HIPAA and PCI go Hand-in-Glove in Healthcare Payment Processing
As the payments industry continues to get a handle on fraud, it’s finding the cracks still open to criminals. Secure technologies like EMV, encryption and tokenization have covered many security holes. Yet, level 4 merchants – the smallest businesses – are now experiencing the bulk of data hacks.
Acceptance of credit and debit cards is absolutely necessary for the modern independent pharmacy. However, credit cards can represent a major liability for the holder of the merchant account. Strong security measures are available, but pharmacies must implement them properly.
In a recent report, the Payment Card Industry Security Standards Council declared that the smallest businesses – what payment types call ‘Level 4 Merchants ’ – are bearing the brunt of data hacking and card fraud...