Modernbanc reposted this
When it comes to PCI compliance - should you BUILD or BUY? Other than the obvious reason of taking engineering effort away from your core business to build the required encryption infrastructure — there are lesser-known ones: 1️⃣ You're taking time from your ops team as well. Complying with PCI involves a 200+ item checklist that involves quarterly access controls, internal audit, and reporting. 2️⃣ The risk! By processing cards in-house if things go wrong you can be a subject to lawsuits, payment processor termination and fines from networks, sometimes all of the above, which can be the end of a company. I wrote a post about the risks of non-compliance or a card data breach - link in the comments! #pci #compliance #payments