What is the #1 fear that could plague the post modern eCommerce company? Data breaches! Yes, this can be prove to be devastating for an online company’s revenues, reputation, as well as financial health. The loss could cause several millions and a mass decline in profits for the target company. Hence, all merchants including those on the Magento Platform need to understand that the business risks of security breaches are now too great to ignore.
Hence, as merchants, it becomes your obligation to maintain a secure environment for processing, storing, or even transmitting your customer’s credit card data. These requirements are now outlined by the Payment Card Industry Data Security Standard (PA-DSS). Hence, following these requirements will ensure that your customers can have confidence and they are protected against the risk of data breaches. Magento’s Secure Payment Bridge is an easy and cost saving solution for those on the Magento Platform to remain PCI compliant.
This application, which comes separate from the Magento Enterprise Platform, is now updated and is capable of working with the Magento Enterprise Edition 1.1.3.1.0, 1.14.0.0, and 1.14.1.0. It includes the following improvements:
Hence, merchants who are on the Magento Enterprise Edition 1.13.1.0, 1.14.0.0, or 1.14.1.0, and are experiencing any of the issues that have been mentioned above, need to upgrade to Magento Secure Payment Bridge 1.11.31.1 as early as possible.
At the moment, there are a few options that you can choose in order to achieve PCI compliance on Magento. However, it may require some changes on how credit card processing is handled. Merchants may note that the Payment Bridge is currently now available for the community edition, but there are several options available for achieving PCI compliance on Magento as below:
To conclude, you can also visit Magento’s website at http://magento.com/resources/pci to understand Magento’s secure payment bridge in detail.
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Minal Joshi is a content marketer at Krish with a flair for eCommerce and Digital Commerce aspects. She is a MarTech fanatic with a knack of writing with which, she helps brands to curate, create, & commence digital brand positioning. Sharing insights via articles, case studies, eBooks, Infographics, and other forms of content creation is what she lives for. Being an ardent traveler, when not writing, you'll find her sipping coffee into the mountains or petting a stray.
7 October, 2022 The Holiday season is one of the busiest shopping seasons throughout the year. In 2021, the months of October and November witnessed a jump of 11% YoY and accounted for $211.41 billion in online retail. From Black Friday to Cyber Monday and Halloween to New Year, these two months are a gold mine for online retailers if all falls in place as per plans.
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