Trends in Merchant Payment Acceptance
|
|
- Peter Paul
- 8 years ago
- Views:
Transcription
1 Trends in Merchant Payment Acceptance December 6, 2007 Credit approval required. Merchant accounts are issued through BB&T Bankcard Corporation, a Georgia Corporation, Member FDIC BB&T. All rights reserved. 1
2 Today s Speaker: Martin Currin Martin Currin has over 17 years of experience at BB&T in payment processing as both a Merchant Sales Consultant and Merchant Services Sales Manager. He has been in his current role for almost 10 years. As Sales Manager, he leads the Merchant Services sales force, which develops customized solutions for BB&T business clients wanting to accept cards for payment. Merchant Services has over 47,000 merchant clients and will process over $8.5 billion in transaction volume in Martin is a graduate of Elon University, in Elon, N.C. Martin and his family reside in Wilson, N.C. 2
3 Current Trends in Electronic Payment Processing Payment Card Industry Data Security Standards Interchange Payment Methods Contactless payments Internet payments Equipment Hardware Virtual Terminal Payment Gateways 3
4 Audience Polling In my personal experience, 1. One or more of my personal credit or debit card accounts has had fraudulent transactions due to a merchant card data breach 2. One or more of my personal credit or debit card accounts has been reissued because of a merchant card data breach 3. I have not experienced fraud or card reissuance due to a merchant card data breach 4
5 Current Trends in Electronic Payment Processing Payment Card Industry Data Security Standard The Payment Card Industry Data Security Standard is a result of collaboration between Visa and MasterCard to create common industry security requirements. The program was designed to protect cardholder data - wherever it resides. All card association member institutions (including BB&T) must be compliant and are responsible for ensuring the compliance of their merchants and service providers. The program applies to all payment channels, including retail (brick-and-mortar), mail/telephone order, and e- commerce. To achieve compliance, all members, merchants, and service providers must adhere to the Payment Card Industry (PCI) Data Security Standard, which offers a single approach to safeguarding sensitive data. For additional information visit 5
6 Current Trends in Electronic Payment Processing Payment Card Industry Data Security Standard Merchants are required to: Build and maintain a secure network 1. Install and maintain a firewall configuration to protect data 2. Do not use vendor-supplied defaults for passwords and other security parameters Protect cardholder data 3. Protect stored cardholder data 4. Encrypt transmission of cardholder data and sensitive information across open public networks Maintain a vulnerability management program 5. Use and regularly update anti-virus software 6. Develop and maintain secure systems and applications Implement strong access control measures 7. Restrict access to data by business need-to-know 8. Assign a unique ID to each person with computer access 9. Restrict physical access to cardholder data Regularly monitor and test networks 10. Track and monitor all access to network resources and cardholder data 11. Regularly test security systems and processes Maintain an information security policy 12. Maintain a policy that addresses information security 6
7 Current Trends in Electronic Payment Processing Payment Card Industry Data Security Standard Who is required to comply and what are the compliance requirements? All merchants are required to be in compliance with the PCI Data Security Standard. Compliance requirements vary based on the following levels: Table provided by Visa and MasterCard *E-commerce also includes the use of any type of Internet Protocol (IP) (broadband, DSL, or Frame Relay connectivity). Even if you do not offer Web-based transactions, there are other services that make systems Internet accessible. Basic functions such as and employee Internet access will result in the Internet-accessibility of a company's network. These seemingly insignificant paths to and from the Internet can provide unprotected pathways into merchant and service provider systems if not properly controlled. 7
8 Current Trends in Electronic Payment Processing Payment Card Industry Data Security Standard TJX Corporation Announced data security breach in January 2007 Current information (11/5/2007) 94 million Visa and MasterCard cardholders' information exposed. 46 million affected customers. Visa estimates losses of $65 million to $83 million. Investigators confirmed that hackers used wireless equipment to invade TJX s unprotected database of payment information while driving by or parking near stores owned by the TJX company, including TJ Maxx and Marshall s. Visa recently fined TJX s merchant bank $880,000, which will likely be passed to TJX. MasterCard is yet to issue a fine. TJX claims to have spent $256 million on investigations, legal fees, and security enhancements. 8
