The Importance of Online Payment Processor
When people choose to shop on your site, they are trusting you with their personal information and money. It is your job to protect this information. If your customer’s become the victim of theft, you may be held responsible by the law. It is important to provide a safe and efficient POS terminal. Security if an invaluable commodity and is definitely worth the investment.
Up to 1 in 4 consumers have been a victim of fraud in the past five years. The Payment Card Industry Data Security Standards (PCI-DSS) ensure uniformity in consumer data protection against fraud and identity theft. Any organization that accepts cards (including debit cards, credit cards, and any other form of private card payment) is required to adhere to these standards, which include:
- Install and maintain a firewall configuration to protect data
- Use non-vendor supplied system passwords
- Encrypt the transmission of cardholder data
- Protect all systems against malware
- Restrict access to cardholder data within business to only “need to know” individuals
- Identify and authenticate access to system components
- Restrict physical access to cardholder data
- Track and monitor all access to network resources and data
- Regularly test security systems and processes
- Maintain a policy that addresses information security for all personnel
Attackers can steal and misuse data, leading to painful disclosures, adverse publicity, and fines. It is your responsibility to protected this valuable information. Do you know if this information is being stored and how it is being transmitted?
Are you a customer? How do you know if the site you are using is secure? When you are on a website the URL (address) probably begins with Http://, meaning the site is using Hypertext Transfer Protocol, but it does not have an added security layer.
When you switch to a purchasing mode on the same site, go to a banking site, or go to any site where you are going to share financial or sensitive personal information that URL should change to begin with Https://.
Also another indicator is the little lock icon that should appear next to the URL address.
If you have any questions about security as a business or organization or as a customer, feel free to reach out us at 778-471-5953.