The epic battle over the secure element that enables NFC contactless mobile payments is taking shape and the corporate armies are building their positions and preparing for war. The spoils of victory are substantial; by 2014, analysts expect mobile payments to reach $633 billion annually, with 490 million customers using their phones to move cash around. The GSMA mobile operators favor the secure SIM card (both removable and embedded) while the banks appear to favor MicroSD cards fitted with NFC capabilities and stickers with combined NFC/Bluetooth chips.
This section of Prineta.com features posts about industry news, trends, happenings, commentary on new products, information about pci compliance, and a bunch of content that doesn’t fit nicely into our other categories.
PCI Compliant Merchants Less Likely to be Victims of Breach
Merchants that are compliant with Payment Card Industry Data Security Standards (PCI DSS) are less likely to be victims of cardholder data breaches according to a new 2011 PCI DSS compliance trends survey.
Look For Security Threats from the Inside
High-tech hackers capable of breaking into sophisticated networks may be what many small-business owners envision when hearing about data-security risks. In their minds, such breaches are more likely to plague a corporate retail giant than a small, family-run shop.
But in many cases, attacks can be as low-tech as a dishonest cashier jotting down a few credit card numbers and stuffing them in his pocket. And with the myriad ways companies face being affected by fraud, achieving 100% compliance with Payment Card Industry data-security standards among the more than 5 million small U.S. merchants can be daunting for ISOs and acquirers.
Deep-Dive on Payment Security: Encryption & Tokenization
Thought leadership from First Data released a new whitepaper on encryption and tokenization. If you are an informed merchant or software developer looking for the most advanced payment security technologies then this whitepaper is for you.
What is EMV Chip-and-PIN?
Due to problems with “skimming” fraud, magnetic stripe bank cards are becoming a payment method of the past in most places around the world except America but that is soon to change. EMV, which stands for Europay, MasterCard and VISA, is a global standard for chip-and-PIN electronic payments. Insteading of paying with the old school mag-stripe credit card, soon mobile phones that have near field communications (NFC) chips will bring EMV chip-and-PIN payment technology to America.
Guidance for Understanding PCI Security Requirements
Searching for information on how to understand PCI security requirements and make sure you keep card data secure? Watch a checky jib-jab style video and learn more about the requirements.
Think Twice About Refusing Small Ticket Transactions
According to a new survey from Market Strategies International, about one in five consumers would stop frequenting merchant locations that refuse to accept their credit cards for small payments under the new payment reform act.
If you are a small ticket merchant, you may want to think twice about refusing small transactions.
Like Our Content? Check Out Other Payments Industry Blogs.
Thank you for visiting the ATM and Merchant Services Blog of Prineta Payment Consulting. While we strive to regularly post new, relevant, and interesting payments content, we know its a big world. If you like our content, you may also want to check out the list of payments industry blogs at PaymentsNews.com and consider Payments Source.
If you are searching for payments industry blogs then you may like Prineta.com. We know the importance of good quality, relevant content. Read more about Prineta.
Payment Card Industry Data Security Standards Compliance
Is your credit card processing PCI DSS Compliant? Limit unnecessary exposure; speak to one of our PCI Compliant Specialists to find out:
1. If your terminal is Compliant with the latest requirements.
2. If your Accounting Software is the latest and most protected Version?
3. If your customer information is being properly encrypted when it dials
out or uses the Internet for Authorizations?
We can help ensure you are in compliance with all the latest security requirements by:
1. Thoroughly explaining the requirements and making it easy to understand.
2. Issuing you a new Compliant Credit Card Terminal if necessary. We even offer free terminals to qualified merchants.
3. Giving you a free copy of your Accounting Software’s most recent version if you process through Quickbooks or PeachTree.
4. Providing recommendations and best practices for achieving and maintaining PCI DSS compliance.
5. Introducing you to PCI compliance industry experts like Trustwave.
Connect With Us On Merchant Circle!
Have you ever heard of Merchant Circle? If you own a small business and want to be found on the internet, you need to create an account on Merchant Circle and actively use all the available tools. It is like Facebook for small businesses. And best of all, it is FREE!