5 Common Misconceptions About Payments in the Cloud

Presenter:(Stewart(Comrie,(Vice(President(,(Strategic(Solu7ons(

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Agenda((

!  Cloud(Confusion(!  Defining(the(Cloud(!  5(Misconcep7ons(Around(ePayments(in(the(Cloud(

!  Best(Prac7ces((!  Why(Paymetric(

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Cloud(Confusion(

!  Need(clear(understanding(!  The(Cloud(is(just(that..(Cloudy(

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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(

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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(

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Defining(the(Cloud:(Payments(

!  PCI(Impact(and(Cost(

Merchant PCI Scope

COST%

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Defining(the(Cloud:(Payments(

!  PCI(Impact(and(Cost(

Merchant PCI Scope

COST%

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#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(

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#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(don’t(maintain(security(

•  Over(7me,(security(procedures(oeen(lapse(•  According(to(Alert(Logic(report,(onYpremise(solu7ons(are(

acacked(more(than(cloudYbased(solu7ons(

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#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(

(

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#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(

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#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)(

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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(

((

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What(are(my(op7ons?(

•  Op7ons(for(payment(solu7on(systems(include:(

•  OnYpremise(•  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(

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Best Practices Cloud-Based Environment

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About(Paymetric((

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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.(

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Ques7ons?((

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