliance with PCI-DSS.
However, PCI-DSS does little to ‘prevent’ the breach. Most vendor solutions duplicate the storage of sensitive payment information outside secure banking infrastructure – significantly increasing the probability of a data breach.
Join us as we take you on a journey of your customers’ payment information, from swipe-to-settle. We will arm you with the right questions to safeguard your enterprise card payment process as we discuss the technology that eliminates the storage of sensitive information other than at the bank.
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.