October 9, 2014 (Wayne, NJ) – Third Wave Business Systems, a leading SAP Business One implementation and development partner, today announced that its Advanced Productivity Pack and Credit Card Processing solutions for SAP Business One are now available on SAP HANA.

“The number of businesses implementing SAP HANA is steadily increasing so there’s a need for the right add-ons to get the most out of this solution. By making APP and Credit Card Processing available for SAP Business One for SAP HANA, we’re enabling companies to customize their environment and securely process credit cards with ease,” said Korey Lind, Third Wave’s CEO. “These product releases reinforce our commitment to this powerful platform.”

Companies are easily able to use APP to customize their SAP Business One environment in order to be more productive. No programming skills are required for them to add new controls, move fields, set mandatory fields, custom validations, and integrated menus, in order to make SAP more powerful and flexible as a business management solution. Third Wave’s Credit Card Processing is the only PA-DSS certified solution available for SAP Business One for SAP HANA, providing companies with the security of PCI compliance along with the features to run their payment processes.

Third Wave will continue to make its SAP certified Business One add-ons available for SAP HANA. These include solutions for Electronic Funds Transfer, Chargeback Processing, Return Materials Authorization, shipping integration with the major carriers, and MICR check printing. These are being used worldwide by SAP Business One customers to streamline their operations and improve their return-on-investment.

About Third Wave Business Systems

Third Wave Business Systems specializes in the implementation of business management systems to provide clients with a competitive advantage in their industries. It is a leading developer of SAP Certified Integrations that extend the power of the SAP Business One platform. These solutions are being used worldwide by SAP Business One customers to streamline their operations and improve their return-on-investment. Third Wave Business Systems is recognized as a Microsoft Silver ERP and Development Partner, SAP Business One Gold Partner, and SAP Pinnacle Award recipient. It has been recognized by both Microsoft and SAP for high levels of customer satisfaction due to the high quality of their consulting staff.  For more information, please visit the company’s web site at www.twbs.com.

Your data is always at risk for breaches and the costs can be significant if your information is compromised. In order to demonstrate that your systems are secure, you have to complete and pass a PCI audit. Failure to do so can result in losing the ability to receive credit card payments and heavy fines. Achieving PCI compliance applies to any merchant that has a Merchant ID (MID), regardless of size or amount of transactions.

Ultimately, PCI DSS requirements apply to any customer who pays the merchant using a credit or debit card. Compliance with Payment Card Industry Data Security Standard (PCI DSS) means that your systems are secure and your clients can feel safe knowing their payment card information is secure. In a time where millions of people are victims of identity theft each year, establishing trust with your clients is critical.

Within PCI compliance, there are 4 compliance levels where any merchant can:

1. Processes over 6 million Visa transactions per year
2. Processes from 1-6 million Visa transactions per year
3. Processes 20,000 to 1 million Visa e-commerce transactions per year
4. Processes less than 20,000 Visa e-commerce transactions per year

If you don’t attain compliance, one small data breach can damage your reputation and hinder your ability to conduct business effectively in the future. Additionally, it could lead to heavy fines that destroy your business.

Luckily, Third Wave’s Credit Card Processing solution is the first SAP add-on that is PCI PA-DSS certified.   Third Wave provides quick and seamless credit card processing within SAP Business One while saving you time and money with each transaction your perform. With Credit Card for SAP Business One, you can be assured that any transaction you make is done securely and safely!

Watch the video below to get a better look at Third Wave’s PCI Compliant Credit Card Processing solution!

In 2010, a new PCI Compliance standard was set in place to protect sensitive credit card information and merchants who process credit cards. If your organization process credit cards with SAP Business One or any other ERP, you should recognize the PCI requirements and assure your organization is operating within their boundaries.

Who should be Concerned about being PCI Compliant?

Any organization that processes, transmits, or stores credit card information. Publicity of security breaches has recently been focused on larger companies, Visa reports that the majority of breaches are taking place at small businesses.

Why Become PCI Compliant

As a wholesaler, if your system is breached and credit card information is stolen, PCI fines can be as high as $500,000 per incident. In severe cases, merchants can even be given the “Death Penalty,” preventing them from accepting credit cards.

How To Become PCI Compliant

It is highly recommended that companies engage a Qualified Security Assessor (QSA) to guide them through the process to become and maintain a PCI Compliant environment. There are twelve mandated security requirements that need to be met and maintained. A very important piece of PCI Compliance is leveraging the use of a PA DSS certified credit card solution to handle transactions.

Software publishers who have developed PA DSS certified products are continually developing additional security features to meet the ever changing PCI Compliance standards. As developers of software solutions for SAP Business One, Third Wave Business Systems has met all of the requirements and we have therefore been awarded PA DSS certification in 2010 for our credit card processing solution.