Our credit card processing and credit card storage solutions were recently reviewed by Armando Roggio at Practical Ecommerce. He gave us 4.5 out of 5 stars. Our favorite part, "Braintree is a no-brainer...". Here is an excerpt:
Comments: 0 | Post a CommentWithout a safe, reliable means of processing payments, there would be no ecommerce. So it is not a surprise that managing payments and securing credit card and customer information is a major concern for online retailers.
Braintree Payment Solutions offers merchants a complete electronic payment service that quickly processes payments and keeps customer data secure, in most cases slashing a merchant’s payment card industry (PCI) compliance costs by 90 percent or more, according to the company.
I was a little skeptical when I was first introduced to the Braintree solution, but after reviewing its products, asking about IP spoofing (a hacking tactic wherein the hacker pretends to be a server it is not), and consulting with an experienced developer friend, I find myself awarding Braintree Payment Solutions, four and a half out of a possible five stars in this, “The PeC Review,” my weekly attempt to introduce you to products or services that have the potential to improve your ecommerce business.
According to a report released today, 70% of retailers treat PCI Compliance as a check-box. The remaining 30% are apparently taking it seriously.
PCI Compliance, whether taken seriously or as a check-box, really is an economic decision: (financial cost + reputational cost + business disruptions cost) x probability of breach is ≤ or ≥ the cost, effort and distraction of 'serious' compliance efforts. 30% apparently think the risk is too great and 70% take the business risk and do just enough to avoid being labeled as negligent.
My guess is that this 70% is also observing that no matter how intense compliant efforts are, post breach forensics will always find non-compliance (large or small) somewhere, which will eliminate much of the benefit for trying anyways.
I think that solution providers will help bridge this gap and make compliance and security achievable and worth the cost and effort regardless of risk preference.
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We announced today that OpenTable selected us as their global PCI Compliance solutions partner. Our solution helps OpenTable comply with PCI Compliance requirements and increases credit card data security. The solution is currently being rolled out in the latest version of their Electronic Reservation Book that is used by 11,000 restaurants around the world.
The OpenTable team has been great to work with and we couldn't be more excited about the partnership.
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