5 Common Misconceptions About Payments in the Cloud
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Do you know the difference between cloud, hosted and on-premise payment solutions? View this presentation to learn the differences and to discover the truth behind common cloud misconceptions. For more information, please visit www.paymetric.com.
5 Common Misconceptions About Payments in the Cloud
- 1. 5 Common Misconceptions About Payments in the Cloud Presenter:(Stewart(Comrie,(Vice(President(,(Strategic(Solu7ons( November(11,(2014( 息2014.(永温霞馨艶岳姻庄界.(粥鉛鉛(檎庄乙鞄岳壊(檎艶壊艶姻厩艶糸.( 1(
- 2. Agenda(( ! Cloud(Confusion( ! Defining(the(Cloud( ! 5(Misconcep7ons(Around(ePayments(in(the(Cloud( ! Best(Prac7ces(( ! Why(Paymetric( November(11,(2014( 2( 息2014.(永温霞馨艶岳姻庄界.(粥鉛鉛(檎庄乙鞄岳壊(檎艶壊艶姻厩艶糸.(
- 3. Cloud(Confusion( ! Need(clear(understanding( ! The(Cloud(is(just(that..(Cloudy( November(11,(2014( 3( 息2014.(永温霞馨艶岳姻庄界.(粥鉛鉛(檎庄乙鞄岳壊(檎艶壊艶姻厩艶糸.(
- 4. Defining(the(Cloud( ! It(can(mean(ANY(of(the(following:( ! Private,(Public,(Hybrid( ! Compu7ng,(Storage( ! Infrastructure((IaaS)( ! E.g.(VMs( ! PlaVorm((PaaS)( ! E.g.(Dev(tools,(Azure( ! Applica7on((SaaS)( ! CRM,(email( ! Hos7ng(versus(SaaS( November(11,(2014( 4( 息2014.(永温霞馨艶岳姻庄界.(粥鉛鉛(檎庄乙鞄岳壊(檎艶壊艶姻厩艶糸.(
- 5. Defining(the(Cloud:(Payments( ! Hosted(Middleware( ! Single(instance(private(cloud( ! Merchant(responsible(for(PCI(DSS( ! Redundancy(and(backup(support(varies( ! SaaS( ! Mul7Ytenant( ! Vendor(responsible(for(PCI(DSS( ! Built(to(perform(and(scale( ! Availability,(redundancy,(backup(typically(builtYin( November(11,(2014( 5( 息2014.(永温霞馨艶岳姻庄界.(粥鉛鉛(檎庄乙鞄岳壊(檎艶壊艶姻厩艶糸.(
- 6. Defining(the(Cloud:(Payments( ! PCI(Impact(and(Cost( November(11,(2014( 6( 息2014.(永温霞馨艶岳姻庄界.(粥鉛鉛(檎庄乙鞄岳壊(檎艶壊艶姻厩艶糸.( Merchant PCI Scope COST%
- 7. Defining(the(Cloud:(Payments( ! PCI(Impact(and(Cost( November(11,(2014( 7( 息2014.(永温霞馨艶岳姻庄界.(粥鉛鉛(檎庄乙鞄岳壊(檎艶壊艶姻厩艶糸.( Merchant PCI Scope COST%
- 8. #1:(The(cloud(is(unreliable(and(inflexible( Myth%stems%from%many%public%cloud%services%and%private%cloud%models% SaaS( Reliability( Built(to(perform(and(scale( BuiltYin(redundancy( BuiltYin(backup(and(failover/DR( BuiltYin(maintenance(without(service(interrup7on(( Flexibility( Service(oriented(architecture( Configurable(behavior( Connec7vity(from(any(system( November(11,(2014( 8( 息2014.(永温霞馨艶岳姻庄界.(粥鉛鉛(檎庄乙鞄岳壊(檎艶壊艶姻厩艶糸.(
- 9. #2:(The(cloud(is(not(secure( Myth%stems%from%many%public%cloud%services%and%private%cloud%models% SaaS( Focus(and(specializa7on(is(key( Security(is(the(top(concern(of(all(veced(SaaS(Payment( Solu7on(Providers( OnYpremise(solu7ons(oeen(focus(less(on(security( Control(does(not(equal(security( OnYpremise(solu7ons(oeen(dont(maintain(security( Over(7me,(security(procedures(oeen(lapse( According(to(Alert(Logic(report,(onYpremise(solu7ons(are( acacked(more(than(cloudYbased(solu7ons( November(11,(2014( 9( 息2014.(永温霞馨艶岳姻庄界.(粥鉛鉛(檎庄乙鞄岳壊(檎艶壊艶姻厩艶糸.(
