Credit Card Security... Just the facts!

With global eCommerce a fact of life in today's shrinking world, Credit Card Security should be a number one priority in the public’s mind from both personal and business perspectives.

Stored Credit Card information must be protected. Although people want to have their mind at ease when conducting transactions, government and regulatory agencies mandate protection. Credit card processing must be PCI compliant…..

Did you know……”the 2006, and the Payment Card Industry Data Security Standard (PCI DSS) requires merchants (and others) to encrypt certain cardholder information. At last count, nearly three dozen states have laws that require merchants to announce when they have disclosed personal information that was not encrypted. Visa and Mastercard can levy fines of up to $500,000 for breaches in which the merchant failed to implement security measures. In my experience, these fines are larger and generally occur more often in situations where the merchant failed to use encryption.”

Also, PCI DSS "Requirement 3.4 states that merchants must render [the Primary Account Number], at minimum, unreadable anywhere it is stored (including data on portable digital media, backup media, in logs, and data received from or stored by wireless networks)."

Simply put, irresponsibly storing credit card data either in electronic form or on a notepad may result in significant penalties.

If you process orders internally, MOTO (mail order - telephone order), or via your website, responsible credit card processing provides you with the following benefits:

1. Legal Compliance
2. Improved Cash Flow
3. Happy Customers (They love to get their Credit Card points)

If you are an Infor ERP XA (formerly mapics) customer, you should consider the integrated solution, XA Card_Connect by Lexel Corporation and Curbstone Corporation’s Curbstone Card.
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Mark Shubel
VP
Lexel Corporation