Protect Your Merchant Account With Secure Payment Methods
March 28th, 2008Are your current payment processing methods secure? The Payment Card Industry Data Security Standards were created to make sure payment gateways keep your data secure. Payment Card Industry payment gateways are fully compliant with all Payment Card Industry Data Security Standards. This gateway system provides vital protection for e commerce merchants that process credit cards. Payment Card Industry (PCI) Data Security Standard (DSS) is the world wide standard for consumer data protection across the payment industry. The regulation is used to protect credit card information from being stored, processed or transmitted by non PCI certified entities. PCI standards require organizations that handle bank cards to conform to security standards and follow certain levels of requirements for testing and reporting. The Standard offers a single approach to safeguarding sensitive data for all card brands. Each card type has a different name for PCI. Master Card - Site Data Protection (SDP) Program. VISA - Cardholder Information Security Program (CISP). American Express - Data Security Requirements. Discover - Discover Information and Security Compliance (DISC). Consequences for failing to comply with all data security regulations are very serious. Fines and penalties, starting at $25,000, may be accessed against the merchant banks.
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