Categories: finance

A Closer Look at PCI DSS Compliance Part II

In the first part of this article, we looked at the 6 control objectives and the 12 requirements of the PCI DSS guidelines. In the second part, we will delve upon the different PCI compliance levels, the validation requirements and the risks of not maintaining PCI compliance.

Today, all credit card brands use the Payment Card Industry Data Security Standard (PCI DSS) and hence all the merchants, irrespective of whether big or small, are required to follow the security measures and the auditing procedures specified in PCI DSS. Though the security measures are same for all types of merchants, the auditing procedures vary depending on the number and type of transactions the merchant processes in a year. Hence, there are different PCI compliance levels or merchant categories.

PCI Compliance Levels

There are four levels or categories of PCI compliance namely:

Level 1

Merchants who process more than 6 million credit card transactions per year belong to this category. It includes those merchants as well identified by any card company as Level 1. Even those merchants who have suffered an attack leading to account data compromise belong to this category.

Level 2

Level 2 comprises of those merchants who process 1 million to 6 million credit card transactions per year.

Level 3

It includes those merchants who process anywhere between 20,000 and 1 million eCommerce transactions each year.

Level 4

Those merchants who process less than 20,000 eCommerce transactions and up to 1 million credit card transactions per year belong to this category.

PCI Validation Requirements

The validation requirements vary depending upon the level to which the merchants belong. As per the validation requirements, an independent security assessor must perform annual on-site security audit while a qualified independent scan vendor must do quarterly network security scans. In the case of audits, internal audit will do if and only if signed by an officer of the company.

1. Level 1 merchant must undergo annual on-site security audit and perform quarterly network security scans.

2. Level 2 and Level 3 merchants must complete an annual PCI Self-Assessment questionnaire and perform quarterly network security scans.

3. Level 4 merchants must complete an annual PCI Self-Assessment questionnaire. In addition,they are recommended to perform quarterly network security scans.

PCI Non-Compliance

Since credit card fraud is a multi-billion dollar industry, non-compliance with PCI guidelines are strictly dealt with. Penalties include fines and account termination. The card associations punish the non-compliant merchant directly or indirectly. The card associations fine the acquirer under which the merchant processes transactions, who then passes the fine on to the merchant. Moreover, those merchants whose accounts have been terminated would find it difficult to get a new account, as their names would be put on MATCH, a blacklist in the credit card processing industry.

As we come to the end of the second and final part of this article, we understand that achieving PCI compliance is not as easy as it sounds,since PCI DSS comprises of 200-plus sub policies, procedures and technical nuances. Hence, what is needed is an effective PCI compliance and vulnerability management solution that helps small, medium and large businesses to be PCI DSS compliant.

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Categories: management

Payday Loans The Objective Of Proffering Low Cost Loan

With payday loans it always a new day, a new theory. These loans have been in abundant of controversies and hence it seems a way hard to understand what exactly the call would end up at. It is therefore suggested to be a wee bit vigilant in just picking up the reliable and renowned association after a good hunt through internet. There are various associations that offer loans with low rates but not all talk or demonstrate the hidden charges on the loan fee. It is purposeful to be in the headline. The finance summation you are supposed to borrow should be adequate enough as per your need. Do check the rates attached along with it that are to be offered. The rates of interests are already high so one needs to just look at the wee plan.

You need to opt for the lower rates as much as you can, so that at the time of repayment you do not have to fell dreadful. The rates are high in many states but in few states you may grab the logical loan rates as well. Now the concern is that if you do not pay off the loan sum back on time on in full, you are supposed to be in a slaughtering position. Yes, with payday loans it is the deal. You will have to reimburse off additional charges along with the loan sum that you borrowed. It is quite comparatively and collectively difficult for many individuals to actual go through such a trauma. Hence the opinion to always look for low rates works here. You may not fall in any sort of cash tarp once you have done a wee bit of delve related to these quick payday loans. The computation you are allowed to borrow ranges from $100 to about $1,500.

The sum may vary from state to state in the USA. Some of the states offer up to $1000 only. So a diminutive research may work effectively according to the state you dwell in. Payday loans are purposeful loans of all time. The summation you are in dire need of can be handled with care. You just need to look forward to fetch the computation handy and employ it wherever necessary. The repayment slot is short. It is of about 2 to 4 week. If you aren’t capable of earning at least $1000 on monthly basis, in that case these advance grants are not suitable for you. You need to be proficient enough to recompense the loan sum back in full. The rates differ however commencing from $25 to $30 on a $100 loan. If someway an individual fails to compensate the sum on time, he/she may negotiate with the payday lender.