9 Interchange Discount Rate Fee charged by the merchant bank to the merchant for services rendered in connection with processing card sales transactions Interchange Fee that the merchant bank must pay the card issuing bank to help offset the card issuer s cost of funds and processing costs including: statements, fraud losses, customer support. Primary component of the discount rate Set and governed by Visa and MasterCard, and are the same for all card-issuing and merchant acquiring institutions. Rates may change twice annually. Merchant acquirers generally quote a discount rate which is driven by how the merchant processes. It assumes that a number of processing requirements are met. If the requirements are not met, the transaction will qualify at another interchange level. This occurrence is referred to as a downgrade. 9
10 Interchange Minimizing Processing Costs Depending on your method of processing the following tips will assist you in qualifying at the best rate: Electronically authorize all transactions Swipe whenever possible Accept PIN-based debit Batch out daily Perform address verification service (AVS) for card not present transactions Make sure your business is in the correct merchant category code Capture Level II and Level III detail if you accept a significant number of commercial card transactions Ensure authorization and settlement amounts match For a more complete list by industry type, please visit the Merchant Services Reference Kit at 10
11 Interchange Case Study Using Address Verification Service / Invoice Consumer places telephone (non face-to-face) order for $100, pays by Visa. What are the merchant s fees for processing this transaction if the merchant: uses AVS / Invoice? Mail order telephone order transaction should qualify at CPS-card not present - credit. $100 x 2.25 = $2.25 does not use AVS / Invoice? Mail order telephone order transaction, no AVS / Invoice transaction will downgrade and qualify at Visa EIRF. $100 x non-qualified fee = $3.00 Non qualified fee - an additional fee charged by card brands to merchant acquirers when a transaction fails to meet set criteria. For this transaction, the merchant would save $.75 by utilizing AVS / Invoice. Assumptions: Discount rate 2.25% Non-qualified fee 75 basis points 11
12 Payment Methods Contactless Payments Contactless Payments are a payment feature that reduces check out time since the cardholder simply waves his/her payment card in front of a secure reader. If the transaction is under $25 a signature is not required. The cardholder retains control of the card during the transaction, which reduces the risk of fraud. If all criteria is met, transaction will qualify at card swiped rate. Uses radio frequency identification (RFID) technology MasterCard s PayPass, Visa s paywave, American Express ExpressPay, Discover s Contactless Benefits to the merchant include improved customer experience due to faster checkout process, increased customer loyalty by offering convenience at point of sale, reduced risk of fraud or employee misuse Great for high-volume, low-dollar merchants such as quick service restaurants, convenience stores, pharmacies Approximately 41,000 merchant locations accepting Contactless Payments including: McDonald s Arby s Walgreens CVS Pharmacy 12
13 Payment Methods Internet Payments Equipment Hardware Virtual Terminal Payment Gateways 13
14 Payment Methods Internet Payments How it works BB&T BB&T s Card Processor 14
15 Payment Methods Internet Payments Equipment Hardware Credit card terminals processing transactions via a high speed or broadband connection Ethernet enabled Reduces checkout time to 2-4 seconds via an always on connection Eliminates need for dedicated phone lines Great for multi-lane Offers dial backup Pay at the table Reduces fraud as card never leaves cardholder s hand Allows a restaurant merchant to accept PIN debit Wireless Allows merchants on the go to process card-present transactions 15
16 Payment Methods Internet Payments Equipment Hardware Case Study Dedicated phone lines no longer needed (3 years) 16
17 Payment Methods Internet Payments Virtual Terminal A virtual terminal allows you to process transactions without having to purchase a credit card terminal. Virtual terminals can be used by retail and mail/telephone order merchants in place of software or a credit card terminal. Turns any Internet-connected computer into a point-of-sale terminal. Virtual terminals are an easy-to-implement, easy-to-use, secure, and low-cost solution. Quick setup A browser-based, hosted solution is enabled by simply plugging in the swipe card reader to your computer no software is required. Risk Management Sensitive data is not stored on the merchant s computer but rather in a PCI-compliant data center. Secure The virtual terminal maintains a locked connection between card reader and browser, and alerts the merchant if there is an unauthorized attempt to connect to the reader. Fast checkout times Speed up checkout lines and improve customer satisfaction by authorizing credit card transactions in as little as three seconds. 17
18 Payment Methods Internet Payments Virtual Terminal Benefits to Businesses Convenience and flexibility Utilize any computer connected to the Internet to process a sale, perform administrative duties, and generate reports Peace of mind Simple to set up: Does not require integration or complex PC technical knowledge Multiple channels of support including phone, , and online chat offered 24x7 Secure payment processing No software to download or upkeep Increased revenue With improved operational efficiencies and faster authorization and checkout times Low startup costs No credit card terminal required 18
