Essay on Components of PCI Standards

If you have ever bought something over the internet and used a credit card you may not have thought how secure is my information? Is this vendor someone I can trust with my credit card number? Will they inform me if my information is lost or stolen by them? These questions and many more can be answered by the Payment Card Industry Data Security Standard (PCI DSS). The PCI DSS compliance requirements are strictly enforced by the payment card brands to all merchants who transmit, store, or process credit card information. The main goals or objectives of PCI DSS are: build and maintain a secure network that is PCI compliant; protect cardholder data; maintain a vulnerability management program; implement strong access control measures; regularly

Firewall: A firewall is a software or hardware-based network security system that controls the incoming and outgoing network traffic by analysing the data packets and

A firewall protects networked computers from intentional hostile intrusion that could compromise confidentiality or result in data corruption or denial of service. It may be a hardware device or a software program running on a secure host computer. It must have at least two network interfaces, one of the network it is intended to protect, and one for the network it exposed

Layer 5 which is the Session layer allows the applications to establish a session by connecting systems. It provides a synchronisation between communication computers as well as manages and terminates the session if required and this depends on how the communication will take place. It also provides operation such as simple, half duplex and full duplex.

A single data breach can severely impact a company’s reputation as well as their ability to conduct business in the future. For merchants that process, store and transmit credit card information, PCI DSS has never been more important.

Pay by tap credit cards: This is a permanent physical data storage mean where all credential data is on it, it’s kind of like a black box container where you can use the information store on this piece of object, since this kind of object is easy to steal by an entity, therefore it should be considered as a threat.

There are advantages and ways that a single physician medical practice can start a card payment system. According to the research firm Javelin Strategy and Research. By the year 2017, twenty-three percent of all point of sale or counter sales will be made in cash ( Brooks, 2014). What this means is that over seventy percent of counter sales or point of sale transactions will be made electronically. It is, for this reason, prudent for all forms of business to ensure that they can evolve with the market. If the business is unable to do so, it is likely to lose its edge over its competitors. The Payment Card Industry Data Security Standard, are the rules that regulate the way businesses or organisations handle credit card information or data.

Redesigning of these cards is a part of the Next Generation Secure Identification Document Project. The new cards will have fraud resistant security features and enhanced graphics. These new features will make the cards highly secure and tamper-resistant.

Secure Credit Card data per standards of the Payment Card Industry Data Security Standards (PCI DSS).

called as PCI-DSS is that the standard is made to help the controls of the card holder information also, its chiefly done to the turn away the credit card misinterpretation by exposure. The PCI-DSS

A firewall is a system or group of systems that enforces an access control policy between two or more networks. The means by which this control is accomplished varies widely, but in principle, the firewall is a pair of mechanisms, one that blocks traffic and one that permits traffic. Some firewalls emphasize blocking traffic, while others emphasize permitting traffic. The most important thing to recognize about a firewall is that it implements an access control policy. If you don't know what kind of access you want to permit or deny, or you let someone else or some product configure a firewall based on judgment other than yours, that entity is making policy for your whole organization.

The scientist practitioner model has been particularly helpful towards the professional training of psychologists since its formulation in 1949 (Hayes et al, 1999 ). The aim of this model is for training psychologists to integrate science and practice towards enhancing the effectiveness of varied mental health services (Hayes et al, 1999) .Although this model has been widely accepted, it has

The Dawn of SmartCards: What you Need to Know about Plastc, Coin 2, and Swyp

Before credit and debit cards were developed, merchants would issue a line of credit to customers who did not have the funds to purchase their items. This credit processed involved using a ledger to record the amount owed for the items purchased. In today’s vastly growing economy, credit and debit card use plays an ever-present role in society. “Credit and debit card acceptance enables merchants to sell goods and services to customers who increasingly choose electronic forms of payment over other payment types” (“Payments 101”, 2010). Everything from purchasing house hold items such as grocery’s and furniture, to minimal tasks such as paying for parking for an hour, credit and debit cards provide people with more freedom when it comes to having access to funds and making purchases. Along with the rise of credit and debit cards, in a computerized and technological world where information is valuable, securing credit card information has its challenges. Validation and encryption are important practices that ensure the security of debit and credit cards, and they play a key role in providing the customer with assurance that their funds and bank information is confidential and secure. This paper will begin by explaining how credit and debit transactions take place and will go into further detail about the security, validation, and encryption processes that take place throughout the transaction. For the purpose of this paper the term credit cards will refer to both credit and

Before credit and debit cards were developed, merchants would issue a line of credit to customers who did not have the funds to purchase their items. This credit processed involved using a ledger to record the amount owed for the items purchased. In today’s vastly growing economy, credit and debit card use plays an ever-present role in society. “Credit and debit card acceptance enables merchants to sell goods and services to customers who increasingly choose electronic forms of payment over other payment types” (“Payments 101”, 2010). Everything from purchasing house hold items such as grocery’s and furniture, to minimal tasks such as paying for parking for an hour, credit and debit cards provide people with more freedom when it comes to having access to funds and making purchases. Along with the rise of credit and debit cards, in a computerized and technological world where information is valuable, securing credit card information has its challenges. Validation and encryption are important practices that ensure the security of debit and credit cards, and they play a key role in providing the customer with assurance that their funds and bank information is confidential and secure. This paper will begin by explaining how credit and debit transactions take place and will go into further detail about the security, validation, and encryption processes that take place throughout the transaction. For the purpose of this paper the term credit cards will refer to both credit and