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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PCI Compliance

Does PCI Compliance apply to my business?

Many merchants are confused about what the Payment Card Industry (PCI) compliance is. Some also find themselves confused on whether PCI compliance applies to them. The simplest of answers is, yes, it applies to your business. To understand why the confusion exists, let’s talk about what the PCI standard is and why it is required for all businesses that accept credit cards. The PCI Security Standards Council was formed in 2006 by AMEX, JCB International, Visa Inc., MasterCard and Discover. The Council established PCI Data Security Standards (DSS) which is a set of guidelines regarding cardholder data security. The official site for PCI Compliance, contains a great source of information for merchants. Any merchant or financial institution that handles cardholder data is subject to the PCI DSS Standards. Merchants mistakenly assume that if their credit card processor or merchant services provider doesn’t require them to be PCI compliant, that they…

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Inside The EMV Chip

Every one of us that has a credit card has heard about the rollout of EMV chip and pin cards. However, we’re all left scratching our heads about why this is such an important issue for merchants and consumers. Let’s clarify why this technology is important for everyone and how it can improve the future of payments. EMV in The Checkout Line Most of us have had the experience of waiting in line at the grocery store for the payment terminal to beep at us angrily to remove our card. When you insert your card into the terminal, the chip connects to the reader in the terminal. Every card that is handed out by the banks has a unique identifier that is used to validate the purchase. Every time the card is used a new transaction key is generated from the identifier. This ensures the card cannot be duplicated. If an attacker were…

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