Tuesday, March 1, 2016

PCI-DSS Compliance

Tell me. How important is PCI Compliance  to your organization?

 Payment Card Industry Data Security Standard (PCI DSS) is a proprietary information security for organizations that handle branded credit cards from the major card schemes including Visa, MasterCard, Amex, Discover and JCB.

The PCI Standard is mandated by the card brands and administered by the Payment Card Industry Security Standards.  The standard was created to increase controls around cardholder data to reduce credit card fraud. Validation of compliance is performed annually, either by an external Qualified Security Assessor
 (QSA) that creates a Report on Compliance (ROC) for organizations handling large volumes of transactions.

Data Security through PCI Compliance is probably one of the most important attributes to consider when selecting a business partner who accesses your consumer’s data. Having Compliance processes in place are very important, but until an organization goes through an extensive audit, there are definitely going to be major gaps.

My recommendation is to contact a QSA right away and get started on your PCI Compliance Certification.

What do you think?

Debt Collections for Mixed Martial Arts Schools

Take a moment to review your past-due Accounts from the past year... If you have unresolved accounts on your books, we can help recover additional revenue quickly and in a very professional manner.

If you own a Boxing, Mixed Martial Arts, Karate, Kickboxing, or, Jiu Jitsu School you probably already know that you have very few options available to you when trying to communicate with past-due students.  You can't possibly have enough time to pick up the phone and speak with all of your past-due members, plus you should look to experts in compliance and customer service to assist you.

Studying a Martial Art is a huge commitment by both the instructor and student, and even though you as the owner/instructor have dedicated your life to teaching martial arts, some students are unable to make the same long-term commitment to training.

MMA Schools typically offer Term Contracts, and have the right to be paid based on the terms of the membership agreement. Managing a Martial Arts School is extremely costly for the Owner and every single loss in revenue impacts the schools bottom-line significantly.  

There are wonderful Companies out there offering software, payment processing, collections, and more, but the only nationally accredited Collection Agency handling late-stage collections (accounts aged past 90 days) is First Credit Services.

First Credit Services works with thousands of fitness clients across the country, and fully understands the ins and outs of collecting membership contracts for all types of fitness businesses.

Developing Clear and Concise Collection Agency Policies are extremely important items to consider for most Mixed Martial Art Schools.

Learn more at e-mail me at wjackson@fcsbpo.com 

First Credit Services already partners with Software Companies, ASF Payment Solutions, Member Solutions, Money Movers, Mindbody, and more.