Fight to Get SMBs PCI Compliant a Losing Battle

Being in compliance with different regulations has a bottom-line impact on business, but smaller organizations lack the time and knowledge necessary to engage with PCI (Payment Card Industry) programs. That's according to the Acquirer PCI Sentiment Survey recently released by Sysnet Global Solutions. The feeling among acquiring organizations is not good, with less than 10% expressing that they were happy with their current compliance rate. While most acquirers understand that the smaller merchants likely don't understand what they need to do, 64% of the respondents said that small merchants don't make security enough of a priority. In order to drive compliance, an overwhelming majority of respondents said that improved communication (76%) and education (72%) along with managed security and compliance service (72%) would be most helpful.