Compliance

Compliance and data security are top priorities for companies handling sensitive customer data such as credit card numbers, account details, and usage data. Specifically, payment data is regulated by PCI DSS, which are no longer optional for merchants storing card numbers to provide recurring billing or one-click repurchases. Visa & MasterCard have imposed far-reaching compliance requirements with tight deadlines.

While the burden is large, the downside for non-compliance is even worse. A recent study by Ponemon Institute found the average cost of a data breach was $202 per compromised customer and the smallest data breach in 2009 cost over $600,000. The largest breach cost over $32 million and affected less than 100,000 customer accounts.

Vindicia’s infrastructure has maintained PCI DSS Level 1 Services Provider certification since 2004, so you can feel confident that your customer data is safe. Additionally, we use strong encryption protocols certified to FIPS 140-2 and are SAS 70 Type II audited to ease Sarbanes-Oxley compliance for our merchants.

However, data security is much more than just compliance with third-party standards. It is a mindset that requires constant attention and validation. Each and every employee at Vindicia embraces this approach to ensure that all customer data is guarded in every possible manner.

CashBox helps merchants ease or fully eliminate their PCI DSS compliance burdens by providing an on-demand billing infrastructure with secure encryption and tokenization at the core. Merchants can choose to minimize the compliance burden with our flexible API integration or completely offload compliance headaches with Hosted Order Automation (HOA). In either case, merchants implement a solution with virtually no restrictions or intrusions on the customer experience.

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• Click here to learn more about Hosted Order Automation