The Caribbean Credit Card Corporation Ltd.

The Caribbean Credit Card Corporation Ltd. The Caribbean Credit Card Corporation Ltd. - Start

Added : 2018-11-09 Views :11K

Download Presentation

The Caribbean Credit Card Corporation Ltd.

Download Presentation - The PPT/PDF document "The Caribbean Credit Card Corporation Lt..." is the property of its rightful owner. Permission is granted to download and print the materials on this web site for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.

Presentations text content in The Caribbean Credit Card Corporation Ltd.


The Caribbean Credit Card Corporation Ltd.

National Bank of Dominica Ltd. 2011 Merchant Seminar




Fraud & Compliance



16, 2011.


Legal Disclosure

These materials are provided for informational purposes only and should not be relied upon for marketing, legal, regulatory or other advice. You should independently evaluate all content and recommendations in light of your specific business needs, operations and policies as well as any applicable laws and regulations. Caribbean Credit Card Corporation Ltd. is not responsible for your use of these materials, including errors of any kind, or any assumptions or conclusions you might draw from their use.

Use of the following information is the sole and exclusive responsibility of the user.


Payment Card Industry Data Security Standard (PCI DSS)

A brief review of the Payment Card Data Security Standards Requirements and Relevance


What is PCI DSS?

PCI DSS is:A set of requirements established by the Payment Card Industry Security Standards Council (PCI SSC) to protect cardholder data.

The founders of the PCI SSC:

Visa Inc., MasterCard Worldwide, American Express, Discover Financial Services and JCB International


What is PCI DSS?

There are six (6) main goals and twelve (12) basic requirements of the PCI DSS.


Is PCI DSS relevant to me?

Compliance with the PCI data security standards is mandatory for

ALL entities that store, process or transmit cardholder data.This includes merchants, acquirers, processors and other participants in the industry.


Why Comply?

Benefits of compliance:Helps to create a secure environment for customers

Increased customer confidenceGreater Market Leverage


Why Comply?

Consequences of non-compliance:

Fines and penaltiesTermination of ability to accept payment cardsLost confidence, so customers go to other merchantsLost sales

Cost of reissuing new payment cards

Legal costs, settlements and judgments

Fraud losses

Higher subsequent costs of compliance

Going out of business


What do I need to protect?

PCI DSS Quick Reference Guide

Understanding the Payment Card Industry Data Security Standard version 2.0, October 2010


What do I need to protect?

PCI DSS Quick Reference Guide

Understanding the Payment Card Industry Data Security Standard version 2.0, October 2010


What do I need to protect?

Points from which cardholder data can be stolen:Compromised card reader

Paper stored in a filing cabinetData in a payment system databaseHidden camera recording entry of authentication dataSecret tap into your store’s wireless or wired network


PCI DSS: An Ongoing Process

Assess – take an inventory of IT systems and business processes to identify cardholder data and determine vulnerabilities.

Remediate – fix vulnerabilities; don’t store card data unless needed.*Report – submit compliance reports to your bank.


Common Myths of PCI DSS

Myth 5 – PCI DSS is unreasonable; it requires too much

Myth 7 – We don’t take enough credit cards to be compliantPCI DSS compliance is required for any business that accepts payment cards – even if the quantity of transactions is just one.

Myth 8

– We completed a SAQ so we’re compliant




About DocSlides
DocSlides allows users to easily upload and share presentations, PDF documents, and images.Share your documents with the world , watch,share and upload any time you want. How can you benefit from using DocSlides? DocSlides consists documents from individuals and organizations on topics ranging from technology and business to travel, health, and education. Find and search for what interests you, and learn from people and more. You can also download DocSlides to read or reference later.