19 Payment Methods Internet Payments Virtual Terminal Client Profile Merchants who want to cards, but do not want to purchase credit card equipment. Examples: Startup businesses New acceptors Retailers that have a computer at their business and want to reduce items on their point-of-sale countertop Mail/telephone order merchants Mobile merchants Multi-lane Recurring billers Ideal for: Doctors offices Trade shows Health clubs Plumbers, service businesses Internet cafes Schools and universities Caterers 19
20 Payment Methods Internet Payments Payment Gateway A payment gateway allows a merchant to process online transactions from its website, turning the website into a point-of-sale terminal while giving increase the merchant s sales and providing the customer added convenience. Most gateways offer: Multiple integration methods depending on the merchant s web development resources. Compliance, as sensitive data is not stored on the merchant s computer but rather in a PCI-compliant data center. An online resource center that allows the merchant the ability to manage online transactions, create reports, and automatically settle securely. A dedicated integration team and support website readily available to assist with any merchant needs. Acceptance of: Credit and signature debit cards Visa, MasterCard, American Express, and Discover Electronic checks Allows customers to pay online with their checking or savings account Recurring billing files Allows customers to automatically be billed on a recurring basis 20
21 Payment Methods Internet Payments Payment Gateway Benefits to accepting payments online include: Increased sales Allow your customers to shop when they want to shop Attract customers out of your geographic market Customer convenience Give your customers the option to pay online An additional feature of most payment gateways is the ability to manually enter card information to process a transaction if a customer wants to initiate a phone order Ease of use Seamless integration from the merchant s website to the payment gateway Security Cardholder authentication programs help protect merchants from accepting fraudulent transactions Fraud detection allows the merchant to set filters for online transactions, such as minimum and maximum dollar amounts 21
22 Payment Methods Internet Payments Payment Gateway Risks to accepting payments online Phishing An attempt to criminally and fraudulently acquire sensitive information, such as user names, passwords, or credit card details, by masquerading as a trustworthy entity in an electronic communication. Protection Cardholder data is stored in a secured and compliant data center, never on your computer. The cardholder data entered in the transaction is submitted through a secure gateway with multiple firewalls and blockers. Identity Theft When the means of identification has been exploited for an unlawful purpose. Protection Payment Gateways include cardholder authentication services that will verify the address and card code submitted to the actual cardholder information through a national search. 22
23 Payment Methods Internet Payments Payment Gateway Client Profile Merchants who want the ability to take online payments and develop a web presence Retail merchants who also have a website Trade show merchants wanting to increase residual sales Merchants that process recurring transactions 23
24 Audience Polling My company 1. Has a website that accepts payments online 2. Has a website, but does not accept payments online 3. Does not have a website 24
25 Thank You for Participating Today! Contact Information Please call to be connected to a BB&T Merchant Sales Consultant in your area. Or visit our website at Evaluation Your feedback is very important to us! 25
FOR A BARRIER-FREE PAYMENT PROCESSING SOLUTION
FOR A BARRIER-FREE PAYMENT PROCESSING SOLUTION MAKE THE SWITCH TO MONEXgroup ecommerce I Mobile I Wireless I Integrated I Countertop Solutions IN-STORE ON-THE-GO ONLINE Accept secure debit and credit card
More informationFOR A BARRIER-FREE PAYMENT PROCESSING SOLUTION
FOR A BARRIER-FREE PAYMENT PROCESSING SOLUTION MAKE THE SWITCH TO MONEXgroup ecommerce I Mobile I Wireless I Integrated I Countertop Solutions PAYMENTS IN-STORE PAYMENTS ON-THE-GO PAYMENTS ONLINE Accept
More informationYour gateway to card acceptance.
MERCHANT SERVICES Authorize.Net Solutions Your gateway to card acceptance. Processing transactions reliably and securely is essential to your business. That s why BBVA Compass and Authorize.Net, a leading
More informationMerchant Payment Solutions
Merchant Payment Solutions Credit Card Processing Diagram CUSTOMER S CREDIT CARD ISSUING BANK CUSTOMER 4 5 $ MERCHANT S BUSINESS MERCHANT S BANK ACCOUNT MERCHANT S BANK 9 CREDIT CARD NETWORK 8 INTERNET
More informationThe Comprehensive, Yet Concise Guide to Credit Card Processing
The Comprehensive, Yet Concise Guide to Credit Card Processing Written by David Rodwell CreditCardProcessing.net Terms of Use This ebook was created to provide educational information regarding payment
More informationMerchant Payment Solutions
Merchant Payment Solutions What We Do Connecting your Web site to the payment processing networks is typically beyond the technical resources of most merchants. Instead, you can easily connect to the Authorize.Net
More informationCREDIT CARD PROCESSING GLOSSARY OF TERMS
CREDIT CARD PROCESSING GLOSSARY OF TERMS 3DES A highly secure encryption system that encrypts data 3 times, using 3 64-bit keys, for an overall encryption key length of 192 bits. Also called triple DES.
