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Secure Your E-commerce Transactions for Compliance and Monetize the Value of Your Data

As you consider how to collect payments for your e-commerce business, you will also have to consider which form of payments to accept. The most widely accepted form of payment for e-commerce is card payment. As a result, you’ll have to determine how to collect card payment information in a PCI compliant manner.

Have you ever considered the relationship between the PCI DSS QSA and your business? When you are looking to become PCI DSS compliant and protect your consumer’s sensitive data, your Qualified Security Assessor becomes invaluable. Not only does a PCI QSA conduct your PCI DSS audit, but they are also the only person capable of providing you with a Report on Compliance (RoC).

So, you’re a small business owner with a startup that needs to demonstrate compliance with the Payment Card Industry Data Security Standard (PCI DSS).

Regardless of your business type, if your organization needs to become PCI compliant, that means you plan on operating on cardholder data and you have a responsibility to protect that sensitive credit card information.

Do you know how long it takes to become PCI compliant?

Fulfilling all the requirements spelled out in the Payment Card Industry Data Security Standard (PCI DSS) is a complicated process with a ton of moving pieces.

Is your organization connecting to a payment gateway, processor, or other financial institution – like FIS or I2C – that requires you to use ISO8583 to handle payment messaging?

If so, you likely already know that your business needs to achieve some form of PCI compliance in order to handle the sensitive data contained within those messages.

A simplified crash course on the Payment Card Industry Data Security Standard (PCI DSS), including the most cost-effective path to securing cardholder data and quickly obtaining PCI Compliance.

Unsure about PCI Compliance? Here’s everything you need to know about PCI DSS and what it takes to obtain – and demonstrate – your company’s compliance.

You can do this yourself or with the help of third parties, which we will cover at the end of this post.

These days, it seems that companies are having to navigate increasingly complex data compliance regulations. From following PCI DSS rules to maintaining HIPAA, GDPR, and CCPA compliance, the complicated web of global regulatory frameworks for data protection just keeps getting more and more tangled.

The next era of data security is already upon us, and it involves washing our hands of sensitive user data entirely.

Imagine a world where your business doesn’t have to worry about managing its own Payment Card Industry Data Security Standard (PCI DSS) compliance, simply because sensitive cardholder data never passes through your systems in the first place.

It’s a concept we call Zero Data.

The hard-to-face reality is that billions of personal records are exposed each year. A commonly used, yet incomplete solution, is tokenization. Tokenizing sensitive data does not eliminate the need to achieve and certify PCI DSS compliance.
In order to completely descope from PCI, a business can partner with a data custodian (VGS) that handles 100% of data capture and vaulting – removing any compliance risk and completely avoiding data leaks.