Darrel Anderson Executive VP, Sales and Client Solutions CSR

Dino Sgueglia President and Chief Executive Officer My Clear Reports

CSR, the preeminent global provider of award-winning data compliance solutions and expert business services that turn compliance activities into revenue, has announced a strategic partnership with My Clear Reports. CSR’s patented PCI ToolKit and the patent-pending CSR Breach Reporting ToolKit solutions will now be available from the company’s MCR virtual business center. Used by tens of thousands of merchants nationwide, MCR helps payment processors make big money from their portfolios through a host of value-added solutions and services that merchants can access anytime, anywhere from their computers or mobile devices.

“It’s mission critical to provide the best available business services for merchants from our MCR virtual business center,” says Dino Sgueglia, president and chief executive officer for My Clear Reports. “CSR makes compliance easy in what is a very complex and ever-changing business environment,” adds Sgueglia. “Partnering with CSR enables us to provide best-in-class merchant solutions for PCI compliance and data breach reporting, plus gives our payments provider customers yet another great way to generate recurring revenue.”

“My Clear Reports embodies the kind of innovative partner and solution provider that CSR likes to work with,” says Darrel Anderson, CSR executive vice president, sales and client solutions. “Their ability to create portfolio value, while at the same time satisfying a critical end-user need, is certainly how leading edge portfolio managers should be thinking in tough economic times and highly competitive selling environments,” adds Anderson.

CSR’s patented PCI ToolKit solution takes the headache and hassle out of complying with the Payment Card Industry Data Security Standard (PCI DSS) for card-accepting merchants. PCI DSS is a set of information security requirements that entities who store, process or transmit cardholder data must meet. It is endorsed by all the major card brands, including Visa, MasterCard, Discover and American Express. The PCI ToolKit’s patented process helps merchants complete compliance validation quickly and easily without time-consuming support. More than 82 percent of merchants who use the PCI ToolKit successfully complete validation.

The patent-pending CSR Breach Reporting ToolKit solution delivers the right information at the right time to the right regulating bodies in the event of a suspected or actual data breach. Breach reporting is complex and not an easy task. Regulations vary state-to-state, and where federal law applies, it preempts what individual states require. The card brands, as well as other pertinent national and international governing bodies, also have reporting requirements. The CSR Breach Reporting ToolKit is the only national service of its kind. It identifies, prepares and files mandated reports to countless oversight authorities in a timely fashion on behalf of businesses, both large and small.

After a thorough review and vetting of several PCI compliance services, My Clear Reports chose to incorporate CSR’s PCI ToolKit into its MCR virtual business center for merchant ease-of-use, reliability and the robustness of the CSR service model. The unique CSR Breach Reporting ToolKit will help MCR users tackle the important, but complicated steps of properly reporting data loss in an effort to avoid the consequences of noncompliance, such as greater regulatory scrutiny and financial, civil and even criminal penalties for negligence.

CSR is the leading provider of data compliance products and expert business services that helps organizations turn compliance into revenue, both domestically and around the globe. We enable compliance with Payment Card Industry (PCI) standards and Personally identifiable information (PII) requirements while facilitating best practices to reduce the business risk and financial liability associated with the acquisition, handling, storage, sharing and disposal of data while creating substantial revenue streams.

The company is a PCI Security Standards Council Participating Organization and is a member of Merchant Acquirers’ Committee (MAC), International Association of Privacy Professionals (IAPP), Electronic Transactions Association, European Privacy Association, Hospitality Financial and Technology Professionals (HTFP) Association, and National Indian Gaming Association (NIGA). Founded in 1999, CSR is a privately held corporation headquartered in Jensen Beach, Fla.

My Clear Reports is a payments technology provider offering solutions and services to help merchant acquirers, Independent Sales Organizations (ISOs), banks and processors make more money from their merchant portfolios, while increasing merchant satisfaction and retention, and reducing expenses. The company’s executive team has decades of industry experience running payments companies, offering full-service payment processing and merchant rewards. The company is a member of the Electronic Transactions Association (ETA) and is headquartered in Westbury, N.Y., with a West Coast office in Westlake Village, Calif.