OmegaFi is now recognized as a valued service provider on the Visa Global Registry of Service Providers after meeting the rigorous requirements of Visa, Inc and the Payment Card Industry (PCI) Standard, displaying a commitment to protecting customers from theft and fraud at a higher level than any of its competitors.
As the only fintech company working with fraternities and sororities to achieve this exclusive accreditation, OmegaFi continues to invest in and display its focus on data security by adhering to strict industry standards. As Visa explains, organizations “should reference the [Visa registry] site regularly as part of their due diligence process, and should only use service providers that are listed on the Registry for outsourcing payment-related services.”
“We process more than a million transactions every year, and we collect more than a million dollars every day. Each of those transactions and every dollar means a commitment to ensuring we’re following industry standards at the highest level for our customers,” said OmegaFi CEO Fred Maglione. “In an era where a new data breach is reported every week it seems, this level of third-party validation and certification sets us apart from other service providers in terms of commitment to customer data and financial security.”
Working with a compliant payments processing company ensures organizations that accept credit card payments are meeting their legal and compliance requirements. To be approved to accept a credit card payment, there are numerous requirements organizations must meet to provide a secure service. OmegaFi takes the stress out of these compliance obligations for individual fraternity and sorority chapters, house corporations and inter/national headquarters.
In addition, working with a highly secure and compliant software company like OmegaFi ensures the members of the fraternal organization are protected from theft and fraud. Protecting members, parents and donors against unauthorized transactions is critical. It also safeguards businesses and organizations against reputational loss that often follows a financial breach.
OmegaFi is a fintech company that simplifies operations for chapters, clubs, and groups with easy-to-use online tools to collect dues and rent, pay bills, and manage attendance, calendars, member communication and recruitment. The 30-year-old company helps fraternities and sororities, Greek housing corporations, Greek national headquarters, professional fraternities and member-based clubs, solve problems and achieve their dreams so they can focus on their mission.