PCCharge's long life as a popular card payment processing tool is reaching a conclusion, as the solution developed by Verifone saw new development support drop off in October 2015, along with an end to any additional purchasing or upgrading of the technology. Continuing to use PCCharge isn't just inconvenient for many businesses, it can expose them to significant risks. Consider these four reasons why your organization should discontinue use of PCCharge.
1. PA-DDS and PCI DDS compliance concerns
"PCCharge isn't just inconvenient, it can lead to serious risks."
Because PCCharge is no longer actively developed, its technological specifications have stagnated. Advances made in the world of security compliance during the past few years have passed by the payment processing tool. The Payment Card Industry Data Security Standard and Payment Application Data Security Standard fit into that category, with the most current versions of each not supported by PCCharge.
For businesses, that means risking the many negatives that come along with a lack of compliance, from reputational issues and dissatisfied customers to fines and penalties related to noncompliance. Considering the alternative is a simple upgrade to more advanced card processing software, this should be a simple decision for merchants.
2. The EMV mandate
Much discussed in the world of consumer-facing businesses, the EMV standard and accompanying mandate improved payment card security, but it also caused a number of older devices to fall into the noncompliant category. That includes PCCharge, which lacks the software upgrades needed to handle changes to card processing hardware. A lack of compliance in this situation can mean businesses bear the cost of card-present fraud, another important reason to move past this limited tool.
3. SHA-2 and TLS V1.2 compliance
Secure Hash Algorithm 2 is part of the Transport Layer Security protocol, which increases security in electronic communications like payment processing. Similar to a lack of current compliance with EMV and PA-DDS and PCI DDS, the lack of new development for PCCharge means that system is no longer in alignment with these standards. This is yet another area where businesses can face a variety of negative consequences should they continue using PCCharge.
4. New Mastercard BIN range
Mastercard's new bank identification number range means new cards issued by the provider can start with the number two. Because this development occurred after PCCharge support ended, the software will have problems recognizing this type of card. This is yet another reason why continuing to use PCCharge is no longer in the best interest of businesses.