The Importance of a Risk Assessment for Merchants
A risk assessment is a dedicated process evaluating the likelihood of a damaging event happening. In the medical environment, it is a statistical calculation of the ...
PCI DSS Requirement 6: Develop and Maintain Secure Systems
PCI DSS Requirement 6 highlights the importance of installing security patches in order to protect systems from being accessed by anyone with malicious intentions. F...
One-time-use (Privacy) Cards and Their Benefits
A one-time-use card, also known as a privacy card, is a virtual credit or debit card number that can be used once for a single purchase. Once this purchase is comple...
Credit Card Vaulting Services: Overview and Benefits
A credit card vaulting service is a third party that stores, protects, and provides access to stored cardholder data for merchants. Using a credit card vaulting serv...
PCI DSS Requirement 5: Protect All Systems and Networks from Malicious Software
Malicious software, also commonly known as malware, is any software or firmware specifically designed to cause damage to, or penetrate the security systems of, a com...
Chargebacks Explained: What They Are & How to Reduce Them
In the payments business, a chargeback is the reversal of a charge initiated by the issuing bank rather than the merchant, generally in response to a consumer compla...
PCI DSS Requirement 4: Protect Cardholder Data During Transmission Over Public Networks
Vulnerabilities in legacy encryption and authentication protocols for wireless networks are often targeted by malicious individuals aiming to gain access to cardhold...
How To Improve Payments Efficiency and Reduce Expenses
Why does Payment Efficiency Matter? Processing payments is a multi-partner, multi-step endeavor, and each partner expects to be compensated for their trouble. From t...
How Does Payment Processing Work?
Payment processing describes the series of steps that take place allowing one party to deliver money to another in return for goods and services, normally via a cred...
PCI DSS Requirement 3: Protect Stored Account Data
Public exposure of stored account and transaction data, either intentional or unintentional, can cause serious damage to a merchant. This is why the PCI SSC has crea...