In the alphabet soup that floats the credit card processing industry, the initials ACH stand for Automated Clearing House, a vast electronic network that connects banks, credit unions and all other financial institutions.
The more compliant you are with Payment Card Industry Data Security Standards (PCI DSS), the less likely you are to suffer a data breach, is a key takeaway of the Verizon 2015 PCI Compliance Report. Security needs to be a part of the culture of the organization — something that has been said for a while and emphasized in Version 3.0 of the PCI DSS, the Council’s updated data-security standard.
Protecting payment card data is critical to reduce the risk of fraud and identity theft. TransFirst® advocates a multi-layered approach to payment security including EMV acceptance, end-to-end encryption, tokenization and Secure Commerce Architecture.
Both healthcare consumers and healthcare providers are in favor of new and improved payment options. As a full-service payment processor, TransFirst® applies our industry expertise to patient responsibility payment processing and anticipates and addresses the special needs of providers.