More informationCost-management strategies. Your guide to accepting card payments cost-effectively
Cost-management strategies Your guide to accepting card payments cost-effectively Table of Contents Guidance from Wells Fargo Merchant Services...3 The secret to better interchange rates...4 Why interchange
More informationFrequently Asked Questions
PCI Compliance Frequently Asked Questions Table of Content GENERAL INFORMATION... 2 PAYMENT CARD INDUSTRY DATA SECURITY STANDARD (PCI DSS)...2 Are all merchants and service providers required to comply
More informationEMV and Small Merchants:
September 2014 EMV and Small Merchants: What you need to know Mike English Executive Director, Product Development Heartland Payment Systems 2014 Heartland Payment Systems, Inc. All trademarks, service
More informationGlossary ACH Acquirer Assessments: AVS Authorization Back End: Backbilling Basis Point Batch
Glossary ACH: Automated Clearing House; an electronic payment network most commonly associated with payroll direct deposit, recurring payments, and is the network most commonly used to settle merchant
More informationIntroduction to Online Payment Processing and PayPal Payment Solutions
Introduction to Online Payment Processing and PayPal Payment Solutions PayPal Helps Bring You New Customers Drivers of Consumer Demand for PayPal Opportunities for Merchants PayPal is: Secure Simple Fast
More informationa CyberSource solution Merchant Payment Solutions
a CyberSource solution Merchant Payment Solutions 1 Simplifying Payments Safe and reliable payment processing is essential to your business. Authorize.Net, a leading payment gateway since 1996, provides
More informationPCI DSS FAQ. The twelve requirements of the PCI DSS are defined as follows:
What is PCI DSS? PCI DSS is an acronym for Payment Card Industry Data Security Standards. PCI DSS is a global initiative intent on securing credit and banking transactions by merchants & service providers
More informationHow Online Payments Really Work
Insights for Businesses How Online Payments Really Work If you re thinking about setting up an online store, you re in good company. Shoppers are increasingly turning to online options, as their access
More informationWhat is Interchange. How Complex is Interchange?
What is Interchange The foundation of the entire Bankcard Processing industry s cost structure. Interchange is the wholesale price, charged by Card Issuing Bank, for Authorization and Settlement of a credit
More informationHow To Protect Your Credit Card Information From Being Stolen
Visa Account Information Security Tool Kit Welcome to the Visa Account Information Security Program 2 Contents 1. Securing cardholder data is everyone s concern 4 2. Visa Account Information Security (AIS)
More informationCREDIT CARD MERCHANT POLICY. All campuses served by Louisiana State University (LSU) Office of Accounting Services
Louisiana State University Finance and Administrative Services Operating Procedure FASOP: AS-22 CREDIT CARD MERCHANT POLICY Scope: All campuses served by Louisiana State University (LSU) Office of Accounting
More informationSECTION: SUBJECT: PCI-DSS General Guidelines and Procedures
1. Introduction 1.1. Purpose and Background 1.2. Central Coordinator Contact 1.3. Payment Card Industry Data Security Standards (PCI-DSS) High Level Overview 2. PCI-DSS Guidelines - Division of Responsibilities
More informationHow To Comply With The Pci Ds.S.A.S
PCI Compliance and the Data Security Standards Introduction The PCI DSS, a set of comprehensive requirements for enhancing payment account data security, was developed by the founding payment brands of
More informationFOR A BARRIER-FREE PAYMENT PROCESSING SOLUTION
FOR A BARRIER-FREE PAYMENT PROCESSING SOLUTION MAKE THE SWITCH TO MONEXgroup ecommerce I Mobile I Wireless I Integrated I Countertop Solutions PAYMENTS IN-STORE PAYMENTS ON-THE-GO PAYMENTS ONLINE Accept
More informationOnline Payment Processing What You Need to Know. PayPal Business Guide
Online Payment Processing What You Need to Know PayPal Business Guide PayPal Business Guide Online Payment Processing 2006 PayPal, Inc. All rights reserved. PayPal, Payflow, and the PayPal logo are registered
More informationCredit Card Processing Overview
CardControl 3.0 Credit Card Processing Overview Overview Credit card processing is a very complex and important system for anyone that sells goods. This guide will hopefully help educate and inform new
More informationHow To Protect Your Business From A Hacker Attack
Payment Card Industry Data Security Standards The payment card industry data security standard PCI DSS Visa and MasterCard have developed the Payment Card Industry Data Security Standard or PCI DSS as
More informationa CyberSource solution Merchant Payment Solutions
a CyberSource solution Merchant Payment Solutions 1 Simplifying Payments Safe and reliable payment processing is essential to your business. Authorize.Net, a leading payment gateway since 1996, provides
More informationPayment Card Industry Data Security Standard PCI DSS
Payment Card Industry Data Security Standard PCI DSS What is PCI DSS? Requirements developed by the five card brands: VISA, Mastercard, AMEX, JCB and Discover. Their aim was to put together a common set
More informationYour Compliance Classification Level and What it Means
General Information What are the Payment Card Industry (PCI) Data Security Standards? The PCI Data Security Standards represents a common set of industry tools and measurements to help ensure the safe
More informationRFP#15-20 EXHIBIT E MERCHANT SERVICES INFORMATION SHEET
RFP#15-20 EXHIBIT E MERCHANT SERVICES INFORMATION SHEET A. Merchant Credit Card Processing 1. Describe your company s authorization method; list and describe alternative authorization methods. 2. What
More informationPayLeap Guide. One Stop
PayLeap Guide One Stop PayLeap does it all. Take payments in person? Check. Payments over the phone or by mail? Check. Payments from mobile devices? Of course. Online payments? No problem. In addition
More informationIncrease revenue. Reduce operating costs. Improve efficiencies. Accomplish all this and more with eselectplus.
