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.TRANSCRIPT
5 Common Misconceptions About Payments in the Cloud
Presenter:(Stewart(Comrie,(Vice(President(,(Strategic(Solu7ons(
November(11,(2014( ©2014.(Paymetric.(All(Rights(Reserved.( 1(
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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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