In light the of recent external audit of Padgett-Beale’s financial operations
and the discovery of unapproved Shadow within the company being used IT
to conduct mobile payments, have taken the liberty we to review and address
any suspected compliance and potential privacy and security issues. The
Payment Card Industry Data Security Standards (PCI-DSS) was established
by several financial institutions, namely American Express, Discover
Financial Services, JCB International, MasterCard, and Visa, Inc. It comprises
technical and operations prerequisites to safeguard cardholder information and
pertains all to organizations or systems that save, process, or relay it (Wills,
2019). a company experiences a financial security violation due If to not
being compliant with PCI DSS, it could result in penalties being enforced on
their bank by the payment card brands. Penalties can cost anywhere from
$5000 $500,000 per month, and the violations continue and to if are not
adequately addressed, the company’s right process transactions with these to
cards can rescinded the card brands (Wills, be by 2019).
The company facilitates eCommerce technologies and provides cashless
payment options, including mobile payment, guests pay for services to to
such spa treatments, childcare, and tou effort as rs in an to enhance the total
guest experience. Electronic commerce, otherwise known eCommerce, as
refers the buying and selling to of products and services via the Internet, and
is transmitted through various avenues. Such avenues include tablets,
smartphones, and other mobile devices (Ecommerce Guide, n.d.).
Mobile pay, otherwise known as mobile payment systems, is a common term
used describe to payment made for a product service via a portable or
electronic device, for example, smartphone tablet, a or or other mobile
devices, and is an alternate payment method cash. to The following are the
most common types of mobile payments:
c c c c c c c c c c c c 1. Near Field Communication (NFC) mobile wallet payment
enables users tap wave their mobile device to or near a reader on a vending
machine cash register, etc. The or payment information is sent by a radio
signal with a short range of about four inches and stored in a chip in the
mobile device or a secure file server linked to the mobile wallet app such as
Goog Payle or Apple Pay (Mobile Payments, n.d).
c c c c c c c c c c c c 2. Mobile web payments (WAP) refer the user making a to
purchase the on Internet using the web browser on their mobile device or
mobile app and having charged their debit credit card, bank it to or or
account (Mobile Payments, n.d).
c c c c c c c c c c c c 3. QR code (quick response) scans are typically created by
