Data Breach Defense When Accepting Credit Cards A Virtual Terminal can be the heart and soul of a business. Therefore it absolutely must be secure! Businesses should have protections in place with their credit card processor that protect them from fraud, identity theft, and secures their clients payment information behind a tightly guarded and secure wall of defense. In the present legal environment of credit card processing, the industry has deemed that merchants will be held liable for any breach of cardholder data. This makes handling credit card or electronic check payments a risky part of doing business as a merchant. A credit card processor should have a system in place, which allows the business to transmit customer payment information through a secure sockets layer (SSL) connection for storage in a Level 1 PCI certified data facility. Customer data should be secured in a manner, which allows the merchant to perform transactions without having direct access the customers credit card information. Every transaction processed should be heavily encrypted. There are credit card processing companies who provide a randomly generated secure token that is assigned to the data being sent and then read by processing equipment to run the transaction. Once the payment process is completed, the token is destroyed and a new one is assigned for the customer’s next transaction.
Posted on: Fri, 09 Jan 2015 03:41:09 +0000
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