Question

In: Economics

If the State Government accepts citizen credit card payments for various services and Agency payments, would...

If the State Government accepts citizen credit card payments for various services and Agency payments, would the State Government be required to maintain PCI DSS compliance?

Solutions

Expert Solution

Despite the state government accepting citizen credit card payments for various services agency payments the state government is required to maintain PCI DSS compliance for the below mentioned reasons:
1) it protects the system from the firewalls.
2)it helps in configuration of the password and the settings.
3)it helps in protection of the already stored data of the cardholders.
4)it helps in encryption of the transmission of the data of the cardholder's all across the open as well as the public network.
5) it ensures a regular use an update of antivirus software.
6) also regular update of the patch system are looked after.
7)business need and access for knowing data of the card holders are restricted.
8)and unique ID is assigned to each person along with the access to computer.
9) physical access is restricted to workplace as well as card holders data.
10) login along with log management is implemented.
11) vulnerability scans are conducted also test for penetrations are done.
12) assessments of documents and risks are done.


Related Solutions

credit card payments: The outstanding balance on Bill’s credit card account is $3200. The bank issuing...
credit card payments: The outstanding balance on Bill’s credit card account is $3200. The bank issuing the credit card is charging 9.3%/year compounded monthly. If Bill de cides to pay off this balance in equal monthly installments at the end of each month for the next 18 months, how much will be his monthly payment? What is the effective rate of interest the bank is charging Bill?
Multiple choice 1- ATM accepts a credit card payment for $4,000 for service rendered. The credit...
Multiple choice 1- ATM accepts a credit card payment for $4,000 for service rendered. The credit card company changes a 5% fee for handling the transaction. Based on this information , which of the following is false a) Accounts Receivable - Credit card company will be debited for $3,800 b) Crdit Card Fee Expense will be debited for $200 c) Cash will be debited for $3,800 d) Service Revenue will be credited for $4,000. 2- An accounting practice that recognizes...
A credit reporting agency claims that the mean credit card debt in a town is greater...
A credit reporting agency claims that the mean credit card debt in a town is greater than $3500. A random sample of the credit card debt of 20 residents in that town has a mean credit card debt of $3619 and a standard deviation of $391. At α=0.10, can the credit agency’s claim be supported?
ADC supermarket accepts three types of credit cards, Master card, Visa and Tembo card. The sales...
ADC supermarket accepts three types of credit cards, Master card, Visa and Tembo card. The sales manager is interested in finding out whether there is a difference in the mean amounts charged by customers on the three cards. A random sample of 18 credit cards purchases revealed these credit card amounts. At the level of 0.05, using ANOVA test can we conclude that, there is a difference in the mean amounts charged per purchase on the three cards? Would Tukey-Kramer...
Identify precautions for accepting the types of payments: cash, check, credit card, and debit card.   
Identify precautions for accepting the types of payments: cash, check, credit card, and debit card.   
Define money and discuss its various functions. Is debit card money? Credit Card? Why? Why not?...
Define money and discuss its various functions. Is debit card money? Credit Card? Why? Why not? Explain.
As a saudi citizen / resident, would you rather invest in a US government bond or...
As a saudi citizen / resident, would you rather invest in a US government bond or in a saudi private large corporation bond? Provide a detailed answer by discussing advantages and disadvantages of each option.
Phoenix Restaurants accepts credit and debit cards as forms of payment. Assume Phoenix had $12,000 of credit and debit card sales on June 30, 2017.
Question Phoenix Restaurants accepts credit and debit cards as forms of payment. Assume Phoenix had $12,000 of credit and debit card sales on June 30, 2017.9. Suppose Phoenix’s processor charges a 2% fee and deposits sales net of the fee. Journalize the sale transaction for the restaurant.10. Suppose Phoenix’s processor charges a 2% fee and deposits sales using the gross method. Journalize the sale transaction for the restaurant. 
. You have a $28,000 balance on your credit card. You plan to make monthly payments...
. You have a $28,000 balance on your credit card. You plan to make monthly payments of $550 until the balance is paid off. The interest rate on your credit card is 19.5% p.a., compounded monthly. A letter in the mail informs you that you are approved for a new credit card and balance transfers are subject to a 8.5% p.a., compounded monthly. How many months sooner will you pay off your bill?
A credit card company wants to test whether, on average, male customers make larger payments on...
A credit card company wants to test whether, on average, male customers make larger payments on their outstanding credit balance each month compared to female customers. Random, independent samples of 20 males and 20 females are selected and monthly payments are compared. Average payment from males = $129.00 with a sample standard deviation of $23.90, and average payments from females = $113.00 with a sample standard deviation of $21.60 (both sigmas unknown). a. Write out Ho and Ha to test...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT