Credit Card Security Mandates Put The Squeeze On SMB Online Merchants
StoreFront Partners With ClearCommerce to Address New Security Regulations and Looming Compliance Deadlines
Kansas City, KS (May 13, 2004) - LaGarde, provider of market-leading StoreFront® e-business solutions (www.storefront.net), and ClearCommerce Corporation, the leading provider of fraud prevention and payment processing solutions for online retail, have partnered to provide SMB merchants with a fully certified infrastructure that ensures compliance with security requirements established by card associations.
Bankcard data compromises impacted an estimated 30 million card numbers in 2003, and are expected to double this year. In response to this growing problem, the card associations established security requirements for acquiring institutions and their merchant customers. Visa Cardholder Information Security Program (CISP) and MasterCard Site Data Protection Program (SDP) define strict standards of due care for securing cardholder data. In addition, the associations have made acquiring banks responsible for the data security throughout the transaction processing chain, and have implemented significant financial penalties for non-compliance that go into effect in September, 2004.
Most SMB merchants are struggling with how to bring their online operations into compliance. The majority of shopping cart and gateway services are not currently compliant, and the implementation process is often complex. To address these issues, ClearCommerce recently introduced Hardened CommerceTM, which provides a trusted platform that includes shopping cart technology that has been certified to ensure proper use, storage, and transmission of card data and the fully CISP certified payment processing service, QuickStart. Additionally, Hardened Commerce bundles Verified by Visa and MasterCard SecureCode payer authentication and ClearCommerce Risk Management, an automated suite of fraud prevention technologies.
StoreFront was the first solution to pass Hardened Commerce certification and is the only commercial SMB shopping cart to date that provides a framework for compliance. "LaGarde is a leader in helping small and medium businesses profitably grow their online channel," said Michael Levin, executive vice president for marketing and strategic business development of LaGarde. "We are excited to join with ClearCommerce and be the first to deliver an effective, affordable, end-to-end solution for complying with cardholder security requirements."
LaGarde Contact:
Sarah Fender, Director of Product Marketing
913-489-0809
s.fender@lagarde.com
About LaGarde:
Founded in 1996, LaGarde is a leading global provider of e-business solutions for small and medium businesses. LaGarde`s StoreFront software and service products offer robust, feature-rich solutions to develop, deploy and maintain e-business sites that deliver enterprise functionality at an affordable price point. The StoreFront platform powers nearly 50,000 web stores in over 70 countries around the world. For more information, visit www.StoreFront.net or call 800-943-5823.
About ClearCommerce:
ClearCommerce is the leading provider of fraud prevention and payment processing solutions to merchants and service providers in the United States and Europe. ClearCommerce software is used by 80,000 businesses worldwide, including customers such as Adobe, Apple Computer, Barclay`s and Staples. ClearCommerce delivers the most accurate fraud prevention and most flexible electronic payment solutions for credit-card-not-present sales channels. For more information, visit www.clearcommerce.com.
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LaGarde, StoreFront and StoreFront Now are either registered trademarks or trademarks of LaGarde Incorporated in the United States and/or other countries. The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
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