With more than two-thirds of all purchases made with payment cards and $20 trillion in credit card transactions expected for 2015, security has become a top priority for organizations that accept credit cards. However, nearly 80% of all businesses fail their interim PCI compliance assessment.
A major provider of payment processing, risk and alternative payments, and a leading cloud call center management service provider have agreed a global partnership. The EasyPay product offers a secure transaction service while removing the need for call centers to have onerous annual PCI audits.
Provider of integrated telecommunications solutions, BullsEye, launches its new PCI DSS-enablement solution in partnership with Mako Networks, a world leader in PCI DSS compliance and network security management. Through this partnership BullsEye will continue to offer enhanced network management with the addition of a PCI compliance solution to its base and new customers. This partnership with Mako is a natural progression for BullsEye. The company (BullsEye) has been offering simplified network management as part of its current portfolio and this decision to partner with Mako now bolsters its ability to empower its clients to become and remain PCI DSS-compliant.
First Data Merchant Solutions has been selected by Volusion e-commerce shopping cart software and services for online merchants to provide additional payment processing options. This will see First Data Merchant Solutions support Volusion’s community of small and medium-sized businesses in accepting online credit and debit card payments. Volusion allows entrepreneurs and small business owners to quickly and easily set up all the elements required to sell products and services online, including website design, merchandising, multi-level marketing as well as debit and credit card processing. Now they will have the option to open a merchant account using a one click referral process, allowing them to accept and settle online card payments as a customer of First Data Merchant Solutions.
MerchantService.com merchant services provider of credit card processing, will now offer all of their merchants up to $50,000 in PCI breach coverage insurance. This will pay up to $50,000 for fines and other monetary assessments levied by card associations or regulators; costs of a security assessment and/or forensic audit; bank card replacements and related costs; services to help mitigate financial losses to customers impacted by the incident; and customer identity recovery services and credit monitoring.
WPS is pleased to announce that the PCI Security Standard Council has awarded WPS with a PA-DSS 2.0 certification for its payment applications. WPS is one of the few providers of parking solutions worldwide to have received a PA-DSS 2.0 certification for its credit card payments. The Company ensures safe and secure payment transactions within their parking systems through the use of separate and lockable cash compartments, extensive events with alarm recording and a thorough accounting tool for audit control.
Liaison Technologies cloud-based integration, data management and data security services and solutions announced its “Liaison Protect” Format Preserving Tokenization and key management solutions has passed a PA-DSS audit, underscoring Liaison’s continuing leadership in data security. The Liaison products are among the few non-payment application tokenization solutions to go through a PA-DSS audit to prove their high level of security. Verizon completed all PA-DSS validations and determined that Liaison Protect Token Manager and Liaison Protect Key Manager have achieved full validation with the Payment Application Data Security Standard.
Mako Networks management and security company and Skyzer Technologies POS technology distribution signed distribution agreements to help protect New Zealand merchants from the growing threat of payment card fraud. Mako and Skyzer bring together a unique focus on the PCI DSS and have built reputations for expertise and products that help businesses navigate the rigours of PCI DSS compliance. This accreditation covers only the terminal handset and software system, rather than the network. Indeed, merchants commonly purchase PA DSS-compliant systems, only to later fail compliance checks. Mako products can now be purchased from any of Skyzer’s reseller partners in New Zealand.
CBOSS PCI DSS-compliant, secure online payment solutions for healthcare as well as government and regulated industries, announced that the firm’s ongoing partnership with the Hometown Health Network has lead to the development and launch of two important new online payment services, in addition to a new online portal presence. The CBOSS “Central Payment Portal” (CPP) provides a secure, web-based, hosted service that allows businesses to automate formerly manual payment processing operations, creating a significant improvement in operational efficiency. Its Level 1 PCI-DSS compliance ensures the CPP was able to deliver the reliability and security that Hometown Health insisted upon for their payments solution for their members, giving patients access for making credit card or e-check payments online.
Mako Networks has been certified as compliant with the stringent Payment Card Industry Data Security Standards for a second year as a worldwide Level One service provider. The certification means Mako meets the most difficult criteria and highest levels of security clearance for handling credit card data. Mako Networks is presently the only Level One-certified network management company in the world – due mainly to its patented communication technology. Mako Networks was reviewed across 212 technical and procedural requirements in 12 categories, accompanied by supporting evidence, documentation, employee interviews and technical system checks for data security and integrity. The findings of the audit were written up into a full 422-page report, which certified Mako Networks and the Mako Networks System as PCI DSS-compliant.
CBOSS PCI DSS-compliant online payment solutions for healthcare and Boston-based Best Doctors medical consultation have partnered to offer national and international clients access to online payments via CBOSS’ PCI-compliant “Central Payment Portal” payment solution. CBOSS delivered the required features, reliability, and scalable product with the vital security that Best Doctors demanded in a solution. The CBOSS “CPP” is a secure web-based hosted service that allows businesses to automate manual payment processing operations, creating significant improvement in operational efficiency and provides multiple integration layers with legacy financial systems. It offers a single method for payment integration from multiple sources and gives Best Doctors the ability to manage and process reports from their headquarters location.
While the majority of PCI compliant organizations suffer fewer or no breaches, most practitioners still do not perceive PCI-DSS to have a positive impact on data security. This is based on findings showing, 64% of PCI-DSS compliant organizations reported suffering no data breaches involving credit card data over the past two years while 38% of non-compliant organizations reported suffering no breaches involving credit card data over the same period. Moreover, 63% of compliant organizations suffered no more than a single data breach, compared to 22 percent of non-compliant organizations, and 26% of non-compliant organizations suffered more than five breaches over the same time period. These findings, according to Imperva data security and the Ponemon Institute’s the “2011 PCI DSS Compliance Trends Study,” also shows hypocritical sentiments showing 88% did not support the claim that PCI-DSS compliance has a positive effect on the number of breaches experienced and only 39% mentioned data security improvement as one of the regulation’s value propositions for business. Additionally, only 33% believe that PCI-DSS compliance expenditure is covered by the value it brings to organization.