Try Transparent Built In Fraud Prevention

Credit cards are a great way for consumers to purchase goods because they offer a variety of security features and benefits. For the business owners who fail to try Transparent built in fraud prevention, these same credit cards can sometimes become a security risk, making it possible for faulty transactions to occur. Perhaps more importantly, there is also the risk that credit card information can be compromised, which is a serious security violation and can make customers reconsider doing business with you again in the future.

To combat the various security threats that might affect your business, you must ensure that the merchant accounts you establish have robust and powerful security measures in place. With Transparent, there are two major security protocols to consider that will help ensure that all of the credit card information remains safe and secure. This will keep your merchant account in good standing, and will keep your customers feeling secure when they transact business with you.

PCI Level 1 Compliant

The first step to having all of your ducks in a row is to try Transparent built in fraud prevention to ensure that your merchant account is PCI compliant. In 2004, companies accepting credit cards banded together and formed a uniform PCI DSS (Payment Credit Industry Data Security Standard). Put differently, they decided that credit card security was a serious concern and they wouldn’t put up with any theft of information. Today, any company transmitting or storing credit card information must be PCI compliant.

There are twelve separate requirements to remain PCI compliant, including:

1. Maintain a firewall;
2. Have original passwords and security measures in place;
3. Offer protection of cardholder information;
4. Encrypt all information while transmitting it;
5. Keep anti-virus software up to date;
6. Establish and maintain unique security systems for the data;
7. Keep cardholder information private, except on a need to know basis;
8. Offer unique IDs for each individual with computer access;
9. Block any physical access to cardholder information;
10. Monitor all access to cardholder information and network resources;
11. Perform regular tests to ensure security measures are effective; and
12. Have an information security policy in place.

To reach Level 1, Transparent not only processes over 6 million credit card transactions each year, but it regularly undergoes internal audits to ensure that the system runs smoothly.

SecurityMetrics Protects Merchant Accounts

Beyond just being PCI compliant, Transparent goes above and beyond accepted standards by offering SecurityMetrics protection. Business owners who try Transparent built in fraud prevention will be afforded this level of protection on their merchant accounts, they can account for PCI, HIPAA, GLBA, and other security standards without having to put in extra effort. It uses a unique algorithm to identify and securely delete sensitive payment information that should not be saved.

If a data breach occurs, a credit card association can order an investigation that costs up to $100,000. With SecurityMetrics, there is an assumption that this sort of breach will not occur, so if it does this feature includes coverage of up to $100,000 per Merchant Identification Number (MID). This means that if the worst does occur, you can still have the peace of mind that you are protected.

If you find that you have questions regarding the security features of any Transparent terminals, please contact a representative today to find out what other security measures exist.