PCI Compliance Get the Facts Regarding this Critical PCI Compliance for Ecommerce Sites

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Don't impede your online sales due to customer concerns about fraud and data piracy. Ensure your site adheres to the stringent PCI DSS security requirements. Adhere to full compliance to meet your responsibility to safeguard and protect your customer's data. Reduce the serious risks associated with a data security breach to your business. Promote your compliance to your customers and give them added piece of mind.

What is PCI DSS?

PCI DSS stands for Payment Card Industry Data Security Standard. The standard is a set of consolidated technical and operational requirements designed to help organizations that process card payments prevent credit card fraud, hacking, and various other security vulnerabilities.The standard is multifaceted and includes requirements for security management, policies, procedures, network architecture, software design and other critical protective measures. The PCI Security Standards Council is composed of representatives from American Express, Visa, MasterCard Worldwide, and Discover Financial services.

Why is this important?

PCI DSS encourages businesses that store payment account data to comply with the PCI DSS to lower their brand and financial risks associated with account payment data compromises. The PCI Security Standards Council does not manage compliance programs and does not impose any consequences for non-compliance. Individual payment brands, however, may have their own compliance initiatives, including financial or operational consequences to certain businesses that are not compliant.

In 2006, Visa levied $4.6 million in fines, up from a 2005 total of $3.4 million. More recently, based on a January, 2007 breach, TJX Companies reached a settlement with MasterCard Inc. in which it will pay up to $24 million to banks and other institutions to cover fraud losses stemming from its massive data breach. TJX, parent of discount retain chains including TJ Maxx and Marshalls, struck a similar deal with rival card network Visa in which it agreed to pay up to $40.9 million.

Meet the Stringent Requirements for PCI Compliance with GoECart Ecommerce Solution

GoECart has security and technology partnerships in place with data security experts, so that GoECart-enabled retailing customers can validate compliance with the Payment Card Industry Data Security Standard (PCI DSS); as well as address the security concerns of online consumers and maximize online sales. GoECart provides services to validate PCI DSS compliance, and discounts on certification services.

For example, McAfee Secure's HACKER SAFEĀ® PCI DSS Validation Service provides merchants with services they need to be validated to the PCI standard, including: unlimited security scans of up to 6 domain names or IP addresses, an interactive self-assessment questionnaire, and comprehensive telephone/email technical support from CISSP certified security specialists.