Categories: financial partner

Mechanism Against Bad Credit Payday Lending Process

Pay day loans are instant cash financing scheme with minimum hassle and paper formalities. Bad credit pay day loans are kind of cash loans available with speed of time, but then this loan comes with a promise to maintain the regularity in making the payment.

The liquidity crunch forces the borrowers in need of cash at the time of emergency situations when the other sources deny giving you cash then the bad credit personal loans are the last resort for getting immediate cash.

Future is uncertain and we never know that what will happen and when? So, we should always get our self ready for proactive contingency plan. It is always prudent advice to save a percentage of owns income as saving. It is always advisable by a financial consultant that as a good saving technique, one should have a practice to save at least 25% or 1/4th of income as savings. Savings are the buffer arrangements for the emergency situation to handle but the amount of cash that calls for an emergency is never known. It may happen with someone that one very day he met with an accident, and a major surgery has to be made in order to save the life of the individual, then the person savings which were in terms of FD’s and bonds were prematurely withdrawn, but still if the amount is not sufficient to meet the operation fees, and even the medical insurance could not cover the operation charges, then the last resort is to take loan. And traditional bank will not provide loans so fast. It is then the pay day loan which is the last chance to get immediate finance so fast.

Online lenders for pay day loans is available in abundance now a days where the borrowers gets the advantage to select their lenders according to their flexibility, and terms of borrowing. There are loan quotes posted by different lenders, where from the borrower can choose any one among the many in numbers, then apply for loan, if the lender finds your details are true in value, then confirming your identity and location authenticity, they will themselves contact you and then after negotiating the price you can apply for the loan at lowest price. The reason you get an edge in negotiating the rate of interest on such loan is due to the reason that there are perfect competition playing in the market of online lenders.

These pay day loans work as a signature loan where the borrower will be just filing an e-application form, make a signature as an acceptance against the loan and gets the amount of cash immediately in his /her active bank account.

Categories: finance

Main Features And Benefits of Over 50 Insurance

Insurance for people over 50, commonly known as over 50 insurance is a cover for senior citizens between 50 to 80 years of age that provides them an assurance to be taken care of well by their relations as the major beneficiaries of such life insurance are the close relations. Over 50s insurance is normally a life insurance that pays out a lump sum when the insured person dies, irrespective of the age at which he or she dies.

Features and Benefits

Although the insured person is not the direct beneficiary of the insurance as the benefit goes to the immediate surviving relative after the death of the insured person, he or she gets the indirect benefit such as those who expect to gain from insurance claim will take care of him or her well during his or her life. The lump sum paid out at the death of the insured person can be used for many purposes, for example, to cover the cost of funeral, to gift to a relative, to pay off the debts, or to provide financial support to the spouse during the traumatic period.

The ease of the process of taking over 50s insurance makes it very easy and quick to arrange. The insurance proposal form is very simple to fill as it only requires your full name, date of birth, address, gender, and the amount you can pay each month or the amount of life cover you want to be paid out at death, whether you are a smoker or not, your bank account details, the date of commencement of policy, and the dates when you wish premium to be debited to your bank account.

The major advantage of such scheme is that if you have medical as part of the insurance, you may get the benefit for the pre-existing medical conditions too, which often prevent you from taking any other type of insurance. The premium can be as low as 4, depending upon the value that you can maintain. The insurance premium is payable from the date of start of the insurance plan until the maximum age of 90 years or until you die, whichever comes earlier. So, even if you have stopped paying the premium at 90 and died at 95, the lump sum will still be paid out to surviving immediate relation.

In case of natural death during first 12 or 24 months (depending upon the policy of the company the insurance plan is taken from), the premium will be refunded only, but in case of unnatural death, such as due to an accident, the sum assured will be paid off at the time of death even if it occurs within 12 to 24 months. After 12 to 24 months, in case of natural death, sum assured will be paid and in case of accidental death, twice of the sum assured will be paid. However, if you stop paying the premiums, and the policy is cancelled, the paid amount will be confiscated. In the event of death of policy holder of a cancelled policy, the company may pay the amount less than the total premium paid.

