…to keep your transactions safe…
Idea Factory US’s PCI DSS services are geared for meeting any organization’s PCI DSS compliance needs. From PCI DSS Readiness Assessments to the issuance of the PCI Report on Compliance, along with a proven roadmap to compliance, Idea Factory US will get you where you need to be. If you are searching for PCI DSS services that are efficient, scalable, and effective, developed by highly skilled technology and regulatory compliance experts, then look to Idea Factory US.
Available PCI Services:
Why you need a PCI DSS Readiness Assessment
Why start with a PCI DSS Readiness Assessment? Because of the complexities and efforts required in meeting PCI DSS compliance, companies would benefit from a PCI DSS Readiness Assessment.
Idea Factory US’s self-guided questionnaires will prepare your company for compliance. The readiness assessment is a must for helping understand scope, deficiencies within your existing security infrastructure, while helping lay the groundwork for successful compliance with the PCI DSS framework.
The readiness assessments are conducted off-site and self-guided questionnaires can be completed on your own time. Ensuring a successful assessment for all your PCI needs requires a well structured process, beginning with a PCI DSS Readiness Assessment.
PCI DSS Assessments & Reporting
The PCI DSS Assessments reporting is the culmination of activities allowing an approved Qualified Security Assessor (QSA) to assist in preparing and/or issuing the required documentation as demanded by the major payment brands. The most commonly used term is the Report on Compliance (ROC). The ROC is what’s demanded by Visa for reporting requirements for Service Providers and Merchants.
Other major payment brands also have requirements:
Misinterpretation of the PCI-DSS and PCI compliance requirements can subject companies to large fines and revocation of payment card privileges. PCI-QSA certified companies can assist with PCI-QSA assessment and consulting services.
Available Anti Fraud Services:
Successful Implementation of Fraud Scrubbing
Fraud Scrubbing is a rule-set based fraud management utility that allows merchants to configure extensive filters to help them in detecting fraud and screening suspicious transactions. Our extensive reporting system gives merchants a quick and easy way to review transactions, block suspicious activity, and zero in on malicious users. It’s a vital part of our merchant account processing services.
This service looks at transactions both before and after processing and can decline transactions before and after authorization. The successful implementation and reduction in chargebacks across numerous merchants has been a testament to the effectiveness of this product.
Easy-to-Use Management Tools
Our web-based management tools give merchants quick and user-friendly control over their online fraud security system. The control panel allows merchants to maintain their own good and bad customer list, edit filters, restrict access by banning IPs, and set up and maintain filter controls. For example: Possible filtering criteria include but are not limited to IP Address, Email Address, Transaction Count, Dollar Amount, IP Velocity check, Dollar Velocity check, Country, US/Non-US IP Ban, and much more.
Complete Protection
Properly set fraud filters and manual verification process eliminate the majority of fraudulent transactions in real time. The selected filters can be customized for each merchant, which are continuously updated to keep the merchant one step ahead of the fraudsters.
Mapping out PCI DSS Compliance for your Organization:
PCI DSS Compliance is not an overnight process; rather, it’s the collaboration of numerous initiatives undertaken by various personnel within your organization, all working towards a common goal. In short, it can sometimes be a monumental effort needed by all for ensuring PCI DSS compliance is ultimately successful. So, where do you begin, what’s needed of you and your organization, and where do you find the tools and resources for undertaking PCI DSS compliance?
Outlined are key activities, deliverables, and milestones for ensuring your organization is on the right path for PCI DSS compliance.
- Phase I: PCI DSS Readiness Assessment
- Phase II: Remediation & Implementation for PCI DSS
- Phase III: Assessment & Reporting for PCI DSS
Phase I: PCI DSS Readiness Assessment
If your organization is new to PCI DSS compliance, then it’s wise to begin the process with a Readiness Assessment which helps pave the way toward successful compliance by undertaking the following activities:
- In-depth scoping analysis as it related to the PCI DSS criteria and its 12 core areas.
- Review and analysis of current policies, procedures, and initiatives throughout the organization for meeting PCI DSS compliance.
- Analysis of debit/credit (i.e., payment) Card “Transaction Environment”
- Analysis of hardware/software systems, components and all other related application and network layer devices.
- Identifying and analyzing all significant third party outsourcers and managed service providers used by your organization.
- Internal assessment of available personnel within your organization.
- Cursory, initial walk-through of all 12 core PCI DSS standards necessary for meeting compliance.
Phase II: Remediation & Implementation for PCI DSS
Immediately after the completion of a PCI DSS Readiness Assessment, it’s critical that organizations take corrective action on any deficiencies or weaknesses found that may serve as a roadblock for successful PCI DSS compliance. Generally, one of the areas of concern is that of documented policies and procedures. While most organizations are very good at what they do, they simply lacking many of these much needed policies and procedures that are so vital to PCI DSS compliance. Thus, the development of a companywide “Corporate Security Policy & Procedure” Handbook for helping meet the demands as set forth for PCI DSS compliance is essential. NDB Advisory can assist in helping developing these documents, creating highly customized policies and procedures for your company.
In addition to the policies and procedures, additional recommendations may be given on any number of topics or issues regarding PCI DSS compliance, such as adding, removing and modifying application and network layer devices, enforcing additional security procedures, or a host of other requirements. And because each entity has different needs and requirements that are based on a number of parameters, it’s more proof of why a Phase I PCI DSS Readiness Assessment is considered crucial.
In short, the remediation and implementation phase is a vital element for ensuring your organization meets the rigorous demands set forth for PCI DSS compliance.
Phase III: Assessment & Reporting for PCI DSS
The actual PCI DSS assessment is not a standalone process that starts from scratch, rather, it is collection of efforts continued over from the Readiness Assessment and the implementation phases. All the time and effort put into Phases I and II have prepared your organization for the assessment and all testing and validation activities that accompany it. Upon completion of the PCI DSS assessment, there are a host of reporting and deliverable requirements necessary for final confirmation of successful PCI DSS compliance. Reporting and submittal of compliance can become complex, as there are a number of different protocols to follow. Your PCI DSS Qualified Security Assessor (QSA) will help assist and guide you on these administrative matters.
