PCI DSS Compliance – The How to of Becoming a Compliant Merchant
Posted on April 25, 2010 | No Comments
Marc Trimble asked:
The name PCI which means Payment Card Industry is created by the major credit card industry namely Visa, MasterCard and American express. The PCI DSS is compliance for all merchants and all business owners who offer a credit card as the payment option for transaction over the internet. Demand of this type of compliance is increased as the cases of security breaches and fraudulent transaction are increasing over internet.
This compliance will ensure the buyer that the credit card information he is using to buy a product will be secure and the data stored on merchant’s side will not be used without the permission of card owner. There are many cases in which the merchants who have been failed to comply with these regulations have ended up with stolen data or sensitive information of customers.
If you offer a product of your business on internet, it is very essential that a secure portal must be maintained. Means a portal which store or processes the credit card data of a customer must be encrypted or secured by other means. Many online transaction the servers on which the product website is hosted, become the security issue for the user world. There are hosting provider which ensure the security by SSL (secure socket layer) or by other means. But all these security can be breached. With the advancement in technology it is no longer an issue for a hacker to stole your personal data even it is stored on your personal laptop and your network do not have any firewall installed on it.
The merchants are obliged to store or process the consumer’s data securely. The web servers on which the data or a card owner is stored must be tested on regularly basis in addition to this it must be monitored with daily activity using ASV.
Always keep in mind if you are getting the PCI compliant it is just like an investment which get you the trust of your customers and ensuring the security. If your business is PCI compliant your consumers will have assurance and confidence in using their credit cards for transactions.
Kansieo.com
The name PCI which means Payment Card Industry is created by the major credit card industry namely Visa, MasterCard and American express. The PCI DSS is compliance for all merchants and all business owners who offer a credit card as the payment option for transaction over the internet. Demand of this type of compliance is increased as the cases of security breaches and fraudulent transaction are increasing over internet.
This compliance will ensure the buyer that the credit card information he is using to buy a product will be secure and the data stored on merchant’s side will not be used without the permission of card owner. There are many cases in which the merchants who have been failed to comply with these regulations have ended up with stolen data or sensitive information of customers.
If you offer a product of your business on internet, it is very essential that a secure portal must be maintained. Means a portal which store or processes the credit card data of a customer must be encrypted or secured by other means. Many online transaction the servers on which the product website is hosted, become the security issue for the user world. There are hosting provider which ensure the security by SSL (secure socket layer) or by other means. But all these security can be breached. With the advancement in technology it is no longer an issue for a hacker to stole your personal data even it is stored on your personal laptop and your network do not have any firewall installed on it.
The merchants are obliged to store or process the consumer’s data securely. The web servers on which the data or a card owner is stored must be tested on regularly basis in addition to this it must be monitored with daily activity using ASV.
Always keep in mind if you are getting the PCI compliant it is just like an investment which get you the trust of your customers and ensuring the security. If your business is PCI compliant your consumers will have assurance and confidence in using their credit cards for transactions.
Kansieo.com