January 16, 2013
CSR: “The Future of PCI – Protecting Only Credit Card Data Isn’t Enough”
JENSEN BEACH -- CSR, the leading provider of award-winning data compliance solutions and expert business services that helps organizations turn compliance into revenue, announced today that Director of Consulting Services Linda Grimm will speak to 500 attendees of the NorthEast Acquirers Association (NEAA) 2013 Winter Seminar on January 30th about the business threat of mishandling Payment Card Industry (PCI) and other personal data. Grimm will present “The Future of PCI – Protecting Only Credit Card Data Isn’t Enough: How to Use Personal Data Protection Services to Improve Customer Retention and Boost Your Bottom Line” at the Grand Summit Hotel in Mount Snow, Vermont.
The NEAA provides an educational forum for financial institutions and members of the acquiring industry whose attendees will hear Grimm explain how identity theft, which tops the FTC’s list of consumer complaints, must be addressed. By helping merchants go beyond protecting credit card data, (PCI compliance), which is ONLY part of a much greater concern to protect all personally identifiable (PII) and protected health information (PHI), the payments community can make a significant difference which also generates significant new revenues.
Grimm will discuss how the growth of EMV will affect PCI and PII compliance and describe the complexity of regulations and penalties (both civil and criminal) for data loss that affect merchants, and consequentially, acquirer revenues.
Takeaways will include best practices for merchants and payment processors alike. Grimm will proffer a new stance on compliance. Instead of thinking of the compliance process as a painful exercise, businesses who proactively prepare (as recommended by Visa ) for inevitable data loss can ease the fallout of an incident.
“Given a new perspective to educate merchants and provide them with best practices and tools, acquirers and processors can enhance their value as well as their revenues,” says Grimm. “Instead of leaving merchants to figure out what they need, ISOs who step up to provide security services will strengthen their bonds with merchants and open up new channels of revenues.”
Grimm is a seasoned payments executive with extensive merchant acquiring industry knowledge and expertise in regulatory and card brand compliance as a Certified Information Privacy Professional (CIPP/US) credentialed by the International Association of Privacy Professionals. She is a member of the Electronic Transactions Association's (ETA) Data Security Task Force and has served on that Association's Risk Committee. Additionally, Grimm serves on the Western States Acquirers Association (WSAA) Advisory Board, and is an author of numerous articles addressing risk management and compliance issues for the payments industry. She is also a certified Project Management Professional (PMP).