Enhanced security features are developed continuously by Issuers to improve the security of customers. Card issuers are partnering with major card networks to employ new technologies and process solutions to prevent fraudulent transactions. Some of the new measures are: Verified by Visa and MasterCard SecureCode; virtual credit card; virtual keypads; and dynamic passwords. In Verified […]
In payment processing, the cardholders make payment card purchases from merchants, merchants send payment transaction data to their acquirers, and acquirers send payment transaction data through the payment network to the issuer. The issuer is the one that actually issues the card to the cardholder and, each time the cardholder makes a purchase, provides transaction […]
All merchants that store, process or transmit cardholder data must be PCI compliant as per the requirements. Each merchant that is categorized as a Level 1, Level 2 or Level 3 merchant is required to report its compliance status directly to its acquiring bank. Generally, level 1 merchants are required to validate through an annual […]
The primary role of a QSA is to validate a merchants compliance against the PCI DSS. To achieve this they must: Validate the scope of the assessment Conduct PCI DSS assessments on merchant and service provider environments. Verify all technical information given by merchant or service provider. Use independent judgement to confirm PCI DSS requirements […]
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