Preview

PCI Compliance

Good Essays
Open Document
Open Document
797 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
PCI Compliance
The moment transactions moved from paper to plastic payment was a huge event in history. For the first time, data could be processed with the simple swipe of a card or entry of account numbers faster than traditional checks and cash payments. Companies everywhere today are experiencing the advantages that come with this merchant service, like improved customer service and PCI compliance.

A Better Customer Experience

Superior credit card processing services can translate into a more positive customer experience overall in several ways. First of all, accepting a wide range of payments will show your dependability as a company to your customers. You should take not only all of the major credit cards as payment, but debit cards as well. Another
…show more content…
Stop security breaches before they happen by using merchant services that ward off the risks of fraud and identity theft. Regular duties to perform include quarterly scans of system operations, evaluations of routine procedures and self assessments to make sure that your establishment is on track. Ignoring the Payment Card Industry standard can have dire consequences, from losing your clients' respect to paying Card Association fines and damaging your reputation.

A merchant service plan that centers on PCI compliance includes many benefits, from increased data protection to state of the art equipment that shields credit card numbers from wandering eyes. New equipment should be in line with PIN encryption guidelines, while online transactions need to be watched over by fraud detection instruments. No matter which industry you belong to, you must employ a credit card processing system that strictly adheres to PCI compliance for the benefit of your customers and your company alike.

The Latest
…show more content…
Online orders will prosper with an excellent e-commerce solution, like a reputable online gateway. A good gateway platform can support trading, e-commerce and portal web sites, while integration methods make it easy to get connected with custom software. With encryption and security procedures, your customers' data will be safe from harm so that they can purchase with confidence. You'll love the tech support available to merchants, with phone and internet chat options that you can turn to with any questions or problems that arise. Do your part in selecting a phenomenal online payment system, and the rest will practically take care of

You May Also Find These Documents Helpful

  • Satisfactory Essays

    *Note: If third party is to host the payment process and procedure. They will be responsible to uphold the PCI DSS standards, they will be held liable if failure to maintain compliance.…

    • 565 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    For example areas of concern need to be addressed such as customer information and the security features. Another area of importance is the new system needs to follow compliance such as PCI-DSS (Payment Card Industry Data Security Standard). In addition, the security standards for information technology must be put in place. Lastly, the document will address ethical responsibility to Kudler’s when implementing the new system.…

    • 1124 Words
    • 5 Pages
    Better Essays
  • Better Essays

    Jc Penny

    • 1009 Words
    • 5 Pages

    From its online payment options to 24 hour, 7 days a week customer service line, to online order tracking, J.C. Penny’s has found a way to offer better service to satisfy the customer. The focus on the customer continues with the implementing of advanced checkout technologies. The advanced technology had come in the form of hand held merchant scanners. These scanners allow associates to process credit/debit card transactions on site, anywhere in the store. (JCP Online, 2013) This allows the consumer to quickly enter and conclude their business without…

    • 1009 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    Project part 6

    • 406 Words
    • 2 Pages

    PCI DSS stands for Payment Card Industry Data Security Standard. PCI DSS originally began as five different programs: Visa, MasterCard, American Express, Discover and JCB data security programs. Each company creates an additional level of protection for card issuers by ensuring that merchants meet minimum levels of security when they store, process and transmit cardholder data. PCI DSS specifies 12 requirements for compliance, organized into six logically related groups called control objectives. Each version of PCI DSS has divided these 12 requirements into a number of sub-requirements differently, but the 12 high level requirements have not changed since the inception standard. The control objectives are Build and maintain a secure network, protect cardholder data, maintain a vulnerability management program, implement strong access control measures, regularly monitor and test networks and maintain an information security policy. The requirements for compliance are, install and maintain a firewall configuration to protect card holder data, do not use vendor-supplied defaults for system passwords and other security parameters, protect stored cardholder data, encrypt transmission of cardholder data across open public networks, use and regularly update anti-virus software on all systems commonly affected by malware, develop and maintain secure systems and applications, restrict access to cardholder data by business need-to-know, assign a unique ID to each person with computer access, restrict…