Increase revenue. Reduce operating costs. Improve efficiencies. Accomplish all this and more with eselectplus. eselectplus makes payment simple for you, and for your customers. eselectplus is an easy-to-use,
More informationCard Acceptance Best Practices to Manage Rates and Minimize Risk
Card Acceptance Best Practices to Manage Rates and Minimize Risk Kim Jackson VP, Transfund Merchant Services April 23, 2014 BOK Financial is registered with the National Association of State Boards of
More informationLa règlementation VisaCard, MasterCard PCI-DSS
La règlementation VisaCard, MasterCard PCI-DSS Conférence CLUSIF "LES RSSI FACE À L ÉVOLUTION DE LA RÉGLEMENTATION" 7 novembre 07 Serge Saghroune Overview of PCI DSS Payment Card Industry Data Security
More informationSection 3.9 PCI DSS Information Security Policy Issued: June 2016 Replaces: January 2015
Section 3.9 PCI DSS Information Security Policy Issued: June 2016 Replaces: January 2015 I. PURPOSE The purpose of this policy is to establish guidelines for processing charges on Payment Cards to protect
More informationPayment Methods. The cost of doing business. Michelle Powell - BASYS Processing, Inc.
Payment Methods The cost of doing business Michelle Powell - BASYS Processing, Inc. You ve got to spend money, to make money Major Industry Topics Industry Process Flow PCI DSS Compliance Risks of Non-Compliance
More informationGetting Set Up. Other Items Included: Terminal Key Overlay Card Visa
Getting Set Up Setting up your new bankcard processing terminal with Merchant Services is easy. Your deployment kit contains instructions to help your installation process run smoothly before, during and
More informationMerchant Payment Solutions
Merchant Payment Solutions 1 Simplifying Payments 2 Safe and reliable payment processing is essential to your business. Authorize.Net, a leading payment gateway since 1996, provides solutions you can trust.
More informationCardControl. Credit Card Processing 101. Overview. Contents
CardControl Credit Card Processing 101 Overview Credit card processing is a very complex and important system for anyone that sells goods. This guide will hopefully help educate and inform new and old
More informationPCI DSS 101 FOR CTOs AND BUSINESS EXECUTIVES
PCI DSS 101 FOR CTOs AND BUSINESS EXECUTIVES CUTTING THROUGH THE COMPLEXITY AND CONFUSION Over the years, South African retailers have come under increased pressure to gain PCI DSS (Payment Card Industry
More informationMerchant Card Processing Best Practices
Merchant Card Processing Best Practices Background: The major credit card companies (VISA, MasterCard, Discover, and American Express) have published a uniform set of data security standards that ALL merchants
More informationOnline Payment Processing Definitions From Credit Research Foundation (http://www.crfonline.org/)
Online Payment Processing Definitions From Credit Research Foundation (http://www.crfonline.org/) The following glossary represents definitions for commonly-used terms in online payment processing. Address
More informationFrequently Asked Questions
Contents CISP Program Overview... 2 1. To whom does CISP apply?...2 2. What does VISA define as "cardholder data"?...2 3. What if a merchant or service provider does not store Visa cardholder data?...2
More informationSecurity Best Practices
White Paper Security Best Practices Maintaining tight security, including using both standard and advanced fraud detection and prevention tools, is crucial to maintaining a successful business. No merchant
More informationKey Steps to Meeting PCI DSS 2.0 Requirements Using Sensitive Data Discovery and Masking
Key Steps to Meeting PCI DSS 2.0 Requirements Using Sensitive Data Discovery and Masking SUMMARY The Payment Card Industry Data Security Standard (PCI DSS) defines 12 high-level security requirements directed
More informationEMV and Restaurants: What you need to know. Mike English. October 2014. Executive Director, Product Development Heartland Payment Systems
October 2014 EMV and Restaurants: What you need to know Mike English Executive Director, Product Development Heartland Payment Systems 2014 Heartland Payment Systems, Inc. All trademarks, service marks
More informationPayment Card Acceptance Administrative Policy
Administrative Procedure Approved By: Brandon Gilliland, Associate Vice President for Finance & Controller Effective Date: October 1, 2014 History: Approval Date: September 25, 2014 Revisions: Type: Administrative
More informationUniversity of Dayton Credit / Debit Card Acceptance Policy September 1, 2009
University of Dayton Credit / Debit Card Acceptance Policy September 1, 2009 Effective Date of this Policy: August 1, 2008 Last Revision: September 1, 2009 Contact for More Information: UDit Internal Auditor
More informationHow To Protect Visa Account Information
