Some of the hidden costs of taking credit and debit card payments are fraud and chargebacks — areas where a card is used in a criminal way, or where a customer disputes a transaction. Left unchecked, these can be very expensive for retailers and merchants, with $8 billion in money lost to credit card fraud in 2016.
For many organizations, achieving and maintaining PCI compliance can be difficult and time consuming.
If you’re dealing with credit card payment information, sensitive financial data, or other details relating to money and finances, you need to ensure your data is safe.
Businesses considered “Level 4” must comply with new Visa data security regulations, including the use of Qualified Integrators and Resellers (QIRs) for installing equipment and validating PCI compliance yearly.
Kount is a service designed to protect your business from fraud. In this review we’ll explore its various products and services, find out how it can help your business, and see what other people have to say.
Cybersecurity firm Trustwave provides businesses with tools for data protection and risk reduction in the fight against digital crime.
Credit card skimming (or “shimming,” in the case of chip cards) is a form of theft by which credit card information is stolen with just a small bit of technology, typically installed at the credit card terminal. Thieves install “skimmers” or devices to read and save card information undetected.
If you’ve taken credit cards in your store, you probably know that PCI compliance is required. The Payment Card Industry (PCI) set forth a Data Security Standard (DSS) it requires adherence to from any business that processes, stores, or transmits payment card data. But did you know that PCI compliance applies when you take credit cards using your smartphone with a card reader, like Square or PayPal Here?
