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Payment card industry data security

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In view of some recent high profile coverage on lost data, alarm bells must be ringing for all organisations and security professionals looking at how to prevent such incidents happening to them.

One suggested solution, is to comply with the Payment Card Industry Data Security Standard (PCIDSS), writes Ian Gates, director of Capita Software Services.

He says all organisations which accept credit or debit card payments are now required to meet the specified standard.

Improving the security level could also contribute towards a reduction in transaction fees as rates charged by banks are automatically reduced.

Not all organisations realise that the higher the level of their security, the lower the transaction rate is.

For example, one local authority reduced the amount they were charged for credit card payments by 21% and debit card payments by 24% saving thousands of pounds in one year.

Authorities can simultaneously ensure the highest level of security while saving a huge amount of time and money spent on added security within its own operations.

Read the full article here

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