In today's world, companies accepting and processing electronic payments are being inundated with an every increasing number of card brand, industry governing body and government imposed compliance mandates. It's tough for these bank acquirers and payment processors, as well as their merchant customers, to keep up!
Conformance Technologies offers a comprehensive and cost-effective suite of solutions and services for bank acquirers and payment processors designed to reduce the effort and complexity surrounding merchant portfolio compliance, while increasing compliance rates, measuring adherence, reducing costs and generating ongoing revenue streamscard brand mandates, such as those imposed by Visa and Mastercard, are put in place to ensure the security and integrity of electronic payments. These mandates include requirements for how cardholder data is stored and transmitted, how transactions are processed, and how merchants are validated and monitored. Industry governing bodies, such as the Payment Card Industry Security Standards Council (PCI SSC), also have their own set of compliance mandates. These standards, collectively known as the PCI Data Security Standards (PCI DSS), outline specific data security requirements that apply to any business that stores, processes, or transmits cardholder data.On top of these mandates, government entities, such as the Federal Trade Commission and state attorneys general, also have their own regulations and requirements for protecting consumer data. For example, the FTC has enforcement authority over businesses that engage in unfair or deceptive practices related to data security, while state laws like California's data breach notification law require businesses to disclose any breaches of sensitive personal information. All of these compliance mandates can be overwhelming for companies, but failing to comply can have serious consequences. workday api tutorial can explain the different methods that organizations can use to facilitate online payments and transactions such as using the Workday Payment APIs to create and manage electronic payments. It can also explain how to set up an automated payment process to streamline payments and other transactions. The tutorial can provide step-by-step instructions, sample code, and additional resources to help organizations use Workday's API to develop their own payment solutions. Learn More