PacNet Services’ MarketDirect Users Sidestep PCI Compliance Hurdles
Vancouver, BC, Canada – International payment processing company PacNet Services reports that users of the MarketDirect secure hosted payment page are avoiding the time and expense associated with achieving and maintaining PCI compliance. PacNet’s MarketDirect package was developed as an easier, faster and less expensive way for ecommerce companies of all sizes to accept and process multi currency credit card payments over the internet. The hosted payment page enables ecommerce merchants to take advantage of multi currency international credit card processing, receiving funds in whatever currency they require. Key benefits include not only a boost in sales but a valuable reduction in chargebacks; because customers see the exact amount that will be charged to their card, there is a reduced likelihood of confusion or buyer’s remorse when they receive their statement. However, the value that MarketDirect offers in terms of PCI compliance responsibilities is also becoming evident.
By choosing to implement MarketDirect, merchants ensure that sensitive cardholder data never passes through their servers, which also saves them the considerable expense of acquiring sophisticated IT resources to handle payment security. As all compliance deadlines have already passed, some merchants are now scrambling to understand and implement the PCI Data Security Standards across their business practices. In sharp contrast, MarketDirect clients often have to do little more than complete a simple self assessment questionnaire.
“Since the PCI DSS were introduced, credit card merchants have had to educate themselves, and develop a plan to validate their compliance. The entire process can require a considerable investment of time and resources for companies that want to accept payments by credit card; very few business owners have the capacity to investigate exactly what compliance involves for their particular situation”, comments Renée Frappier, Director of Marketing for PacNet Services. “MarketDirect clients enjoy the freedom of knowing that because all cardholder data passes over PacNet’s own secure servers, they do not have to be concerned with arduous scanning and validation processes, nor do they need to worry about creating plans to protect against future vulnerabilities. As long as none of their other business practices bring them into contact with cardholder data, compliance can potentially be as easy as filling out a short self assessment questionnaire.”
The basic MarketDirect package includes Visa and MasterCard merchant accounts in up to three of 137 different currencies, implementation support, a customized payment page that can be integrated with any website or shopping cart solution, unlimited transactions authorized over PacNet’s secure servers and settlement in any currency the merchant requires. PacNet’s clients have been using the MarketDirect secure hosted payment page since January. “Client uptake of the MarketDirect service has been strong” adds Frappier, “not only for enhancing international marketing efforts, but also for alleviating PCI compliance concerns. The combined appeal for international ecommerce is irresistible.”
About PacNet
PacNet Services is a payment processing company that offers a wide range of domestic and international payment solutions. A single account at PacNet gives clients access to Visa and MasterCard merchant accounts as well as the facilities they need to accept direct debit, ACH, personal checks and bank transfers from the US and around the world. PacNet also facilitates outgoing payments by check and eft for refunds, rebates, commissions, dividends and prizes in both major and developing markets around the world.