The recently released Payment Card Industry data-security standard (PCI) Version 2.0 does not contain any major changes. But, there were some small revisions for payment processing security.Clarifications and additional guidance included in the updates include:New language involving the scope of..
Health care payment processing for medical services are handled in a dismally ineffective way by the majority of medical care providers. Physicians and hospitals are collecting only 50% health care payments from insured patients. For the uninsured, the portion of patient payments drops to a..
The health care industry, including medical billing companies, physicians, and hospitals, is required to be compliant with payment processing regulations. Yet, few participants understand the compliance necessary. As a result, the majority of the health care providers are non-compliant.And, the..
The economic downturn has resulted in fewer consumers using credit cards. The number of consumers actively used credit cards dropped to 56% last year, down 31 percentage points from 2007. Predictions for 2010 indicate further drops, with only 45% of consumers using credit cards for..