Protecting business revenue is an essential part of accepting credit cards. The best way to safeguard payments is to pass Payment Card Industry (PCI) compliance guidelines and regulations with the help of PCI payment solutions.
PCI payment solutions protect your business against liabilities in the event of a data breach. In 2015, the U.S. recorded 781 data breaches, the highest since the Identity Theft Resource Center began tracking breaches in 2005. Many of these breaches were due to the lack of PCI compliance.
What is PCI Compliance?
PCI compliance is a set of standards that ensures the credit card industry is securing customer data uniformly throughout the industry. The PCI Council was established because Visa, MasterCard, Discover, and AMEX all needed a set of standards to help regulate the credit card industry.
Despite the PCI standards, 60% of all merchants are not PCI compliant, according to the 2016 Verizon Wireless Annual Breach Summary.
How Do I Become PCI Compliant?
In order to become PCI compliant, merchants must complete a yearly Self-Assessment Questionnaire (SAQ) and/or pass a quarterly PCI Security Scan.
The SAQ is divided into categories based on how your business processes credit cards, and includes a series of questions to help assess your PCI compliant security level. With one of our EBizCharge payment solutions, we can help make PCI a lot easier for your business.
PCI payment solutions provide the highest possible security levels to ensure that your business is always up-to-date with the necessary requirements to achieve PCI compliance.
PCI Compliant Security Liabilities
Only 40% of merchants are currently PCI compliant. One of the biggest reasons a merchant does not pass PCI compliance is because they can’t pass their quarterly security scan if one is needed. This is mainly due to using outdated software and/or outdated network applications. Additionally, businesses who don’t complete their SAQ cannot pass PCI compliance security. This puts merchants and their customer data at a severe risk. PCI payment solutions allow merchants to pass PCI compliance with ease, and gives them the ability to be placed in SAQ A which doesn’t require a scan.
Benefits of PCI Compliant Security
PCI compliance lessens the liability for your business when a data breach occurs. With PCI payment solutions the data is tokenized first before being stored, allowing both you and your customers to rest assured all sensitive credit card data is being processed securely.
Protect Your Business with EBizCharge’s PCI Payment Solutions
Any business that accepts credit cards must be PCI compliant. In the event of a data breach, you could face fines by the PCI Security Standards Council, and this could threaten business integrity. Without trust in your business, customers are likely to seek alternate solutions or stop purchasing your products.
Century’s EBizCharge PCI payment solutions offer the latest payment security and fully meets rigorous specifications set by the PCI Security Standards Council.
EBizCharge eases stress for you and your customers by storing sensitive credit card data in a tokenized payment gateway to ensure the highest PCI compliant security available.
For security questions about our EBizCharge PCI payment solutions, or to learn more about PCI compliance, call 888-500-7798 to speak to one of our IT Specialists today.