CoreCommerce

I was going to write an article explaining why if you run a self hosted ecommerce system like Magento or OsCommerce on a cloud platform you could never be PCI compliant. In the process of research for this blog, I ran across an article that already does a good job at explaining why cloud computing is still not PCI compliant.

Read the article here.

Why is this important? If you aren’t PCI-DSS compliant you are subject to fines of $500,000 for each violation. That can sink a small business in a hurry. That is why PCI-DSS certified solutions like CoreCommerce will make sure you have all of your bases covered. To make sure your ecommerce solution is compliant, they must be listed on Visa’s approved PCI-DSS list here.

Visa announced they are offering the parent company of Authorize.net, CyberSource, near $2 billion in cash for the company.

Currently Visa makes its money through interchange fees. These fees are currently paid by the merchants when a transaction is processed. Typically around 2% of the total transaction. Now Visa will also collect payment gateway fees.

For merchants how will this affect me?

In the short term merchants will not see any changes. In the long term the question will be about pricing. Having Visa competing directly in the payment processing field could eliminate competitors of Authorize.net. Having less competitors in general will hurt merchants by typically driving higher prices. Also remember gateways have to work with Visa for PCI compliance and approval.

If you are a merchant, I would keep a close eye on this one.

Here is our latest release folks, including product review rating stars and Quickbooks Merchant Services integration. Also, on Friday we will be adding 3 to 4 new free pre-designed templates.

• Quickbooks Merchant Services – Added new payment gateway. Works with authorize and capture, capture after shipping and refunding through CoreCommerce admin interface.

• Product Review Ratings – Added product review stars.

• PayPal Standard Authorization – Added the ability choose authorization only or authorization and capture.

• Plug N Pay – Added new payment gateway.

• Facebook Add-On – Integrates with wall box.

• Custom Product List Add-On – You can tie products to multiple custom product lists.

• Multiple Mailing Lists – You can now setup more than 1 mailing list for any email newsletters.

• Auto-Logout – Added a prompt to warn you when you are about to be logged out of the admin due to inactivity.

• New Arrival Settings – You can control the new arrival setting time.

Look forward to hearing from you.

Your CoreCommerce Development Team