A life insurance for over 50 is a different undertaking than that for those in their 20s and 30s. It is generally considered to be more expensive than that taken in earlier age due to increase risk of being paid out earlier, the monthly premium varies from company to company. Hence, if you are planning to take an over 50s insurance, do obtain quotes from more than just a few companies and opt for the best in terms of low premium and higher returns, plus easy terms and conditions.

Categories: management

Finding the Damage of Poor Investment Plans

The income a person generates is often not enough to support their current financial needs in addition to supporting their future requirements. This is why there is such a high level of importance placed on the demands of finding quality investment plans. When you are considering the opportunity of investment, make sure you avoid the damage associated with poor investment planning.

Market Fluctuations

One of the most common displays of damage seen with making poor investment plans is found with not accounting for market fluctuations. Investors who look to invest in markets like stocks, commodities or foreign currencies have a tendency of blindly investing or taking the advice of some other person. This is highly risky since research is often the largest component of finding success in any of these markets. Market fluctuations cause markets to rise and fall and when you cannot predict these increases and decreases of value it will result in a significant loss to your financial savings.


Another potential area of damage which can be discovered from poor investment plans exists from the risks of penalties. Many individuals understand the amount of money they are placing into an investment and the risks related to these investments. What is overlooked are the many fees or penalties which slowly eat away at your savings. If you have a monthly fee associated with your savings account it can easily eclipse any profit you accumulate from interest. If you need to access your money earlier than expected there can be penalties so steep you lose money from your initial investment. Ignoring fees and penalties can be an extreme mistake since it directly hinders your ability to profit from your investment.

A Lack of Real Growth

The third risk of damage you can be exposing yourself to with poor investment plans are identified from a lack of real financial growth. For many, investing represents a tug of war between them and the market of their choice where increases and decreases in value all work to help you gain a small profit. While you may celebrate your profitable victory, the small margin of

success may not be equivalent to the time dedicated. Even the use of professionals provides you with no guarantees for finding real growth.

The use of investment plans can be highly beneficial to your current and future financial standing. However, when you make the mistake of selecting poor investment planning it will only cause you grief as you lose money on your investments. Expand your opportunities of success by finding an investment option that offers you growth and a steady income stream. Learn more on this opportunity of wealth creation to improve your financial standing by going to .

Categories: financial partner

Be Benefited While Refinancing Maryland Virginia

People wanted to have a comfortable living away from worries brought particularly by loans, mortgages and poor credits. Being caught in this situation can be truly terrifying and causes hardship. With the advent of refinancing, an individual can no longer suffer from high payments of interest rates. Why one should refinance? On recent years, many individuals found it remarkably advantageous and benefit to refinance. There are cogent reasons why an individual settle to this. Apart from achieving benefits in reconstructing your older loan to a new one with better terms, anyone will be able to avail low interest rate which is a pleasant relief on your part. This process thus allows anyone for a reduced interest rates resulting to a lower payment or either to consolidate your other debts into one new loan. Consolidating of loans in a single account is highly convenient than having several loans to worry. People tremendously take this advantage to payoff their loans in a shorter period. When done in a short term basis can highly save an individual from the burdens of higher interest costs over the whole duration of the loan. Refinancing on one hand will vary depending from one state to another.

In the previous years, people in various states like Maryland and Virginia find it to be difficult to handle mortgages. However, lender nowadays got a better solution to solve the hassle brought by mortgages and loans. This has become essential to residents in the area by paying their previous loans consolidated in a new loan with lower interest rates. The lower the interest will lower the expenditure thus resulting to bigger savings every month. There are greater options in looking for a better Refinance Maryland or Refinance Virginia offering lower interest rates at a faction of time. In choosing for better options, one has to be careful in decision making what refinance company to prefer. It is always a better option to consult your financial expert. These professionals are knowledgeable in giving advice and guide for an ultimate refinancing need which is appropriate. Paying less on interest rates or lowered monthly amortization of your loan can highly win back money in your pocket.

