Reading time: 2 – 2 minutes
The emergence of new threats on credit card security continuously challenges merchants on a daily basis thereby PCI Security Standard compliance has been a keen requirement to counter the possibility of any harmful impacts these may have on consumers. As merchants try to keep up with PCI Security Standards, the cost, time, and resources that come along with it are just overwhelming and as the recent breaches have proven, even merchants that are compliant find PCI compliance management does not guarantee security.
However, a smarter approach to PCI compliance had been developed using credit card tokenization and Transparent Redirect method. This unique and secure credit card data storage solution collects the sensitive data that is entered directly from the merchant’s website whenever payment is made by a customer. The data then never touches the merchant’s server instead these data or credit card information are stored in a vault and a unique “token” is returned to the merchant after the transaction. The “tokens” are as good as credit card that can be used for future sales, refunds, voids, credits, reporting and reconciliation. This solution completely eliminate the handling, processing and storage of credit card data without changing the user interface while providing merchants full control over the data which makes it useless to criminals even if the token are stolen. With this emerging security trend, the scope of PCI Compliance is significantly reduced and simplified and no credit card data is compromised.
Suggested for further reading:
- ATM Card Skimming and PIN Capturing Scams Exposed Reading time: 2 – 2 minutes Most of us may not be aware that at some point when we always thought that withdrawing cash from ATMs guarantee us full security then better think again. As criminals continue to lurk in our society, we cannot remain complacent because there are variety...
- Choosing the Right Web Hosting Solution Reading time: 1 – 2 minutes Choosing the most appropriate web hosting solution is crucial to your business and success. I would like to be more particular on choosing the most relevant web hosting service depending on your needs. There are too many sprouting and fly-by-night web hosting providers lurking...
- Keystroke Encryption Tool for Identity Theft Prevention Reading time: 2 – 4 minutes If at this point you still don’t know that you’re keystrokes could be recorded from your keyboard and be extracted to steal your vital information, then basically you need to read on. You may not be safe most of the time these days as...
Did you enjoy this article? Please subscribe to Software Critics via RSS or Email to receive all the FREE updates!
