Financial services companies have to adapt to the changes as well as complexities in the payment card industry (PCI) regulatory environment in regard to credit cards. This is done through a point-to-point encryption (P2PE) payment device that is PCI certified. P2PE provides a solution that maximizes security for credit card transactions. The Payment Process In order…
As a business owner it is important to make sure that your business is taking the proper steps to secure its data. Especially if you own a small to medium sized business. Laura K. Gray’s article on blog.pcisecuritystandards.org informs that almost half of 2015’s cyber attacks worldwide were against businesses who had 250 employees or less.…
PCI stands for payment card industry. PCI compliance ensures the safety of credit card information during and after all transactions, according to an article from searchcompliance.techtarget.com. The article also lists the 6 main requirements for being PCI compliant. First you want to make sure that the network that you are maintaining is secure. Many merchant service…
You’ve heard of the gradual shift from cards sporting magnetic strips to EMV chips, but wonder if there’s any real rush. The fact is that this technology, named after EuroPay, MasterCard and Visa, is quickly becoming the norm. Along with keeping up with the times, the importance of being EMV compliant also extends to protecting…
Accepting major credit cards provides your customers with more convenient options to pay for purchases. What it also does is create a potential issue with the unauthorized used of credit cards by unscrupulous individuals. Along with triggering financial issues for the actual cardholders, it also can wreak havoc with your revenue stream. Here are some…
The United States is currently undergoing a transition to EMV, or so-called “chip and pin” credit and debit cards, rather than cards that have magnetic strips on them. The more advanced cards have internal microchips, and require a person to insert the card into a special reader. If it is a debit card, they will…
The Payment Card Industry Data Security Standard (PCI DSS) has come a long way since its origins in the late 1900s, which is also commonly known as “dawn of the Internet era.” However, over the years, despite its humble beginnings, there have been many dramatic and traumatic twists and turns. Payment card compliance experts at SearchSecurity have created an infographic that…