- High level steps in payment processing
- The entities involved with payment processing
- Differences between magnetic swipes and chip readers
- The risks of taking payments online
- How chip cards have increased online fraud
- What are the PCI standards?
- How tokens reduce the risk for lost cards
Skill Level Beginner
- Credit card data theft is not only an inconvenience for customers, but can also have severe financial consequences for merchants and banks alike. Fraudulent losses, chargebacks, and card reissuance costs add up to hundreds of millions of dollars per year. Securing credit card data isn't an option. It's required as part of doing business, as well as being the right thing to do for your customers. In this course, I'm going to cover the difference between online and in-store payments, the various entities involved in the credit card payment cycle, the areas where card data is most vulnerable, the impact of EMV chip cards, the different ways organizations have to report PCI compliance, and how companies can minimize risk to their customers' data and start down the path of meeting all the PCI requirements. My name is Laura Louthan and I have been working IT and security for 20 years, with the last eight years spent exclusively in the information security arena. One of my main areas of expertise is in PCI compliance, particularly for merchants and financial service organizations. So join me in my LinkedIn Learning course about secure payments and PCI.