Heads Up on Changing Credit Card Rules: An Introduction to PCI Compliance

April 2010
by Liz Franklin

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Heads Up on Changing Credit Card Rules: An Introduction to PCI Compliance

by Liz Franklin

If you accept credit card orders for books or anything else, your credit card provider will insist on scanning your computers soon. This is because new regulations apply to publishers and authors who sell from their Web sites (as well as to a host of other credit card merchants). Who’s doing it? The payment card industry. Why? To protect customer data.

Merchants like you will have to comply with these new regulations by July 1, 2010, to avoid huge fines, fees, or even forensic audits. I’m a publisher, not a lawyer, so I can’t give you legal advice about complying with the new regulations, but I often write about business issues, and I’ve done the research to help you address as many concerns as possible.

It’s important to recognize that vulnerability occurs when stored credit card numbers and other information can be accessed—not just inappropriately accessed, but accessed at all. Storing data is far more dangerous than processing it.

This means that no company should store credit card data any longer than absolutely necessary. (Even when the data is in hardcopy form, you should shred it immediately after processing it.) When data comes in via your Web site or em…IBPA Members – Click here to view the full article (login required).

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