White Papers

Electronic payment acceptance is a mainstay of the 21st century. Even B2B companies that traditionally have extended payment terms to their customers and used paper-based invoicing methods now look to leverage electronic payments as a way to accelerate time to cash, offer their clients expanded payment options and open new channels of revenue. Adoption of electronic payment acceptance among organizations conducting B2B commerce will continue to grow exponentially over the next decade – and so will the responsibility and risk associated with it.

Thieves have become increasingly interested in getting their hands on sensitive information, such as cardholder data, because they can sell it for a hefty price tag. Over the past decade the number of data security breaches has grown and identity theft and fraud have become more and more prevalent. It is for that reason that regulatory bodies, including federal and state governments, have paid increased attention to mandating sound data security practices. Organizations that accept electronic payments are ultimately responsible for protecting their customers’sensitive information from landing in the bad guys’ hands.

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