    • 406 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The justification for best practice is you want to make the credit card information as secured as possible. The company will be handling the income of people and if…

    • 619 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Unit 1 Assignment 1

    • 286 Words
    • 1 Page

    In today’s era, everyone pays with credit cards or debit cards. This healthcare organization will need to be PCI DSS compliant. PCI Security Standards are technical and operational requirements set by the PCI Security Standards Council (PCI SSC) to protect cardholder data. The Council is responsible for managing the security standards, while compliance with the PCI Security Standards is enforced by the payment card brands.…

    • 286 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    PCI DSS Compliance

    • 333 Words
    • 2 Pages

    To be in compliance with the PCI DSS Compliance Yield more must do the following Build and maintain a secure network, Protect cardholder data, Maintain a vulnerability management program, Implement strong access control measures, Regularly monitor and test networks, Maintain an information security policy. To remained in compliance of the PCI DSS Compliance I am recommends the following for the control objective of Build and maintain a secure network- I am recommends that we Install and maintain a firewall configuration to protect cardholder data and Do not use vendor-supplied defaults for system passwords and other security parameters.…

    • 333 Words
    • 2 Pages
    Good Essays
  • Good Essays

    HIPAA Compliance Analysis

    • 835 Words
    • 4 Pages

    The council has set rules which are very streamlined and could be easily implemented by any business entity. The PCI-DSS documents clearly details the kind of payment card information that could be stored, and also clearly states the ports that needs to be verified to be compliant which makes it easy for any implementer to ensure compliance (Payment Card Industry Data Security Standard , 2015). Hence, a small store requiring to be compliant with PCI DSS standards can look at hiring independent contractors to ensure compliance levels are met, and need not make a significant investment with regards to time and money to ensure compliance. Also, we have to accept that the PCI DSS standards are created with minimal requirements and aren’t too stringent. The framework is a bare minimum requirement required to operate in the payment processing…

    • 835 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    HIPAA Research Paper

    • 564 Words
    • 3 Pages

    Strict polices and procedures should be followed to access the systems where the payment data is stored and access to those systems should be…

    • 564 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Mnc Case Study

    • 843 Words
    • 4 Pages

    Because We provide payment transaction processing services, including the processing of credit and debit cards, and our proprietary cash card, and it could temporarily disrupt our business if these companies become unable to provide these services to us. We are also subject to payment card association rules and network operating rules, including data security rules, certification requirements and rules governing electronic funds transfers, which could change over time. If fail ,these rules or transaction…

    • 843 Words
    • 4 Pages
    Good Essays
  • Good Essays

    It’s important to not only build a relationship with the credit card issuer but also to manage your account responsibly. This means making your payment on time every month and following the credit card issuer’s guidelines.…

    • 484 Words
    • 2 Pages
    Good Essays
  • Good Essays

    The American Express Card

    • 10361 Words
    • 42 Pages

    chairman and chief executive officer since 2001, and Al Kelly, president of American Express Company.…

    • 10361 Words
    • 42 Pages
    Good Essays
  • Better Essays

    The key challenges TJX faced was implementing cybersecurity into their overall business model and emphasizing its importance on a corporate level. This required management and IT to align their security strategies (under the rules and regulations of PCI DSS) and take a “business back” approach, putting the focus on important business asset. More specifically, various issues involving both TJX and the other players in the credit card payment network include:…

    • 1054 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    Barclaycard

    • 11737 Words
    • 47 Pages

    Collin Hudson, Derek Donnan. (2008). ACI Worldwide - Case Studies. Retrieved September 29th , 2008, from ACI Worldwide - payments software: www.aciworlwide.com/pdfs/CaseStudy_Barclaycard.pdf…

    • 11737 Words
    • 47 Pages
    Powerful Essays
  • Powerful Essays

    Credit Card Functioning Years in which Citibank entered countries. Population statistics Economic statistics Manager¶s Opinion.…

    • 1904 Words
    • 8 Pages
    Powerful Essays