The 12 Mandated PCI Compliance Policies: Is Your Organization Doing All It Can?

If you work as a merchant in the payment card industry (PCI) pipeline, then you know that dealing with PCI compliance is a challenge. Sorting through the many rules and regulations is time-consuming and painstaking work; however, the time spent is worth it when you realize that PCI compliance helps provide shelter for you in case there is a breach. We studied the 12 mandated PCI compliance policies and have come up with a few tips for coping with this issue. Let’s start with the basics. PCI DSS Payment Card Industry Data Security Standards (PCI DSS) comprises the globally accepted policies and procedures of the payment card industry. The Payment Card Industry Security Standards Council developed and maintains these standards. The payment card industry and all merchants, retailers and other organizations of any size that accept payment by credit cards and process, store, or transmit cardholder financial information or authentication…

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Why EMV is Important For Restaurants

If you’re just hearing about EMV now, then I have some bad news for you. EMV rollout started about a year ago and has since passed one major deadline, Oct 1st 2015, for merchants. This deadline dictated that the merchant is now responsible for chargebacks and fraudulent transactions. During the rollout of EMV many business owners were slow to adopt the technology. Especially in restaurants where we still see that most if not all are relying solely on magstripe. Many restaurant owners refuse, or delay upgrading over the pure convenience that magstripe has provided them for years. Even though they’re the ones bleeding out cash in fees and chargebacks each month. Magstripe vs EMV EMV transactions rely on a small embedded chip programmed with a special token. The chip gives it the ability to dynamically generate a secure transaction between the bank and the card. Every time the card is…

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The Cost of a Breach

The Cost of a Breach

As our businesses grow we are increasingly relying on collecting customer data and storing it for future use. Even if you aren’t planning on it, more data is collected today at the register than ever before. Storing more data can cause more problems such as making us look tastier to hackers across the globe. Data breaches are more commonplace and harder to spot than we think. According to IBM’s 2015 Global Study, the total increase in data breaches across the companies participating in a survey has risen to around 23% and that’s just the companies that chose to participate! Our data is extremely important to us and we unwillingly give it away on a day to day basis. Growing companies sometimes get away from the fact that software will sometimes require complete refactoring when technology gets old. The cost of updating and redesigning software can be expensive but with the cost…

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