How ProductCart deals with securing credit card information

Summary of Card Company Requirements Governing Cardholder Information Security 

• Do not store the following under any circumstance:
  – Full contents of any track from the magnetic stripe on the back of the card.
  – Card-validation code—the three-digit value printed on the signature panel of a MasterCard®, Visa®, Discover®, JCB®, or Diners Club® card, and four-digit code printed on the front of an American Express® card.
• Store only that portion of the customer’s account information that is essential to your business—i.e. name, account number or expiration date.
• Store all material containing this information (e.g., authorization logs, transaction reports, transaction receipts, car rental agreements, and carbons) in a secure area limited to authorized personnel.

• Destroy or purge all media containing obsolete transaction data with cardholder information.

• Advise each merchant bank or processing contact (representing each of your card brands) of any agents that engage in, or propose to engage in, the processing or storage of transaction data on your behalf—regardless of the manner or duration of such activities.
• Make sure these agents adhere to all rules and regulations governing cardholder information security. Any violation by your agent may result in unnecessary financial exposure and inconvenience to your business.

• In the event that transaction data is accessed or retrieved by any unauthorized entity, notify the merchant bank or processing contact for each card brand immediately.
• This report will not only minimize risk to the payment system, but protect your customers in the most responsible manner. Systems and procedures are in place to immediately stop the unauthorized use of compromised data, but are effective only when you do your part to promptly report a security incident.