It is necessary to check the terms and agreements offered by several lenders before engaging in any refinance. Be keen enough to weigh things on whether this process can be of help in alleviating problems on mortgages and loans. For this to make sense, it is necessary to examine the credit history to be qualified in refinancing. Lenders are particular with credit score before considering an applicant in a refinancing process. If delayed or late payments made for a year already can lower your credit sore, thus disqualify an applicant in the process. By gaining a shorter term in new loan through refinancing thus create comfort in a person’s scheduled expenditure. In order to resolve the issue that buries anyone on the heights of loans and mortgages, refinancing will be of help. Anywhere in Maryland or Virginia are various reliable lenders and trusted mortgage companies to recover from burdens of loan and credits. This is the ultimate answer to refinancing needs offering anyone to straighten poor credits in the past. This, moreover, can establish the convenience of having mortgages and loans in a lower interest rate and less expenditure to worry each month.

Categories: finance

Annuities Are Safe Compared To Riskier Investments

Annuities might be attractive to some due to the many ways of confirming their relative safety in regards to financial investment instead of the threat associated with the stock market or various other kinds of financial investments that do not ensure a reliable return year after year. To find out more about the types of defense provided for by annuity strategies, keep reading.

Security With Annuities

Strict state regulations and accounting approaches are held over insurers heads that offer fixed variable annuities. This is a good thing for the general public because it helps to protect them quite a bit. The huge bulk of insurance service providers are openly traded and therefore, they are held accountable to state regulations and accounting approaches for openly traded companies. Watchdogs keep a close eye on insurance providers, and they legally have to maintain a monetary reserve to protect their clients. Insurance suppliers are also supposed to participate in a SIGA (or state insurance assurance association), which guarantees customers guarantees on minimums in their annuity and life insurance plans.

A lot of financial organizations and insurance service providers are commonly rated by third party rating business. If you take note of a company by means of these scores, you need to be able to see if there are any problems the business is developing prior to they concern any major monetary trouble, providing you plenty of time to re-diversify your investments if that is the case.

There are many various other safeguards for annuity programs. Right here is a list of some of things to be on the lookout for when choosing an annuity supplier.

Dangers with Government Backed Financial Products, etc

. While government backed CD’s, cost savings bonds, and cash markets are still considered quite safe to invest in, although these expand extremely slowly and usually do not keep pace with inflation.

Fixed Annuities and Life Insurance

Insurance organizations providing annuities and life insurance strategies are usually extremely regulated and offer various points of protection. These, combined with cautious monitoring of their ratings with numerous third party ratings agencies, as well as the included advantage of a greater Return Of Investment create a typically certified plan for retirement.

Diversified Investment In The Securities Marketplace

Last but not least, there are diversified financial investments in the safeties market. Balancing your portfolio is the name of the game, but it might become hard to remain stable in an ever-changing market, specifically if your investments wind up exercising in a less than acceptable manner. This isn’t typically the very best or best strategy to ensure earnings for your retirement.

Categories: management

The Three Budget Categories

One way to come up with an effective budget plan is by considering one of the three major budget types. If you have the appropriate plan for your expenses, you can actually control your expenses and protect your budget as a way to attain your financial targets. To help you select which expenses type is applicable for you, take a look at these:

Problem Solving Budget

Problem solving expenses is intended if you have an existing budget plan but has trouble controlling it. Most people suffer from overspending. However, your budget plan can be managed efficiently if you’ll streamline it or remove the unnecessary expenditures. Check your existing budgeting plan and see how one can simplify it. Come up with an in depth list of problematic areas and see ways to limit the expenditures in each category. For instance, take a look at your food grocery list. Review your list to see if you are buying items that aren’t needed. If you actually need to purchase the items, you can actually, at the very least consider cheaper brands without compromising the quality.

Comprehensive Budget

Among the three expenses types, the Comprehensive is known to be the Master Budget. This is suitable for those with average income and needs to manage their expenses by sticking to what is considered necessary. This financial budgeting scheme lets you monitor your monthly expenses through an in depth list of category areas.

To make this work, the very first thing you are required to do is determine your monthly income. Allocateexpenses for each category for example food, clothing, bills and other staples. If you look closely at the categories, you will be able to determine which items may be lessened and which needs more budgeting. You will easily know if you’re over budgeting on a certain category while depriving another budgetary area.

Planning Budget

This is often a style of expenses designed for those who intend to spend money on something such as a new home, a planned vacation or other expenses that need bigger amount. In order to create this kind of budgeting effective, it’s important to place your target among categories and allocate a budget for it. However, you need to realize the item on this category isn’t a top priority when compared with food. Therefore, put the category at the bottom of your list and only allocate money on it in case you have extra. The good thing about this category is you can save while achieving your financial goal. If there’s a need, you can actually even use the money for emergency.

