Friday, January 24, 2014

The Importance of Credit Card Processing Security and How to Maintain PCI DSS Compliant

Credit Card Processing Security

There are many different factors to take into consideration when you are looking for a payment processor for your company. It can really hurt your business and cost you dearly if you do not find a processor that fits your business needs or one that cannot guarantee credit card processing security.

Two Most Important Credit Card Processing Security Tips:


Safeguarding Your Customers' Personal Data

You might not realize it, but if you are processing credit card transactions through a merchant account, it is your responsibility to ensure your customers' credit card data is safeguarded and secure. In fact, you will see on the contract you sign small print that will state something along the lines of your business having to be "PCI Compliant." Safeguarding account information is a big part in this, along with the service provider you use, and how you store this personal data.

There are card brand regulations and rules that your business must follow, when accepting payments. A dedicated compliance team can help keep you compliant. They can help with taking you through the process to avoid fines or just point you in the right direction.

Opting for Additional Credit Card Processing Security


A good thing to look into is a solution that take all the hard work away from you and makes secure credit card processing just plain easy.  Tools and solutions like this help with data theft.  In some cases, you will even find credit card security solutions that do not even keep customer payment information in your environment.  Instead, these solutions actually take turn the cardholder’s data into tokens that are made up of random numbers and are meaningless to thieves.  Also, many of these solutions will even help you with PCI DSS compliance by enabling you to spend less time and resources on these requirements since you are not actually storing private customer payment information in the first place.  The provider is the entity who will have access to this information so you can keep track of vital customer interactions.

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