Fraud and Consumer Confidence in Emerging Payment Technologies

When submitting payment, consumers are concerned about security. The Target security breach in December 2013 sparked widespread consumer skepticism concerning stored credit card data. The breach led to doubt with regard to information integrity at retailers. It also led to fear about fraudulent attempts to steal personal data. Today’s consumer is unsure about security in a world with many emerging payment options including mobile technologies. The daily news is flush with data breaches and attempts to gather personal information from individuals. Both organizations and consumers are on high alert for signs of deceptive and fraudulent behavior. Phone scams, otherwise known as vishing, are common knowledge but can still pose serious risk to potential victims. More and more intimate details are being brought into fraud attempts.  As these attempts grow more complex and specific, consumers are more likely to make rash decisions leading to increased risk. According to BBC News, in…

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Common Questions about PCI Compliance

4 Answers to Common Questions About Compliance With PCI Data Security Standards

PCI DSS and the PCI SSC requires ASV scans and SAQs for every merchant. Bleh. Enough with all the jargon. Here are some questions that we’ve been asked over the years with transparent, easy-to- understand answers. When you boil it down, PCI compliance is simple. Let’s start by de-mystifying those acronyms … PCI DSS – Payment Card Industry Data Security Standards. These are the benchmarks for security that every merchant account that accepts credit cards needs to meet. PCI SSC – Payment Card Industry Security Standards Commission. Basically this is Visa®, MasterCard®, Discover® and Amex®. They’re technically an independent organization that defines the standards for data security. ASV – Approved Scanning Vendor. These are companies that are approved to scan your network and tech systems to ensure that they’re in compliance. SAQ – Self-Assessment Questionnaire. This handy tool lets you do a self-check-up that will help you understand if you’re…

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