No matter whether you are selling a service or a product… these days you may find yourself wishing you could take a payment while you are out and about. Capturing credit card data and closing the sale has become easier with the proliferation of Smart Phone technology. I-Phones, Blackberry, Android and I-Pads give you the convenience of portability but how safe are they to transact sales. VERY! As long as you use encrypted hardware and PCI Compliant providers. Having a merchant account that is covered by PCI Compliance is a big step toward protecting you and your customers.
We at Retriever Payment Systems spend a lot of our time selling Credit Card Processing. The second focus point in our presentations is education. It is a scary world out there with FRAUD and compromised data a daily news item. There are mistakes that many organizations make related to web application security. First, many businesses and government organizations have historically focused their attention on network security rather than web application security, and it may seem that PCI deadlines are coming out of nowhere and that businesses are scrambling to achieve PCI compliance. But the fact is, your business should have ensured that all of its web applications were secure from the beginning. PCI compliance shouldn’t be viewed as a checklist, because then all that will happen is that unreliable fixes will be applied to problems. Instead, the concept of web application security needs to be implemented within the web application itself. When web application security is implemented properly, the PCI compliance requirements related to web application security are automatically met.
The members of PCI Security Standards Council (American Express, Discover, JCB, MasterCard, and Visa) continually monitor cases of account data compromise. These compromises cover the full spectrum of organizations, from the very small to very large merchants and service providers.
Great info here but some things have changed. Lots of Big banks have decided against the $5 monthly fee for Debit Cards. In MANY cases there are other fees popping up to replace their lost revenue. Hope you find this article helpful.
Regulations are popping up at every turn. What does all this mean to you and your practice? Not only must you comply with the Health Insurance Portability and Accountability Act (HIPAA) there are other regulatory agencies peaking over your shoulder.