Credit Card Storage
At the end of 2015, the Banking Regulation and Supervision Agency (BRSA) published a communiqué entitled "Statement on Management of Information Systems Used in Banking and Loan Proceedings". This communicated reorganizes the procedures and principles regarding the management of the information systems used within the scope of bank and credit card transactions. Organizations establishing card systems, issuing cards, member merchant agreements, member merchants and external service providers are included in this communicated. With this notice, serious restrictions and obligations are imposed on the use of cards in all member business places receiving bank debit card and / or bank credit card transactions. In particular, the following sectors receiving payment by mail order method are expected to be affected more.
- Travel agencies,
- Insurance companies,
- Tourism companies and hotels,
- Associations and foundations,
- Online clothing and footwear stores,
- Sports clubs.
What do you need to do?
There are "mail order" transactions carried out through cardholder's signature confirmation and a filled form between the notification that the member businesses can not keep the sensitive card data with old methods and / or the application which will be confused with the old ones and the regular payments realized by storing the card information are highlighted. Member businesses that can not store sensitive card information have two options in front of the new period:
Establish "in-house" Virtual POS systems that meet the technical requirements stated in the first option communicated and provide online payment via internet. Creating an infrastructure that enables Quick Virtual POS transactions and the ability to deposit high-security credit cards means a very serious investment cost for member businesses, as well as repetitive operational expenses each year.
The other option in front of member businesses is to get service from an external service provider that provides this infrastructure in the PCI DSS framework. Payfull will help you make your transaction as fast and secure as your solution partner.