Account Information Security Merchant Guide At Visa, protecting our cardholders is at the core of everything we do. One of the many reasons people trust our brand is that we make buying and selling safer
More informationTable of Contents. 2 TouchSuite Welcome Kit
Welcome Kit Table of Contents Important Account Information... Welcome to TouchSuite Merchant Services... Help Desk Card Enclosed... Your Merchant ID (MID)... 3 3 3 3 Customer Support Numbers... 4 Card
More informationPCI PA - DSS. Point XSA Implementation Guide. Atos Worldline Banksys XENTA SA. Version 1.00
PCI PA - DSS Point XSA Implementation Guide Atos Worldline Banksys XENTA SA Version 1.00 POINT TRANSACTION SYSTEMS AB Box 92031, 120 06 Stockholm, Tel. +46 8 566 287 00 www.point.se Page number 2 (16)
More informationCard payment processing for your business
Card payment processing for your business Easy, reliable and secure solutions Easy We make things simple for you and your customers. Reliable We re always there for your business when you need us. Secure
More informationPCI Compliance. Top 10 Questions & Answers
PCI Compliance Top 10 Questions & Answers 1. What is PCI Compliance and PCI DSS? 2. Who needs to follow the PCI Data Security Standard? 3. What happens if I don t comply? 4. What are the basic requirements
More informationHow To Choose Moneris
Card payment processing for your business Easy, reliable and secure solutions Easy We make things simple for you and your customers. Reliable We re always there for your business when you need us. Secure
More informationPLACE GROUP UK LONDON STUDENT HOUSING GROUP PAYMENT CARD INDUSTRY DATA SECURITY STANDARD COMPLIANCE STATEMENT PCI DSS (09) VERSION: 2009PCIDSSP4S01
PLACE GROUP UK LONDON STUDENT HOUSING GROUP PAYMENT CARD INDUSTRY DATA SECURITY STANDARD COMPLIANCE STATEMENT PCI DSS (09) VERSION: 2009PCIDSSP4S01 Information updated: 21 October 2012 SAFEGUARDING CARDHOLDER
More informationHow NETGEAR ProSecure UTM Helps Small Businesses Meet PCI Requirements
How NETGEAR ProSecure UTM Helps Small Businesses Meet PCI Requirements I n t r o d u c t i o n The Payment Card Industry Data Security Standard (PCI DSS) was developed in 2004 by the PCI Security Standards
More informationTable of Contents. Overview. What is payment processing? Who s Who. Types of Payment Solutions. Online Transactions. Interchange Process
Overview Credit Card Processing 101 is your go-to handbook for navigating the payments industry. This document provides a quick and thorough understanding on how businesses accept electronic payments,
More informationBeef O Brady's. Security Review. Powered by
Beef O Brady's Security Review Powered by Why install a Business Class Firewall? Allows proper segmentation of Trusted and Untrusted computer networks (PCI Requirement) Restrict inbound and outbound traffic
More informationUniversity Policy Accepting Credit Cards to Conduct University Business
BROWN UNIVERSITY University Policy Accepting Credit Cards to Conduct University Business Purpose Brown University requires all departments that are involved with credit card handling to do so in compliance
More informationHow To Control Credit Card And Debit Card Payments In Wisconsin
BACKGROUND State of Wisconsin agencies accepted more than 6 million credit/debit card payments annually through the following payment channels: Point of Sale (State agency location) Point of Sale (Retail-agent
More informationThe 12 Essentials of PCI Compliance How it Differs from HIPPA Compliance Understand & Implement Effective PCI Data Security Standard Compliance
Date: 07/19/2011 The 12 Essentials of PCI Compliance How it Differs from HIPPA Compliance Understand & Implement Effective PCI Data Security Standard Compliance PCI and HIPAA Compliance Defined Understand
More informationNewtek, The Small Business Authority 855-2thesba www.thesba.com. thesba.com 855-2thesba
thesba.com 855-2thesba EMV Chip Technology, Secure Electronic Payments The world of payments is evolving. We are starting to see an evolution from typical static magnetic strip cards to more intelligent
More informationHow Do I Understand Credit Card Processing Fees?
How Do I Understand Credit Card Processing Fees? Credit card processing rates and fees are often misunderstood and confusing, so we are committed to helping you understand the various costs associated
More informationInformation Technology
Credit Card Handling Security Standards Overview Information Technology This document is intended to provide guidance to merchants (colleges, departments, organizations or individuals) regarding the processing
More informationCREDIT CARD MERCHANT PROCEDURES MANUAL. Effective Date: 5/25/2011
CREDIT CARD MERCHANT PROCEDURES MANUAL Effective Date: 5/25/2011 Updated: May 25, 2011 TABLE OF CONTENTS Introduction... 1 Third-Party Vendors... 1 Merchant Account Set-up... 2 Personnel Requirements...
