Vertical Systems is to highlight how it can help travel businesses comply with Payment Card Industry regulations at this year’s World Travel Market.
Smaller travel businesses struggling to understand the regulation and who need assistance with the lengthy process, which can take years of preparation, are expected to be the main beneficiaries.
Vertical’s technology can be used by travel business accepting credit card payments and wishing to avoid potential hefty fines under the
This will change the process of credit card details being taken over the telephone in note form or details being stored for future use.
The Payment Card Industry data standards require companies that process, store or transmit credit card information and hold a merchant ID must provide a secure environment.
The independent body, set up by the major payment brands Visa, Mastercard and American Express, is seeking to improve security throughout the transaction process, offering better protection for the cardholder.
All merchant holders need to be fully compliant to avoid fines from the payment brands. Different levels of compliancy apply dependent on transaction volumes.