CONFORAMNCE TOOL KIT
Keep your data safe and secure with our PCI Tool Kit.
Designed to keep your information safe and secured within our flexible online software platform.
Finally. All your systems can talk to each other. Our Conformance Tool Kit is the magical doorway that connects the entire world of processing payments.
For major service providers and banks with portfolios of small and midsize businesses, Know Your Customer (KYC) validation and risk assessment during underwriting is fraught with a myriad of manual tasks that can take days, even weeks, to perform. Gathering data for comprehensive risk assessments is time-consuming and error prone. And once credit is extended and SMBs are onboarded, continuous business monitoring is rarely performed.
These same companies and their SMB customers face an ever-increasing number of international, federal, state and local regulations, plus industry-specific regulatory mandates. The sheer number that must be adhered to is overwhelming, while the process of achieving and reporting regulatory compliance is constantly evolving, highly manual, time-intensive and error prone. To say the least, it is difficult for most organizations to attain and maintain compliance, respond to regulatory scrutiny and provide accurate compliance verification reporting on a timely and accurate basis.
Conformance Technologies offers a comprehensive and cost-effective suite of solutions designed to effectively assess and monitor SMB risk and compliance, while reducing the effort and complexity surrounding these tasks. Organizations can make better, faster decisions about the businesses in their portfolios to reduce risk, improve customer experience, lower costs and generate ongoing revenue streams. SMBs benefit from faster onboarding and access to services that are easy-to-use, saving time and money while alleviating significant operational headaches.
Solutions We Provide
As an acquirer or Independent Sales Organization (ISO), you are responsible for ensuring all your merchants comply with Payment Card Industry Data Security Standards (PCI DSS). Unfortunately, getting and keeping your merchants compliant is no easy task. Merchants are busy running their businesses and are not experts in payments, technology, data security and more. On top of this, constantly changing requirements associated with PCI DSS doesn’t make things any easier either.
With stringency regarding merchant PCI compliance required with the PCI 3.2 standards, your business faces increasing scrutiny over how you ensure your merchants are measuring up. In addition, merchants are under increasing pressure to take control of PCI compliance through policy development, staff training, ongoing monitoring and incident response.
The Payment Security Awareness System from Conformance Technologies helps your merchants continually assess compliance with PCI DSS security standard requirements quickly and easily. Combined with PCI ToolKit, which provides a yearly snapshot status report of annual merchant PCI DSS validation, Conformance Technologies gives your merchants an easy and consistent approach to compliance all year long. You and your merchants benefit by actively thwarting hacking attempts and better managing the risk associated with potential data breaches.
Pre Comm ToolKit
Merchant acquirers and payment processors are being inundated by Anti-Money Laundering (AML) rules and Know Your Customer (KYC) regulations. The USA Patriot Act and other governmental and card brand regulations require these organizations to implement KYC policies that encompass customer due diligence and risk evaluation.
While regulation is not new, compliance is difficult, if not impossible, especially when businesses like yours must rely on multiple systems and manual processes to collect and analyze merchant due diligence data. The methodology in place today is slow, expensive, time consuming, inaccurate, risky and inconsistent. And to make matters worse, once a risk evaluation is completed and a merchant is onboarded, follow-on risk assessment is virtually never performed again, leaving merchant acquirers and ISOs vulnerable.
PreComm ToolKit addresses these issues and more with real-time underwriting and risk assessment capabilities and ongoing risk monitoring.
PreComm ToolKit is a unique, patent pending, cloud-based intelligence gathering and collating tool that simplifies merchant due diligence and risk evaluation prior to onboarding (pre-commerce).
Information on more than 65 data risk factors is automatically and accurately gathered and assembled from deep, thorough and accurate reviews of private, government and proprietary data sources. In just a few seconds, consolidated findings are available for risk managers to evaluate further.
The best way to keep your portfolio on the up-and-up and to avoid suspicion of impropriety is intelligent, intense and constant monitoring for illegal goods, factoring, money laundering and false-front operations. Today, your business is under increasing pressure to keep a close eye on what the merchants in your portfolio are doing. Visa’s Global Brand Protection Program (GBPP), MasterCard’s Business Risk Assessment and Mitigation (BRAM) compliance program, Federal Anti-Money Laundering (AML) requirements and more require you to make sure the merchants in your portfolio are safe, secure, compliant and legitimate during onboarding and constantly thereafter. More than just once a month. However, doing so represents a significant business burden that is difficult to manage from a time, resource and financial standpoint. Until now.
lnConRadar is a continuous merchant website and risk factor monitoring service. Suspicious commercial activities, plus potential image damaging circumstances and businesses practices are identified that require further acquirer or payment processor investigation. Use InConRadar before onboarding and regularly thereafter.
lnConRadar deep crawls merchant e-commerce websites, as frequently as every 20 seconds, to identify and capture any suspicious activity or findings of impropriety before merchant onboarding and constantly thereafter, automating the due diligence and data gathering process.
Payment processing risk managers receive immediate alerts of any findings requiring further investigation. When an InConRadar finding is confirmed, specific actions can be taken to remediate or terminate an offending merchant. When a finding is unsubstantiated, the suspect business activity or practice can be cleared from future InConRadar scans within seconds.
Cyber Attack Readiness ToolKit
PCI DSS requires Penetration-Testing (PEN-Testing) and Primary Account Number (PAN) scanning, not only for e-commerce merchants, but for some brick-and-mortar merchants as well.
The Cyber Attack Readiness ToolKit safely and easily simulates real-world attacks against merchant computer systems. Vulnerabilities and risks which may impact the confidentiality, integrity or availability of data are identified. This includes network and application testing, as well as controls and processes around networks and applications, plus inspection for unsecured card data.
Unlike a vulnerability assessment or automated vulnerability scan, professional security engineers manually test systems tying to obtain as much sensitive data as possible.
A hands-on approach enables testers to intelligently respond to changing environmental conditions and discover new routes and system loopholes ripe for attack. As a result, merchants understand how malicious entities may attack their systems, and the extent of their vulnerability, so that proactive measures may be taken to strengthen system security.
One in five small businesses falls victim to cybercrime each year and of these, some 60 percent go out of business within six months after an attack. That’s a 20 percent chance of being hacked, and if it happens there’s a good chance these businesses are finished. That’s why putting the Cyber Attack Readiness ToolKit to work for you and your merchant portfolio is critically important.
Licensed Payment Software
Software as a Service (SAAS) made available to financial services companies to provide to their end-user or to the financial services company’s customer base featuring web and cloud-based software platforms to secure sensitive information and execute appropriate security protocols to establish financial security; Providing online, non-downloadable software to evaluate procedures, protocols and business practices of financial services company’s customer base and correct any vulnerable customer base financial practices through corrective action schedules and budgets; Providing online, non-downloadable software to monitor and send web-notifications related to progress, events, expirations, and due dates associated with financial portfolios of the customer base; Providing online, non-downloadable software featuring financial security modules to test operational systems, detect vulnerabilities, and propose corrective actions for weaknesses and also featuring related financial security procedures and training modules; Providing online, non-downloadable software featuring financial security modules to provide and track customer base employee training, to send reminders when training is due, and to send reminders when retraining is due as a result of corrective action for security events.
We implement a variety of security measures to maintain the safety of your personal information when you place an order or enter, submit, or access your personal information. We offer the use of a secure server. All supplied sensitive/credit information is transmitted via Secure Socket Layer (SSL) technology and then encrypted into our Payment gateway providers database only to be accessible by those authorized with special access rights to such systems, and are required to keep the information confidential. After a transaction, your private information (credit cards, social security numbers, financials, etc.) will not be stored on our servers.