Categories: financial partner

Why Plan Your Stock Investments

The only agenda for any investor is to multiply his money. Yet all too often we hear of stocks plunging south and an investor left paying a hefty price.

The fact is that investing in stocks is a game. You win some, you lose some, but as long as you make sure you’re planning while playing, you’ll come out of it with less than a scratch.


1. Prioritize

Before you’ve even begun to think about where to put your money, it’s important to sit back and consider what your goals are.

It could be that travel’s your thing and you get the bug yearly, or maybe you’re the sensible sort and prefer to stick to saving.

Whatever your choice, once you’ve ascertained what your goals are, you’ll know if it’s long-term or short-term investments that suits you best.

2. Strategize

Your investment strategy should be based on your present finances as well as your personality.

Are you the sort that equates risk with a potential heart attack or are you a daredevil, who sees it as thrilling? Answering this tells you which investment style is best for you to stick to.

So, before you invest make sure you know your risk profile.


Once you’ve got your plan in place, it becomes all about the choices. There are so many options available in the market, so how do you know what are the best stocks to invest in?

Any company you invest in should deliver safety and profits. The constant volatility and market speculation makes it hard to tell which way the stock will go.

This is why it’s important to dig way below the surface.

Fundamental Analysis:

The best stocks are simply the ones that continue to grow. To identify if that’s likely to happen, it’s necessary to take the nitty gritty of the company into account.

1. Financials

The last ten years of the company’s financials should be thoroughly examined. Earnings, balance sheets and cash flows over a length of time give a better insight into how the company has fared and what its profit potential is.

2. Quality

When inquiring into the quality of a company, a number of factors should be taken into consideration. The company must have a selling point, a key that’s given it an extra edge. For some it comes in the form of a business monopoly, for others through timeless brands and new technologies.

The key to sustaining the growth of a company though, is always strong management. However, in isolation it cannot be the only driving factor.


Once you’ve gotten a look at the bigger picture, it’s easier to decide on the best stocks to invest in.

This unscattered approach to investing helps beat the stock odds and ensures the organized investor be a smart and successful one.

Categories: finance

Daily Trading Report Unique Tools Demystifies Trading Analysis

Everyone knows that the stock market is a popular place to invest money – and the smart ones know that it is also a place where you can lose money if you are not careful. There are several different ways to approach to market; I am going to concentrate on one today, but it will be good to go over the different major options, as they all have their place in your investment portfolio.

Resources should of course be split into several different sections; what we need to live on, what we need to try to save for a retirement that is at least comfortable, and what we have to play around with.

The retirement resources should be, ideally, placed into secure investment objects, and the closer we get to that age, the safer those vehicles should be – you don’t want to lose the bundle, after all, when you are just two years away from retirement. The younger you are, the higher yield and riskier strategies are ones you should think about, but still something which cannot result in catastrophic losses.

But there is a percentage of money with which greater risks should, perhaps, be taken – and there are strategies that, while more risky, can also result in greater payoffs. The idea that you should buy stocks for short term, higher yield gain is not a new one – call it short term flip, or day trading – arbitrage or contrarian trading.

The strategy for this type of trading is completely different from that of normal stock purchase decisions, where the company is analyzed (or the fund, for that matter). In day trading, small amounts are made not from the intrinsic value of the stock, although that certainly matters, but from trends (technical analysis only) which cause all stocks and commodities to rise and fall over short periods of time.

To help learn these strategies, and to truly help yourself to understand the underlying principles of this type of trading, Brad McFadden’s Daily Trading Report is one of the most useful sites out there – at this website you will find that there are several important tools, and his strategies are well thought out and fairly easy to understand.

Knowing the mechanics behind the markets allow you to day trade in a more coherent, strategy based fashion – financial markets are a lot more predictable than most people think, and the Daily Trading Report helps you understand this. Predictability is caused by trends, but they are often obscured by other things happening in the market. At the Daily Trading Report, you have access to proprietary and published indices which are little known and not widely followed by a lot of traders, but which do point towards certain probable outcomes in global trends.

Some things which seem like gambling are really more certain than many people make them out to be; it is all about learning and understanding the underlying principles of the ‘machinery’ which you are trying to manipulate, and it is in the way that the Daily Trading Report teaches you these principles that makes it such a valuable trading house of information. When it comes to day trading strategies, get the best information out there – start at the Daily Trading Report.