News

New program assists acquirers, ISOs with data incident management

Conformance Technologies' Data Incident Management Program assists with forensics, equipment replacement, legal fees, and legal and consumer notifications.

August 6, 2014

Conformance Technologies, a provider of operating systems and expertise in managing business compliance, has developed a new Data Incident Management Program for use by merchants, ISOs and acquirers, the company announced in a press release.

The program comprises a suite of services that can be deployed in the event of a data incident: data incident forensics; POS equipment or software replacement; $10,000 in legal services; legal and consumer notifications; and public relations management.

According to the company, the Data Incident Management Program creates revenue-generating opportunities for resellers and aggregators, including merchant acquirers and independent sales organizations. Typically portfolio operators charge a small monthly fee for the program, rather than a per-incident fee.

"Our company goal is to provide a perfect mix of conformity and performance," said Conformance Technologies president Darrel Anderson. “We do this by creating products and services that allow both portfolio operators and their end-user customers the ability to easily manage and measure a variety of compliance and operational tasks. Our new Data Incident Management Program is an integrated service offering that easily manages all aspects of a data incident, reducing costs for all parties involved while ensuring a professional resolution to issues."