Online Payment Form Security Alert

Is your online payment form out of date and a security risk? Securing online payment forms requires an annual review at a minimum. Just because a hosted paypage form still works, doesn’t mean it’s secure or PCI Compliant.

PCI Compliance requirements have steadily tightened since 2014 for pay pages and all ecommerce transactions.

Hosted paypage options:

  1. Merchant hosts the form and collects payment on their web site. Beginning with PCI 3.0, significant additional PCI burden applies. Highest risk.
  2. 3rd party payment gateway hosted pay page; Provide a link directly to customers to pay. The form is served by and submitted by the payment gateway. It significantly reduces the potential for malicious activity that could compromise cardholder data. Lowest risk.
  3. An iframe hosted paypage has the appearance of residing on the merchant web site, but the payment data is captured by the 3rd party directly on their web host. The implementation method using iframes for payments has changed over the years to meet current PCI Compliance requirements, including to combat malicious javascript and Cross-Site Scripting threats.

“If your iframe hosted paypage hasn’t been updated in the last year or so it’s likely not PCI Compliant,” Christine Speedy, Card Not Present Expert.

A payment gateway is a secure transaction engine that facilitates the transfer of sensitive information to the processor, and is required for all online payment forms. Some gateways provide online payment forms at no additional charge. Vendor selection has a significant impact on risk mitigation, payment processing fees, efficiency, and PCI Compliance burden.

A payment gateway can be proprietary to a specific processor, or agnostic and compatible with multiple processors. While one provider for both services may seem to be the best choice, there are significant reasons the opposite may also be true, including risk mitigation. Bots present a significant risk of exploitation of online payment forms and may result in profit loss if additional steps are not implemented to mitigate risk of ‘card testing’, where criminals use online forms to submit fake transactions to determine if cards are good or bad. Every attempted transaction has an associated cost with it, and adding in chargeback fees from resulting  disputes, the result could be tens of thousands in dollars in fees in a matter of hours.

If you don’t want to be the next law firm, CPA firm, hotel or distributor data breach headline, consult with a payments expert that understands the financial and risk ramifications of one payment gateway choice and implementation method over another vs ecommerce consultants or bankers that may have limited in-depth expertise to maximize your profits and mitigate risk exposure.

TIP FOR NON-TECHS: Does your online payment form look good on smart phones and other mobile devices? If not, there’s a pretty good chance your online payment page needs an update and is not PCI Compliant.

RESOURCES:

  • PCI – Payment Card Industry Data Security Standards
  • https://www.us-cert.gov/publications/securing-your-web-browser
  • http://pcisecuritystandards.org

For PCI compliant solutions to collect online payments from your customers, contact Christine Speedy today. Get paid via your preferred methods, including ACH, credit card, wire and Paypal, while increasing security and convenience.

Authorize.net Duplicate Transaction Settlement Error

Authorize.Net experienced an issue during a system update on October 17th that caused a subset of previously settled transactions from September to be sent for settlement again between October 17th and 18th. This issue is no longer occurring.

Authorize.Net is currently working to address any duplicate transactions in order to resolve the duplicate funding to merchants and potential duplicate transactions to their customers. We have already contacted your affected merchants and will continue to do so as we have updates.

If your merchants contact you about this issue, please advise them to NOT take any action on these transactions while we work to address them.

We will follow up with you with any further information, including information on potential reimbursements, as it becomes available.

To locate these transactions, please have your merchants follow these steps:
Log into the Merchant Interface at https://account.authorize.net/.
Click Search from the main toolbar.
Click Search by Batch from the menu on the left.
Select October 18 and October 17 in the From and To drop-down boxes in the Settlement Date section.
Click Search.
Any impacted transactions will have a Submit Date from September 20-25.

We apologize for this error and any inconvenience it may have caused. If you have any questions regarding this email, please contact support.

Sincerely,
Authorize.Net

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Blogger Note: While uncommon, duplicate transaction and duplicate settlement issues do happen. They can emanate from anywhere in the transaction chain, though the payment gateway, or payment processor are likely more common causes. Because of that, merchants are advised to do nothing and the party that caused the problem usually reverses all the errors on behalf of merchants, typically within a day or two.

Dynamics AX ERP Customer Payment File Import

To apply payments received from customers to matching invoices is easy with our Microsoft Dynamics AX 2012 payment processing module, no customization required. Automating payment processing, including journal entries, is essential to maximizing efficiency and accuracy. Other solutions usually only address part of the payment acceptance cycle; now with one module, revenue from all sales channels are processed and matched to your invoices.

PAYMENT TYPES: Accept cash, credit card, wire, Paypal, ACH, Remote Deposit Capture.

SALES CHANNELS: Ecommerce, Retail (US and Canada EMV), Electronic Bill Presentment and Payment (EBPP or EIPP), Lockbox and others.

While using a lockbox service is an option, is it necessary? With integrated EBPP, your clients can view and pay multiple invoices electronically with your preferred payment methods. A key to EBPP adoption is reducing friction, and with the capability for recurring customers to pay via text or email in just 2 clicks is powerful enough to drive high adoption and fast payments almost immediately. If you do receive payments in the mail, Remote Deposit Capture and batch upload capability are available.

Collections are automated on your schedule; many solutions are limited in this respect, increasing DSO due to “first of month” statement delivery or other limitations. For those customers that run into credit issues, users can set up an automated collections schedule- any amount, any dates.

Looking for Dynamics AX solutions to improve your accounts receivable and overall treasury management? Contact us today.

 

 

Oracle Micros Data Breach

Micros, a hugely popular restaurant and hospitality is the subject of a major data breach investigation. On Monday, 8 August 2016, Oracle Security informed Oracle MICROS customers that it had detected malicious code in certain legacy MICROS systems. Oracle is currently investigating the compromise.

Micros is used by many of the large hotel brands as well as restaurants. Over the last year, many in the hospitality industry have announced data breaches, though a link between the two has not been announced.

RESOURCES

Visa Compromise Notification (Micros)

Data Breach At Oracle’s MICROS Point-of-Sale Division (krebsonsecurity.com)