Protect Customer Data
A sensitive data compromise, specifically of consumer payment information, can be lethal to Level 3 and Level 4 merchants. The cost per record to remediate is currently $90 but will increase to $135 in the coming months with PCI enforcement. It is no surprise that fully 40% of merchants already cite compliance and data management as their chief information security concern (Source: InfoPro Information Security Study Poll 2007). However, addressing the concern is not without cost.
Industry experts estimate the remediation cost to Level 3 and Level 4 merchants at $5B [
Source: Walter Conway Associates ]. Commerce Safe is a hosted PCI compliance program offered by IP Commerce that reduces the cost, time and complexity for software companies and merchants to achieve and maintain PCI compliance. Commerce Safe provides an easy to use bundle of tools and services that enables software companies and merchants to securely outsource storage of their sensitive payment information on a daily basis.
Benefits
- Resolve payment information security potential multi-million dollar liability
- Offer secure, compliant recurring payments to customers (with notification of expiry)
- New service opens up new revenue source
- Low cost, time efficient method to activation
- Ongoing support and visibility
- Free educational training
- Low monthly fee basis eliminates budget surprises
Components & Features
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Best Practices & Educational Documentation and Certification Test for Software Compliance
The importance of payment security cannot be overstated. Don’t attempt to address security concerns without first being properly educated.
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IP Commerce Rapid Compliance Program for PA-DSS
Commerce Safe provides an integrated tools and process solution that significantly reduces the time and cost of PA-DSS certification
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Secure, Token-Based Off-Site Cardholder Data Storage
How do you handle sensitive customer data? Eliminate the complexity of data persistence by leveraging cloud-based, secure data storage.
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Host Capture Bankcard Services
Do your customers operate in a fashion that requires host-capture capabilities for credit card processing? A single message can provide for both authorization and capture eliminating the process of nightly batches.
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Enable Secure, Recurring Payments
Recurring payments are a must for many businesses. However, the traditional methods of storing customer data are simply insecure. Leverage Commerce Safe to handle the complexity of data storage and data retention.
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Address Merchant PCI-DSS Requirements
Commerce Safe offers PCI home page for the merchant, self-assessment questionnaire tools and regularly scheduled network scans (as mandated by the PCI Security Standards Council)
Commerce Safe resolves the multi-billion dollar liability represented by payment information security requirements and provides solutions for many of the most difficult to achieve payment compliance requirements. With its ongoing support, free educational training, and a low-cost, efficient method of implementation, software companies can spend more time building market-leading products and less time complying with industry mandates.
Contact IP Commerce to learn more about Commerce Safe and discuss the low monthly fee that eliminates the potential for future budgetary surprises related to achieving, and maintaining, compliance.