subject: Pci Compliance - A Must For Online Transaction Using Credit Cards [print this page] With the emergence of online transactions using plastic cards there was emergence of theft using stolen credit cards, so in lieu of stopping crime payment card industry or PCI compliance was set. PCI compliance is basically a set of rules or standard procedures introduced by PCI Standards Council to be followed during every online transaction using credit cards. Every business owner has to pay a certain amount to ASV (Approved Scanning Vendor) in lieu of checking themselves for PCI Compliance along with an approval to scan their websites and test web servers for PCI compliance in case required. Thousands of automated tests for security checks are run through these ASVs.
This is actually an initiative taken by all credit card companies to keep their system safe and secure from any kind of fraudulent transaction hence forcing business owners maintain their system safe and secure while payments through credit cards.
Being an online business owner locating an ASV and getting tested for PCI compliance is must. Since PCI compliancy is a mandatory condition for all business owners whose payment is processed through credit cards. PCI scanning is a quarterly affair as set by PCI standard council but some companies offer the same daily. These PCI scanning mainly focuses for any issues during any online transaction. In case of any issue the system automatically resolves the issue and passes the server or website as per PCI compliancy requirements. In such cases it is very unlikely for the issues to emerge again.
Though PCI compliancy is not a law but having a PCI compliant online business system is advisable. One has to aware of threats prevailing in online business transactions through credit cards. Well for a making a safer online business by the use of credit cards negligence on part of PCI compliancy is strictly not recommended, as this could harm ones business and reputation, even one could be barred from the usage of credit cards as a mode of payment. Having a compliancy scanning for PCI requirements some companies also offer web seals to business owners. This helps in boosting sales by attracting customers looking for safer transactions.
Once customers are assured that their payment is secured, certainly an increase in traffic could bring more business to owners having PCI compliant sites along with web seals.
by: Nitesh Patel
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