{"id":4755,"date":"2011-12-02T17:52:00","date_gmt":"2011-12-02T17:52:00","guid":{"rendered":"https:\/\/evssolutions.com\/pci-compliance-is-critical-to-consumer-protection-and-id-authentication\/"},"modified":"2011-12-02T17:52:00","modified_gmt":"2011-12-02T17:52:00","slug":"pci-compliance-is-critical-to-consumer-protection-and-id-authentication","status":"publish","type":"post","link":"https:\/\/evssolutions.com\/insights\/pci-compliance-is-critical-to-consumer-protection-and-id-authentication\/","title":{"rendered":"PCI Compliance Is Critical to Consumer Protection and ID Authentication"},"content":{"rendered":"<p>Is there any industry standard more feared as <a title=\"PCI compliance\" href=\"https:\/\/www.pcisecuritystandards.org\/\">PCI compliance<\/a>? As with most industry standards, the rules<br \/>\nseem overreaching and the supporting industry of vendors, ready to ensure<br \/>\ncompliance, plentiful. As<br \/>\ncumbersome as the process may be, <a title=\"protectingconsumer information\" href=\"https:\/\/www.electronicverificationsystems.com\/solutions\/identifraud-corporate\/\">protecting consumer information<\/a> especially credit data, is critical to ensuring<br \/>\nconfidence in merchants and processors.<br \/>\nPCI does a great job setting a standard for keeping credit card data out<br \/>\nof the hands of thieves.<\/p>\n<p>But what about merchant transactions after a credit card has<br \/>\nbeen stolen? Lets say a merchant is<br \/>\nhacked and large amounts of client credit data are compromised. Most of the impact discussed in the media is<br \/>\nspeculative. The hacked firm faces the<br \/>\nPR nightmare, but the true impact happens when a thief uses the stolen<br \/>\ninformation; the merchants and people whose identity is stolen are truly hurt. The long-term impact is on the small<br \/>\nmerchants, left to clean up charge-backs.<br \/>\nAsk anyone whose identity has been stolen what type of a mess it is<br \/>\ncleaning up credit files. <\/p>\n<p>PCI suggests using two-factor authentication, an established<br \/>\npassword plus something you have or something you are to prove a users<br \/>\nidentity. Using a 3<sup>rd<\/sup> party<br \/>\nto independently verify and identify your clients fits the PCI model, and<br \/>\nfrankly, is just good business. <a title=\"IdentityVerification\" href=\"https:\/\/www.electronicverificationsystems.com\/solutions\/\">IdentityVerification<\/a>, such as out-of-wallet <a title=\"KnowledgeBased Authentication\" href=\"https:\/\/www.electronicverificationsystems.com\/products\/knowledge-based-authentication.aspx\">Knowledge Based Authentication<\/a>, is a great addition to two-factor authentication and<br \/>\nhas no impact on a solid PCI plan. Merchants<br \/>\nand processors absolutely need to focus on keeping credit data in their systems<br \/>\nsafe, but dont forget about keeping fraudulent charges\/data from being<br \/>\nprocessed!<\/p>\n<p>[Contributed by Jeff Davis, President and CEO]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Is there any industry standard more feared as PCI compliance? As with most industry standards, the rules seem overreaching and the supporting industry of vendors, ready to ensure compliance, plentiful. As cumbersome as the process may be, protectingconsumer information especially<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[40],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4755"}],"collection":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/comments?post=4755"}],"version-history":[{"count":0,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4755\/revisions"}],"wp:attachment":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/media?parent=4755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/categories?post=4755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/tags?post=4755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}