Spotlight On: Bank of America, a New Principal Participating Organization

 

Welcome
Bank
of
America,
a
new

Spotlight On: Bank of America, a New Principal Participating Organization



 


Welcome
Bank
of
America,
a
new


Principal
Participating
Organization
(PPO)

at
the
PCI
Security
Standards
Council!
In
this
special
spotlight
edition
of
our
PCI
Perspectives
Blog,
Tim
Thomas,
VP,
Sr.
Product
Manager,
PCI
Programs,
at
Bank
of
America
introduces
us
to
his
company
and
how
they
are
helping
to
shape
the
future
of
payment
security.
 


Tell
us
about
your
company.

Bank
of
America
is
one
of
the
world’s
leading
financial
institutions,
serving
individual
consumers,
small
and
middle-market
businesses,
and
large
corporations
with
a
full
range
of
banking,
investing,
asset
management
and
other
financial
and
risk
management
products
and
services.
The
company
provides
unmatched
convenience
in
the
United
States,
serving
approximately
67
million
consumer
and
small
business
clients
with
approximately
3,900
retail
financial
centers,
approximately
16,000
ATM
and
award-winning
digital
banking
with
approximately
56
million
verified
digital
users.
Bank
of
America
is
a
global
leader
in
wealth
management,
corporate
and
investment
banking,
and
trading
across
a
broad
range
of
asset
classes,
serving
corporations,
governments,
institutions,
and
individuals
around
the
world.
Bank
of
America
offers
industry-leading
support
to
approximately
3
million
small
business
households
through
a
suite
of
innovative,
easy-to-use
online
products
and
services.
The
company
serves
clients
through
operations
across
the
United
States,
its
territories
and
approximately
35
countries.
Bank
of
America
Corporation
stock
(NYSE:
BAC)
is
listed
on
the
New
York
Stock
Exchange.


Why
did
your
company
decide
to
become
a
Principal
Participating
Organization?

We
decided
to
become
a
Principal
Participating
Organization
so
that
we
could
participate
in
discussions
around
the
future
of
the
payment
card
industry
and
bring
the
perspective
of
small
merchants,
acquirers,
and
large
enterprises
to
those
discussions.


ppo-600x150


Which
benefits
are
you
most
looking
forward
to
as
a
Principal
Participating
Organization?

We
are
looking
forward
to
meeting
with
the
Roadmap
Roundtable
Group
and
the
Technology
Guidance
Group,
as
well
as
continuing
our
role
in
the
Small
Merchant
Task
Force
and
participating
in
the
Request
for
Comments
(RFC)
process.
We
also
look
forward
to
the
opportunity
to
speak
with
our
peers
and
others
in
the
FinTech
community
about
the
evolution
of
the
industry.
We
will
certainly
take
advantage
of
all
the
additional
benefits,
but
those
stand
out
as
we
start
our
PPO
journey.


Why
is
it
important
for
companies
to
get
more
involved
with
the
PCI
Security
Standards
Council,
especially
at
the
Principal
Participating
Organization
level?

At
the
PPO
level,
organizations
across
the
spectrum
of
payments
and
security
can
have
their
voices
heard,
help
influence
the
direction
of
the
PCI
Security
Standards
Council,
and
be
informed
early
about
upcoming
changes.
At
this
level,
you
can
truly
bring
to
the
table
your
experience
and
views
on
the
issues
around
payment
security
for
discussion.


What
are
some
payment
security
topics
that
you’re
interested
in
collaborating
on?

Currently,
we
are
interested
in
PCI
DSS
v4.0
issues
around
SAQ
A
and
how
small
merchants
can
understand
their
obligations.
Additionally,
eCommerce
continues
to
be
a
source
of
much
confusion
with
small
merchants
and
is
worth
discussing. 




Learn More About Joining as a Principal Participating Organization

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