Small businesses are prime targets for sophisticated, relentless cybercriminals, because they are seen as easier targets. A Visa analysis has found that small merchants accounted for more than 80 percent of data security breaches. And every compromised record can cost your business more than $200, exposing you to liability for chargebacks, legal issues and fines from banks or regulators and robbing you of your customers' trust.
The challenge is to find an easy-to-implement and cost-effective solution that improves security at every transaction stage-for you and your customers-while it provides the added benefit of simplifying your compliance with the Payment Card Industry Data Security Standard (PCI DSS).
The First Data® TransArmor™ solution, developed in partnership with RSA, a global leader in information security, is an easy-to-implement, service-based solution that encrypts sensitive cardholder data and then removes it from your environment, protecting your customers' sensitive information and limiting your liability.
The solution protects vulnerable data in transit with state-of-the-art encryption and removes the need for you to store card data by replacing it with a randomly generated number, called a token, which can be used for other business processes, such as returns, chargebacks, recurring payments, sales reports, analytics or marketing programs. However, the token cannot be used by an unauthorized party to conduct a fraudulent transaction.