To achieve PCI compliance, software providers must undergo the lengthy and costly process of validating their application(s). This involves a security audit from a Qualified Security Assessor (QSA) and the development time and expense to bring the application into compliance. These costs can range from tens to hundreds of thousands of dollars.
Additionally, software providers are required to pay $1,250 annually (per software application) to have their solution listed as a validated PA-DSS-compliant solution.
Element's Hosted Payments allows software providers to remain out of scope for PCI Compliance, and avoid the significant cost and effort of achieving validation.
And, since Element's Express Processing Platform not only meets but exceeds PCI DSS compliance requirement (and is recognized as a compliant service provider) you and your merchants are protected from cardholder data breaches.