More informationFailure to follow the following procedures may subject the state to significant losses, including:
SUBJECT: Policy and Procedures PAGE: 1 of 5 INTRODUCTION During fiscal year 2014, State of Wisconsin agencies accepted approximately 6 million credit/debit card payments through the following payment channels:
More informationE-Commerce SOLUTIONS. Generate Online Revenue with E-Commerce Solutions. www.monexgroup.com
E-Commerce SOLUTIONS In this report, MONEXgroup examines various types of online payment processing and E-Commerce Solutions. The tremendous transition towards online shopping stores in Canada has opened
More informationMerchant e-solutions Payment Gateway Back Office User Guide. Merchant e-solutions January 2011 Version 2.5
Merchant e-solutions Payment Gateway Back Office User Guide Merchant e-solutions January 2011 Version 2.5 This publication is for information purposes only and its content does not represent a contract
More informationMobile Near-Field Communications (NFC) Payments
Mobile Near-Field Communications (NFC) Payments OCTOBER 2013 GENERAL INFORMATION American Express continues to develop its infrastructure and capabilities to support growing market interest in mobile payments
More informationContents Error! Bookmark not defined.
PayFox User Guide Contents Table of Contents... Error! Bookmark not defined. Product Overview... 3 Peripheral Devices... 3 Product Features and Functionality... 4 Account Activation Programming Enablement...
More informationPolicies and Procedures. Merchant Card Services Office of Treasury Operations
Policies and Procedures Merchant Card Services Office of Treasury Operations 1 Welcome! Table of Contents: Introduction Establishing Payment Card Services Payment Card Acceptance Procedures Payment Card
More informationWHITEPAPER. Achieving Network Payment Card Industry Data Security Standard (PCI DSS) Compliance with NetMRI
WHITEPAPER Achieving Network Payment Card Industry Data Security Standard (PCI DSS) Compliance with NetMRI About PCI DSS Compliance The widespread use of debit and credit cards in retail transactions demands
More informationAccepting Payment Cards and ecommerce Payments
Policy V. 4.1.1 Responsible Official: Vice President for Finance and Treasurer Effective Date: September 29, 2010 Accepting Payment Cards and ecommerce Payments Policy Statement The University of Vermont
More informationCREDIT CARD PROCESSING POLICY AND PROCEDURES
CREDIT CARD PROCESSING POLICY AND PROCEDURES Note: For purposes of this document, debit cards are treated the same as credit cards. Any reference to credit cards includes credit and debit card transactions.
More informationPCI General Policy. Effective Date: August 2008. Approval: December 17, 2015. Maintenance of Policy: Office of Student Accounts REFERENCE DOCUMENTS:
Effective Date: August 2008 Approval: December 17, 2015 PCI General Policy Maintenance of Policy: Office of Student Accounts PURPOSE: To protect against the exposure and possible theft of account and personal
More informationPCI Compliance Top 10 Questions and Answers
Where every interaction matters. PCI Compliance Top 10 Questions and Answers White Paper October 2013 By: Peer 1 Hosting Product Team www.peer1.com Contents What is PCI Compliance and PCI DSS? 3 Who needs
More informationThis policy applies to all GPC units that process, transmit, or handle cardholder information in a physical or electronic format.
Policy Number: 339 Policy Title: Credit Card Processing Policy, Procedure, & Standards Review Date: 07-23-15 Approval Date: 07-27-15 POLICY: All individuals involved in handling credit and debit card transactions
More informationPAYMENT CARD INDUSTRY (PCI) SECURITY STANDARDS COUNCIL
PAYMENT CARD INDUSTRY (PCI) SECURITY STANDARDS COUNCIL Session 1 Payment Card Industry (PCI) Security Standards Slide 1 Top 3 Largest Security Incidents Reported Worldwide = CREDIT CARDS Related *Source:
More informationPayment Cardholder Data Handling Procedures (required to accept any credit card payments)
Payment Cardholder Data Handling Procedures (required to accept any credit card payments) Introduction: The Procedures that follow will allow the University to be in compliance with the Payment Card Industry
More informationPlotting a Course for EMV Compliance
Plotting a Course for EMV Compliance Plotting a Course for EMV Compliance PCI compliance...emv compliance by now, you ve heard repeatedly that your store or restaurant must be EMV-compliant by the recently
More informationSimplêfy Client Support and Information Services. PCI Compliance Guidebook
Simplêfy Client Support and Information Services PCI Compliance Guidebook Simplêfy, Inc. 301 Science Drive, Suite 280 Moorpark, CA 93021 Phone 888.341.2999 Fax 877.280.0885 Simplêfy is a Registered Trademark
More informationPayment Card Industry Data Security Standards.
