Local firm helps retailers acheive compliance

January 28, 4:45 PMMinneapolis Business ExaminerBonnie Harris

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If the economy weren't enough of a challenge, many retailers are still struggling with a new regulatory compliance for credit card payments. The Payment Card Industry (PCI) Data Security Standard (DSS) is a fairly new set of requirements for enhancing payment security. Although we should want the most secure transactions possible, achieving compliance for the PCI DSS is adding overhead to the already struggling retailers in Minnesota.

Global beauty industry leader Regis Corporation recently attained compliance thanks to the help of a small Minneapolis tech firm, QBS.  Owned by former Fingerhut executive Martin Beukhof,  QBS recently began focusing on helping retailers like Regis find the most efficient, cost-effective path to compliance.

Requirements for PCI DSS compliance can seem so overwhelming that many lower volume retailers have simply not tackled the problem. But those companies will not be allowed to fly under the radar for long, says QBS' Director of Professional Services Brian Grafsgaard. For that reason, QBS has developed what they call a "holistic" methodology for analyzing and planning a roadmap to compliance that smaller firms can afford.  It just might be the answer to avoiding costly penalties for smaller retailers just barely making it by.