The payments industry is a highly-regulated industry, this is understandable given the nature of the business. Polar Moment can help you to ensure your business is always up-to-date with the latest compliance regulations.
The risks and costs of non-compliance are enormous. But, organisations can waste significant sums of money and effort because they do not understand the various regulations, what they need to comply with them, how to achieve certification / accreditation / licenced status, and how to set up their IT and business processes to maintain compliance.
Polar Moment has access to the industry’s leading experts in all aspects of compliance, ranging from FSA (Financial Services Authority) and EPC (European Payments Council) legislation, including topics such as the Second Payment Services Directive (PSD2), Payment Institution and Small Payments Institution licencing (PI and SPI) and Anti-money laundering (AML), to technical standards such as EMV (Chip and PIN – Europay, MasterCard and Visa), PCI:DSS (Payment Card Industry: Data Security Standard) and GPDR (General Data Protection Regulation).