October 2012

What is PCI Compliance?

PCI is an acronym for the Payment Card Industry which refers to credit and debit cards that consumers use to make purchases. The Payment Card Industry Data Security Standard (PCI DSS) is a standard that has been developed by the Payment Card Industry Security Standards Council to protect the information that is processed and transmitted by credit cards, debit cards, ATM, POS, and e-purse transactions. Originally, similar standards were developed by some of the world’s leading credit card companies including Visa, Mastercard, American Express, Discover, and JCB. Over time, these companies came together to form the Payment Card Industry Security Standards Council to enforce a set standard across the board.

PCI compliance means following the requirements laid out in the Data Security Standard. If a merchant is PCI compliant, it has taken extra measures to ensure that its clients’ information is secure, and consumers should feel more comfortable trusting that merchant with their credit card information. PCI compliance helps reduce credit card fraud.

The Data Security Standard outlines several objectives and 12 specific requirements that need to be met to be considered compliant with the standard. The requirements are separated under the heading of different objectives as follows:

Objective 1: Build and Maintain a Safe Network

1. Install and maintain a firewall configuration to protect cardholder data

2. Do not use vendor-supplied defaults for system passwords and other security parameters

Objective 2: Protect Cardholder Data

3. Protect stored cardholder data

4. Encrypt transmission of cardholder data across open, public networks

Objective 3: Maintain a Vulnerability Management Program

5. Use and regularly update anti-virus software on all systems commonly affected by malware

6. Develop and maintain secure systems and applications

Objective 4: Implement Strong Access Control Measures

8. Assign a unique ID to each person with computer access

9. Restrict physical access to cardholder data

Objective 5: Regularly Monitor and Test Networks

10. Track and monitor all access to network resources and cardholder data

11. Regularly test security systems and processes

Objective 6: Maintain an Information Security Policy

12. Maintain a policy that addresses information security

Each one of the requirements mentioned above has a number of specific sub-standards that are required to fulfill the more general requirement. All in all, it is said that there are about 220 sub standards that must be met by merchants to be PCI compliant. Compliance with these standards does impose additional costs on merchants which ultimately go towards protecting consumer information.

Become a Partner with Vision Payment Solutions

Vision Payment Solutions (VPS) offers a variety of merchant services to businesses and institutions of all sizes. They specialize in helping businesses complete the transactions that are necessary for day to day operations at the lowest cost possible. Their wide range of merchant solutions include a variety of products including credit card terminals, pin pads, wireless terminals, check readers, and a variety of innovative products that enhance transactions using smart phone technology. In addition to supporting businesses through hardware, VPS also supports transactions by offering merchant accounts that accept credit and debit card transactions and have developed cash register systems that make transactions quick and easy! VPS offers everything that’s needed for a small or large business to process transactions in a cost-effective way.

Would you like to get involved with this great company? It’s easy and profitable to become a referral partner with Vision Payment Solutions (VPS). VPS invites you to become a referral partner and begin profiting from their incredible transaction processing service! Here’s how it works:

First, you complete a simple online application to become a partner. Then, you can start to refer your clients and other business associates to VPS. Those that choose to do business with VPS are counted as customers referred from you and you’ll receive residual payments for each month that they continue with VPS services! It’s easy and profitable! VPS will make direct deposits to your account on a monthly basis.

What are some groups that are positioned particularly well to benefit from a referral partnership with Vision Payment Solutions? Owners of small businesses are just one group. Small business owners need these transactions services for their own business but also are linked in to networks of other small business owners. It’s easy to refer your clients to service that has helped you increase your own profitability!

Web hosts are another group that can be very successful referral partners. Many of their clients are involved in ecommerce and may be new to doing business online. How easy would it be for the company that provides their hosting to refer them to the transactions services that they need to make their business work? Out of this natural business relationship, clients of web hosts will find what they need and web hosts will be able to profit from the incredible services offered by VPS!

Merchant associations and financial institutions are some of the other groups that have business relationships that make referrals to VPS natural and effective!

Don’t miss this opportunity to earn an ongoing residual for referring your friends and associates to Vision Payment Solutions!

Products from VPS That Enable Businesses to Grow

The fact is that these days cash is not king anymore. Plastic is and, as any business owner can attest, being able to process debit and credit cards is indispensable for any merchant, whether it is a small boutique, a large retail store, or an e-commerce business. This is where a dependable merchant processor is an invaluable asset to any business.

Founded in 2003 and headquartered in Portland, ME, Vision Payment Solutions offers state-of-the-art payment applications to merchants large and small nationwide. They make available to their customers solutions for all platforms in e-commerce, retail, customized payment applications and software integration.

Vision Payment Solutions offers a wide range of credit card machines, as well as the ability to process EBT, ACH and e-check transactions, stored value and gift cards, and bill payments. The VPS line of products includes the user-friendly and highly reliable Nurit 2085 from Lipman, a longtime favorite of many merchants; and the compact and affordable Nurit model 3020 with a built-in keypad and hot key shortcuts that are fully customizable. For merchants who want to invest in a model that can be upgraded as their business grows, the standard counter-top Nurit 8400 offers the best in flexibility and adaptability.

For mobile payment solutions, one of their newer and more versatile options is the Nurit 8400-U with auxiliary battery pack to facilitate the store and forward option and a broad range of communicating options, including GRPS, Ethernet LAN and high-speed dial-up. This model is a must-have for trade shows and other off-site applications to ensure any merchant that they never miss a credit card sale. VPS also carries several other wireless terminals from Dejavoo and Way Systems.

VPS has additional choices in credit card machines from Hypercom, Dejavoo, and Verifone. The cost effective entry level Verifone VX 510 is available in a dial-up or an Ethernet version, both with internal PINpads and weighing only about a pound. One of the absolute smallest terminals available today is the Verifone Omni 3750 and it also offers some of the best features, including a built-in PINpad, smartcard reader and thermal printer. This terminal can also process more than one merchant account from just one terminal.

The Hypercom models offered by VPS include the versatile Hypercom T4205, as well as the T7P, T7-Plus, T4210, and the T4220. All are well-known Hypercom models. For merchants who prefer Dejavoo products, VPS carries the small footprint model M5 with a back-lit display and keyboard, plus wireless capability for payments on the go.

PINpads are also available from VPS and include the Verifone 1000SE and the P1300 PCI from Hypercom. Both models offer easy trouble-free implementation. In addition, VPS carries check readers that include the economical Magtek Check Reader and the MICR reading Magtek Check Imager.

Last, but not least, nothing says “state-of-the-art merchant” to customers quite like a smartphone app. VPS offers the safe and easy QwickPAY swiper, and the new PAYware app with geo-tagging, both designed  for use with iPhones, as well as the compact and lightweight ROAMpay Swiper for use with any BlackBerry, iPhone and some Android devices.