CEO of Cashtronics Payment Gateway anticipates PCI-DSS Compliance for Internet Payment Service Providers Imminent across Europe

<h1>CEO of Cashtronics Payment Gateway anticipates PCI-DSS Compliance for Internet Payment Service Providers Imminent across Europe</h1>Author: <a title="Carla Arguelles" href="http://www.articlesbase.com/authors/carla-arguelles/200190.htm">Carla Arguelles</a> Since June 2008 in the United States all internet payment service providers (IPSPs) have been required to be PCI- DSS compliant. As data security, credit card fraud and identity theft are hot topics around the globe, it is without a doubt that Europe’s compliance standards will closely follow suite. In the very near future all European payment gateways will have to become PCI DSS certified, so ecommerce merchants who currently accept credit cards online or who are looking for a payment provider should make sure that they are PCI-DSS certified (LEVEL 1). PCI security standards were developed by the major credit card companies to provide the most comprehensive single framework to address all security, data integrity and privacy concerns associated with processing payments online. It is therefore critical for all IPSPs to become PCI compliant in order to protect merchants and their customers. Carl Buchalet, CEO of <a href="http://www.cashtronics.net/">Cashtronics payment system</a> explains « Our clients do not have to worry about the safety of their merchant accounts as they have the protection of our level 1 PCI-DSS certification which is the highest level of security in the industry. PCI DSS Level 1 is without exception the only acceptable authorisation standard for online payment gateway providers to operate legally with maximum security. » Asking a IPSPs the following questions could save a company from potentially serious problems: 1) Are they PSP PCI-DSS 1 certified? 2) Does each individual merchant receive a merchant account? 3) Does the merchant  sign a contract directly with the bank? 4) What will the descriptor say on the client’s credit card statement? (Will it be the company or the ISPS name- in which case they may be illegally aggregating merchants) Who is wiring  the funds, the IPSP or the bank?  (Whoever is handling the funds must be in good financial health)About the Author: Cashtronics is a leading European based online payment company. Specialized in processing payments for high turnover merchants through a secure (PCI compliant, Level 1), flexible and cost effective payment solution. Provides individual merchant accounts with highly competitive industry rates.Article Source: <a href="http://www.articlesbase.com/">ArticlesBase.com</a> - <a href="http://www.articlesbase.com/online-business-articles/ceo-of-cashtronics-payment-gateway-anticipates-pcidss-compliance-for-internet-payment-service-providers-imminent-across-europe-1082725.html" title="CEO of Cashtronics Payment Gateway anticipates PCI-DSS Compliance for Internet Payment Service Providers Imminent across Europe">CEO of Cashtronics Payment Gateway anticipates PCI-DSS Compliance for Internet Payment Service Providers Imminent across Europe</a>

Since June 2008 in the United States all internet payment service providers (IPSPs) have been required to be PCI- DSS compliant. As data security, credit card fraud and identity theft are hot topics around the globe, it is without a doubt that Europe’s compliance standards will closely follow suite. In the very near future all European payment gateways will have to become PCI DSS certified, so ecommerce merchants who currently accept credit cards online or who are looking for a payment provider should make sure that they are PCI-DSS certified (LEVEL 1).

PCI security standards were developed by the major credit card companies to provide the most comprehensive single framework to address all security, data integrity and privacy concerns associated with processing payments online. It is therefore critical for all IPSPs to become PCI compliant in order to protect merchants and their customers.

Carl Buchalet, CEO of Cashtronics payment system explains « Our clients do not have to worry about the safety of their merchant accounts as they have the protection of our level 1 PCI-DSS certification which is the highest level of security in the industry. PCI DSS Level 1 is without exception the only acceptable authorisation standard for online payment gateway providers to operate legally with maximum security. »

Asking a IPSPs the following questions could save a company from potentially serious problems:

1) Are they PSP PCI-DSS 1 certified?
2) Does each individual merchant receive a merchant account?
3) Does the merchant sign a contract directly with the bank?
4) What will the descriptor say on the client’s credit card statement? (Will it be the company or the ISPS name- in which case they may be illegally aggregating merchants)
Who is wiring the funds, the IPSP or the bank? (Whoever is handling the funds must be in good financial health)

Cashtronics is a leading European based online payment company. Specialized in processing payments for high turnover merchants through a secure (PCI compliant, Level 1), flexible and cost effective payment solution. Provides individual merchant accounts with highly competitive industry rates.

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Article Tags: Merchant Account, Payment Terminal, Credit Card Merchant Account, Payment Gateway, Online Credit Card Processing, Virtual Terminal

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Related Q&A

1. Alvaro (01:32, 31.07.2009)

Cashtronics is another illegal ISPS, please Carla stop talking trash trought internet

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