- 10. #3:(The(cloud(is(expensive( Using(the(cloud(can(reduce(costs( No(longer(paying(for(system(maintenance,(opera7ng( &(upda7ng(costs( Reduces(equipment(required(( Pay(for(what(you(need/use(and(nothing(more( Move(from(CAPEX(to(OPEX(monthly(fee(model( Payments(and(payments(security(industry( undergoing(rapid(change,(with(no(end(in(sight( Some(companies(see(up(to(88%(savings(while(using( the(cloud( ( November(11,(2014( 10( 息2014.(永温霞馨艶岳姻庄界.(粥鉛鉛(檎庄乙鞄岳壊(檎艶壊艶姻厩艶糸.(
- 11. #4:(All(cloud(models(are(the(same( In(Payments,(Cloud((Cloud( Hosted( Private(cloud( Merchant(responsible(for(PCI(DSS( Single(instance(replicated( Managed(services( Redundancy(and(backup(support(varies( SaaS(( Mul7Ytenant( Vendor(responsible(for(PCI(DSS( Built(to(perform(and(scale( Availability,(redundancy(and(backup(builtYin( November(11,(2014( 11( 息2014.(永温霞馨艶岳姻庄界.(粥鉛鉛(檎庄乙鞄岳壊(檎艶壊艶姻厩艶糸.(
- 12. #5:(The(cloud(is(not(appropriate(for(payments( Use(of(3rd(party(service(providers(encouraged(by(PCI( Reduced(PCI(scope( Secure( Reliable( Major(players(in(the(payments(industry(have(already( adopted(the(cloud( Card(brands( Processors(( PayPal,(Google,(Apple,(Amazon( Gartner(term(is(Payment(Service(Provider((PSP)( November(11,(2014( 12( 息2014.(永温霞馨艶岳姻庄界.(粥鉛鉛(檎庄乙鞄岳壊(檎艶壊艶姻厩艶糸.(
- 13. In(Summary:(5(Common(Misconcep7ons( 1. The(cloud(is(unreliable(and(inflexible( 2. The(cloud(is(not(secure( 3. The(cloud(is(expensive( 4. All(cloud(models(are(the(same( 5. The(cloud(is(not(appropriate(for(payments( November(11,(2014( ( ( 13( 息2014.(永温霞馨艶岳姻庄界.(粥鉛鉛(檎庄乙鞄岳壊(檎艶壊艶姻厩艶糸.(
- 14. What(are(my(op7ons?( Op7ons(for(payment(solu7on(systems(include:( OnYpremise( November(11,(2014( 14( 息2014.(永温霞馨艶岳姻庄界.(粥鉛鉛(檎庄乙鞄岳壊(檎艶壊艶姻厩艶糸.( All(hardware(and(soeware(is(stored(at(your(loca7on;(hardware(and( system(updates(are(maintained(by(your(IT(team( ( Hosted( You(purchase(soeware(that(is(installed(on(hardware(at(another(data( center;(you(pay(rental/lease(fees(( (( CloudYbased(( Soeware(is(installed(on(virtualized(servers(
- 15. Best Practices Cloud-Based Environment November(11,(2014( 15( 息2014.(永温霞馨艶岳姻庄界.(粥鉛鉛(檎庄乙鞄岳壊(檎艶壊艶姻厩艶糸.(
- 16. About(Paymetric(( November(11,(2014( 16( 息2014.(永温霞馨艶岳姻庄界.(粥鉛鉛(檎庄乙鞄岳壊(檎艶壊艶姻厩艶糸.(
- 17. AwardYWinning(Company(( Paymetric%is%Recognized%for%Electronic%Payments%Innova;on( Paymetric(is(an(awardYwinning(company(built(on( shared(purpose,(an(unremisng(pursuit(of(excellence,( las7ng(collabora7on,(accountability(and(integrity.(For( more(than(15(years,(we(have(been(recognized(for(our( work(and(honored(with(awards(for(technical(innova7on( and(thought(leadership.( November(11,(2014( 17( 息2014.(永温霞馨艶岳姻庄界.(粥鉛鉛(檎庄乙鞄岳壊(檎艶壊艶姻厩艶糸.(
- 18. Ques7ons?(( November(11,(2014( 18( 息2014.(永温霞馨艶岳姻庄界.(粥鉛鉛(檎庄乙鞄岳壊(檎艶壊艶姻厩艶糸.( Dont(Miss(Part(4(of(our(5YPart(Series:( November(18th,(2PM(EST( hcp://www.paymetric.com/paymetricY5YpartYwebinarYseries(