Video Rewind: Data security important when accepting plastic payment

With new services offering small merchants a way to accept credit card payments on an iPhone (such as the product offered by Payfirma) it’s now easier than ever to ask your customers “will that be paper or plastic?” and keep a straight face.

But accepting credit card payments requires more due dilligence on the part of a business than just buying a cool new iPhone dongle. There’s data security standards to be met set by the payment card industry, and ignoring them can lead to disastrous results. One restaurant was breached by a hacker and had credit card data stolen, and later used for $1 million worth of fraud. Since the merchant was storing magnetic stripe data, which is against Visa’s data standards, the restaurant was on the hook for those losses.

Michael D’Sa, Visa Canada’s data security manager, explains the importance of small merchants insuring they’re compliant with data security standards and some pointers on protecting customer data in this March 2009 video.

Would you recommend this article?

Share

Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.


Jim Love, Chief Content Officer, IT World Canada

Featured Download

Featured Story

How the CTO can Maintain Cloud Momentum Across the Enterprise

Embracing cloud is easy for some individuals. But embedding widespread cloud adoption at the enterprise level is...

Related Tech News

Get ITBusiness Delivered

Our experienced team of journalists brings you engaging content targeted to IT professionals and line-of-business executives delivered directly to your inbox.

Featured Tech Jobs