No thanks, stay here.  

  We notice you are visiting from a U.S. Internet provider. Switch to our U.S. website.

Latest Industry News

Merchant Account

Credit Card Processing

Point-of-Sale Terminals

Security and Fraud

Press Releases


Get a Rate Quote
Call Us Today
Find us on Facebook

Industry News

Payment processing security tactics can improve overall enterprise security, expert says

By Kristen Lawrence

12/11/2009 - Successful payment processing security involves more than just compliance to the PCI DSS - it involves best practices about data retention and protection, network security and employee training.

All of these practices can - and potentially should - also be applied to other areas of business operations, such as CRM databases, email servers, personnel files and payroll information, said payment processing expert Evan Schuman.

"Overworked IT executives suffering from staff cuts find checklist security quite comforting," he wrote on the McAfee Security Insights blog. "The checklist mentality says that nothing should be done that isn't mandated. And there are no external rules protecting data, beyond payment card, health-related information and some investment data. Is this wise?"

Schuman noted that information such as customer service files stored in a CRM database, customer loyalty tracking information and even payroll information could be valuable targets to hackers, and should be protected with the same rigour as payment processing infrastructure.

However, merchants may need to invest in their payment processing security first and foremost - the Ponemon Institute and Imperva report that just 28 percent of small businesses and 70 percent of large businesses are PCI compliant.ADNFCR-2514-ID-19457692-ADNFCR

Related News - Security and Fraud

Despite high use, Canadians concerned about safety of debit and credit card processing

11/03/2010

Canada's debit and credit card processing industry is booming. TD Canada Trust reports that there are 34 million debit cards and 69 million credit cards in circulation in the country, and that the number of debit transactions rose from 3.7 billion in 2008 to 3.8 billion in 2009. Interac numbers reveal that Canada has the second highest use of debit cards in the world, second only to Sweden.

Full Article

No such thing as 'PCI in a box,' experts say

11/03/2010

The old adage suggesting that throwing money at a problem does not make it go away certainly applies to payment processing security, as PCI compliance involves more than new security technology or other expensive measures.

Full Article

Debit card fraud increasing, but chip card technology expected to reverse the trend

10/03/2010

The amount of debit card fraud in Canada has been steadily rising in recent years, but payment processing industry officials are optimistic about the ability of chip card technology to curb some of those numbers.

Full Article

Want to spend less on payment processing security? Minimize PCI scope

10/03/2010

Many merchants lament that achieving PCI compliance can be expensive. However, there is a way to reduce compliance costs - minimizing PCI scope.

Full Article