Regulatory Landscape
This announcement arrives as the PCI Security Standards Council rolls out version 4.0 of its data security standards, which introduces updated requirements for authentication and encryption measures.
These revisions necessitate that merchants revamp their security protocols and validation procedures.
Payment orchestration platforms have emerged as a viable solution for merchants handling multiple payment providers across various markets. These platforms effectively route transactions between providers while ensuring consistent security measures are maintained.
The recent merger highlights a broader trend of consolidation within the payment technology industry, as providers aim to combine their specialized skills and capabilities.
Adjustments to PCI standards have spurred a greater demand for integrated solutions that merge payment processing with compliance management.
“Our upgraded platform offers a complete range of PCI compliance solutions for all merchant levels,” states Harris. “This allows businesses to remain compliant while harnessing the advantages of payment orchestration.”
The financial details of the merger have yet to be made public.
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