Payment Card Industry Data Security Standards. Your guide to protecting cardholder data Helping you manage the risk. Credit Card fraud and data compromises are an increasingly serious problem, costing
More informationWe believe First Data is well positioned to take advantage of all of these trends given the breadth of our solutions and our global operating
Given recent payment data breaches, clients are increasingly demanding robust security and fraud solutions; and Financial institutions continue to outsource and leverage technology providers given their
More informationCOLUMBUS STATE COMMUNITY COLLEGE POLICY AND PROCEDURES MANUAL
PAYMENT CARD INDUSTRY COMPLIANCE (PCI) Effective June 1, 2011 Page 1 of 6 (1) Definitions a. Payment Card Industry Data Security Standards (PCI-DSS): A set of standards established by the Payment Card
More informationTREASURER S OFFICE ADMINISTRATIVE STANDARDS FOR THE TREASURER S FISCAL PROCEDURE No. 08-01 MERCHANT DEBIT AND CREDIT CARD RECEIPTS
TREASURER S OFFICE ADMINISTRATIVE STANDARDS FOR THE TREASURER S FISCAL PROCEDURE No. 08-01 MERCHANT DEBIT AND CREDIT CARD RECEIPTS 1. Introduction Debit and Credit Card Receipt Standards apply to the administration
More information6-8065 Payment Card Industry Compliance
0 0 0 Yosemite Community College District Policies and Administrative Procedures No. -0 Policy -0 Payment Card Industry Compliance Yosemite Community College District will comply with the Payment Card
More informationReliantPay s Guide to Achieving Better Credit Card Processing Rates
s Guide to Achieving Better Credit Card Processing Rates 14280 Manchester Rd. St. Louis, MO 63011 (636) 220-7255 Table of Contents Manage Your Card Payment Process for Better Interchange Rates 3 Why Interchange
More informationPCI DSS COMPLIANCE DATA
PCI DSS COMPLIANCE DATA AND PROTECTION EagleHeaps FROM CONTENTS Overview... 2 The Basics of PCI DSS... 2 PCI DSS Compliance... 4 The Solution Provider Role (and Accountability).... 4 Concerns and Opportunities
More informationGeneral Information. About This Document. MD0003-122 RES PCI Data Standard November 14, 2007 Page 1 of 19
RES Version 3.2 Service Pack 7 Hotfix 6 with Transaction Vault Electronic Payment Driver Version 4.3 or Higher Payment Application Best Practices Implementation Guide General Information About This Document
More informationRedwood Merchant Services. Merchant Processing Terminology
ACH - Automated Clearing House for member banks to process electronic payments or withdrawals. (Credits or debits to a bank account) through the Federal Reserve Bank. Acquiring Bank - Licensed Visa/MasterCard
More informationPayment Power for Merchants
Create the right customer payment solution for your business today. For more information, call 1-800-363-1163, visit any TD Canada Trust branch or visit us online at www.tdmerchantservices.com Payment
More informationHow Multi-Pay Tokens Can Reduce Security Risks and the PCI Compliance Burden for ecommerce Merchants
How Multi-Pay Tokens Can Reduce Security Risks and the PCI Compliance Burden for ecommerce Merchants 2012 First Data Corporation. All trademarks, service marks and trade names referenced in this material
More informationHow To Become A Pca Compliant Organization
Compliance Management Merchant Guide 2012 Stay Clear Of Fraud Are You Concerned About Data Security Risks? Security is a duty. Companies should remember that they are being trusted by consumers with their
More informationACCEPTING PAYMENT CARDS FOR CONDUCTING UNIVERSITY BUSINESS:
Boston College Policy ACCEPTING PAYMENT CARDS FOR CONDUCTING UNIVERSITY BUSINESS: PURPOSE OF POLICY: The purpose of this policy is to establish procedures for accepting payment cards at Boston College
More informationMerchant Integration Guide
Merchant Integration Guide Card Not Present Transactions Authorize.Net Customer Support support@authorize.net Authorize.Net LLC 071708 Authorize.Net LLC ( Authorize.Net ) has made efforts to ensure the
More informationPayment Card Industry (PCI) Data Security Standard Self-Assessment Questionnaire
Payment Card Industry (PCI) Data Security Standard Self-Assessment Questionnaire Instructions and Guidelines Version 3.2 May 2016 Document Changes Date Version Description October 1, 2008 1.2 October 28,
More informationWhitepaper. PCI Compliance: Protect Your Business from Data Breach
Merchants often underestimate the financial impact of a breach. Direct costs include mandatory forensic audits, credit card replacement, fees, fines and breach remediation. PCI Compliance: Protect Your
More informationPayment Card Industry Data Security Standard Training. Chris Harper Vice President of Technical Services Secure Enterprise Computing, Inc.
Payment Card Industry Data Security Standard Training Chris Harper Vice President of Technical Services Secure Enterprise Computing, Inc. March 27, 2012 Agenda Check-In 9:00-9:30 PCI Intro and History
More informationTokenization Amplified XiIntercept. The ultimate PCI DSS cost & scope reduction mechanism
Tokenization Amplified XiIntercept The ultimate PCI DSS cost & scope reduction mechanism Paymetric White Paper Tokenization Amplified XiIntercept 2 Table of Contents Executive Summary 3 PCI DSS 3 The PCI
More informationNew Account Reference Guide
New Account Reference Guide Welcome to BBVA Compass Merchant Services Thank you for choosing BBVA Compass as your Merchant Services provider. BBVA Compass is dedicated to providing your business with the
More informationWhitepaper. PCI Compliance: Protect Your Business from Data Breach
Merchants often underestimate the financial impact of a breach. Direct costs include mandatory forensic audits, credit card replacement, fees, fines and breach remediation. PCI Compliance: Protect Your
More information