What is PCI Compliance? Everything you need to know!

What is PCI Compliance? Everything you need to know!

PCI DSS stands for Payment Card Industry Data Security Standard. It was developed by the PCI Security Standards Council to help organizations that process card payments prevent credit card fraud, hacking, and other vulnerabilities. Compliance is required of all merchants who wish to accept any type of payment card (credit, debit, etc.), where they store customer data (as in a database or on a website), and where they process transactions (again, either online or off). This applies to both brick-and-mortar stores and online retailers.

The PCI Security Standards Council was formed by American Express, Discover Financial Services, JCB International, MasterCard Worldwide and Visa Inc. in 2006. The council was formed to take a more public stance on how credit card information should be protected and shared, as well as to better educate the public. Since inception, the PCI Security Standards Council has been drafting stricter guidelines for security of payment information.

You may have heard about PCI DSS before but do not know what it is or why you need to comply. You may even know some of the basic details but need to go further and understand what PCI Compliance entails, as well as how it affects you as a business owner. Finally, you might be looking for more information on how to achieve compliance and maintain security standards in order to best protect your customers and company.

What is PCI Compliance?

PCI DSS stands for the Payment Card Industry Data Security Standard, and it protects credit card transactions between businesses and consumers. The name itself tells you who it affects (anyone or business that processes credit card payments), what the standard entails (security) and what’s included in those standards (the PCI DSS).

PCI Compliance has 3 major requirements: maintaining a secure network, protecting cardholder data and being compliant …

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Data Science: The Backbone of Fintech

Data Science: The Backbone of Fintech

Technology has been changing the world since the invention of the wheel. Computers and the internet have had a major impact on entertainment, living and certainly in business. Data science, an extension of statistics is now a vital part of business, especially the online variety. There is also financial technology. (fintech) which has streamlined banking and lending. The two are closely connected as data science supports fintech. The data is the fuel upon which fintech runs.

Uses of Data Science

Data science involves more than just collecting and storing data. Companies such as Cane Bay Partners, are able to thoroughly analyze data and supply its findings to financial companies. It’s the analysis that takes statistics to the next level.

Companies like Amazon use data science to recommend products to customers. The recommendations are based on a person’s shopping history. The analysis allows companies to make accurate predictions about what customers might be interested in.

Social media sites also use data science when they suggest people you might know or groups that might interest you. The same type of data collection and analysis allows them to match people up with each other and with interests.

Data science has also been used to assess the odds of sports franchises winning championships or to pick the winners of Grammys and Oscars. It’s been a big part of bookmaking, both legal and illegal, for decades.

Fintech

Fintech uses technology to help businesses of all kinds manage their finances better and easier. Fintech also led to the development and rise of cryptocurrencies such as bitcoin.

Supported by data science, fintech has helped launch businesses that can cater to customers previously inaccessible. For example, many people who are unable to qualify for a credit card or bank loan are able to borrow money for retail …

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What You Should Know About Working With Expert Witnesses

What You Should Know About Working With Expert Witnesses

Almost every complex court case presents evidence from expert witnesses. In fact, many law firms use the same group of experts regularly. If you face a civil or criminal lawsuit, your law firm may suggest the use of one such expert, but there are a few things you need to know about these individuals.

They Require Transparency

Your expert witness needs all the information about your case. For example, if you have a banking case and hire banking litigation support, the witness needs every bank and personal record that applies to the case. The last thing you want is for your expert to be testifying and be asked a question that cannot be answered because you didn’t turn over all the relevant data. This lack of information opens the door for your opposition to discredit your witness and prove its case.

Their Services Are Not Cheap

Expert witnesses are paid based on the work they do on the case, and every case requires a different level of work. These individuals review all the evidence that applies to their conclusions. They also submit to depositions, and sometimes, they testify in court. They also typically create reports or summaries that explain their methods and conclusions. This work takes time, and one case will vary significantly from another.

They Are Impartial

Expert witnesses must be impartial. All the conclusions they present have to be the result of a scientific method. They are required to go over all the evidence and data on a case and draw a logical conclusion, even if it is against you, the person who hired them. Therefore, be aware that their conclusions may not align with yours, and they have to present what they find without bias.

Expert witnesses can make or break a case. If you are …

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What are the Five Main Reasons to Get Yourself a Kredittkort?

What are the Five Main Reasons to Get Yourself a Kredittkort?

What would you do if you didn’t have any money? You’d get a job, right? Of course, but in times like these, it seems like no matter how much you earn, there’s always a need for more. There’s always a need to get something else done, or something else bought to make your life better.

We all need just a little more sometimes. In these moments of life, when the need for something is bigger than the amount of money we have on our accounts, there’s the credit card. Popularly also known as the kredittkort, it’s the only item that can save us from staying sad that we can’t get an item.

Everyone has one today. In some countries around the world, like the US, credit cards are extremely popular and people usually have more than one. Depending on the needs they have, they’ll get one or another for different reasons.

If you think that you need a credit card in your life too, then you’re probably right. If you’re not sure if what you’re thinking is entirely justified, then we’re here to convince you. In this article, we’re talking more about the kredittkort and why you need to get one. Keep up if you want to know the five main reasons why you must apply for one today and start using it as soon as you can.

1. You are financially secured at all times

The best thing about credit cards is that they are filled with money ready to be used whenever you need them. That makes you financially free and secure at all times. No matter what happens in your life, you’ll always have the money to cover the problem.

What is more important is the feeling of security. You feel safe and happy knowing that there’s …

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Building an App like Clubhouse

Building an App like Clubhouse

It took just a few weeks for Clubhouse to become the most downloaded app in the App Store. Its popularity surpassed even TikTok.

The peculiarity of the social network is communication by voice. Interest in the application was fueled by a certain mystery associated with the fact that not everyone can join it. An invitation from existing members is required. In this sense, the creators of Clubhouse, Paul Davison and Roen Seth, created the maximum intrigue, and everyone wanted to become members of a closed club. In less than a year of existence, the value of Clubhouse was estimated at a billion dollars.

At the very beginning, only stars and influencers joined the closed community. Even Elon Musk and Mark Zuckerberg are among them. The voice method of communication creates the illusion that you are talking to your idol live. You involuntarily want to come up with something like Clubhouse, right? Looking ahead, let’s say that it is quite possible to implement such an idea. There are teams and resources like https://agilie.com/en/blog/voice-chat-app-like-clubhouse-how-to-create that can help. But first things first.

How Does Clubhouse Work?

Communication on the site takes place in audio format in real-time. Only some chats can be recorded with the permission of moderators. Conversations take place in separate rooms ­ audio chats. There are speakers who have been given the floor, as well as listeners and moderators. If someone decides to become a speaker, he/she needs to raise his/her hand and wait for the approval of the moderator.

Each chat is dedicated to a particular topic. You can immediately see it in the name of the room. This enables participants to find topics of interest on the service. They also see which rooms the people they follow are visiting. Yes, in Clubhouse, you can also collect an army …

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