A number of high profile security breaches has once again brought a lot of attention to the need for information security . Merchants who suffer a security breach are subject to fines up to $500,000 per incident, and will likely lose the ability to accept credit card payments at all.
The Payment Card Industry Data Security Standard (PCI DSS) was created to help merchants improve their information security. Now, any company that stores, processes, or transmits sensitive information is required to be PCI compliant.
At Braintree Payment Solutions we can help you with all your information security needs. We store your information on our Level 1 PCI compliant environment so you can continue to run your business safely and effectively.
Braintree Solutions
At Braintree we address the crucial components of PCI compliance that deal with information security by using:
- Transparent Redirect: Eliminate the need to handle any sensitive data on your own system. With our industry leading technology the customer never has to leave your site when they make a purchase. This provides security and convenience for them, and peace of mind for you.
- Remote Storage and Tokenization: To ensure your information security, we protect sensitive information with our SecureVault™ technology. A unique ID, called a token, is then generated and returned to the merchant. This token is used for any subsequent transactions and is the only information that needs to be stored on an internal system. This number is completely useless to criminals.
PCI Compliance
There are 12 requirements and more than 200 individual controls that must be addressed in order to become PCI compliant. While these controls were created to help develop information security they can be cumbersome and difficult to fully incorporate in-house.
Outsourcing your PCI compliance to Braintree, however, can have a number of benefits. Our flexible payment platform can be integrated with your existing applications, and your business can continue to run as usual. With Braintree you will have access to our experience and knowledge, and we can help you reach compliance in 30 to 60 days rather than the usual 6 to 18 months.
Remember, the cost of information security and compliance now will always be significantly less than the cost of a security breach down the road.
Learn More
If you'd like to learn more about information security and our payment platform solutions, or if you'd like to get started adding security and becoming PCI compliant, contact Braintree today.
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