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Stay ahead of ADA/PCI compliance: important updates for your business
As part of Paysafe’s ongoing commitment to providing valuable information to our partners and merchant customers, we want to bring your attention to crucial updates regarding ADA (Americans with Disabilities Act) and PCI (Payment Card Industry) compliance.
Understanding ADA Compliance for Terminal/PIN Pad Stands: What You Need to Know
The Americans with Disabilities Act (ADA) ensures equal access for people with disabilities, and recent updates by the U.S. Access Board are set to impact businesses’ requirements for accessible Point-of-Sale (POS) devices. It’s important to note that failure to comply with these regulations can result in substantial fines and penalties. Here are the key points to keep in mind.
POS Device Requirements
All businesses are required to abide by ADA, with the exceptions of churches and private clubs.
Enforcement and Penalties
The Department of Justice (DOJ) oversees ADA compliance, with fines starting at $75,000 for non-compliance and increasing for subsequent offenses.
California imposes additional fines ranging from $4,000 to $6,000, and civil lawsuits are also possible. This is under CAL-FIN 13082.
Tax Credits for SMBs
The IRS provides a 50% tax credit for the purchase of assistive technology. Paysafe’s recommended partner’s patented ADA-approved stands qualify for this credit.
How Paysafe can help
We understand the importance of being proactive in adapting to these changes. While Paysafe is not selling or contracting any products, we want to equip our partners and merchants with the necessary information and refer a partner. Taylor POS‘s patented ADA-approved stands can be a useful resource.
We are providing this information for your awareness and benefit, emphasizing the importance of ADA/PCI compliance.
We believe that by staying informed and taking proactive steps, we can ensure a seamless transition to ADA/PCI compliance.