Fee Card Industry Compliance
When online business ventures began to take shape in the early days, many business owners did not attempt to safeguard credit card holder information. This resulted in online businesses being hacked into and cards being stolen which cost credit card companies huge amounts of money. A new set of rules known as PCI (Payment Card Industry) Compliance were created by the credit card industry to reduce online credit card fraud from taking place. if an online business offers credit cards as their payment method, then it is essential that they comply with these rules to make certain that they not only protect customer credit card data, but also maintain website security.
Business owners in their excitement of running an online business might not remember that many outside vulnerabilities exist which can harm their website and destroy their business overnight. it is imperative that business owners keep their websites safe from these threats. if your website is broken into, and you end up losing your customer credit card information, you will have to pay huge fines as well as lose the ability to use credit cards in any of your future online business endeavors. This is if you weren't PCI compliant before the break in.
The PCI Security Standards Council has brought about these rules in order for online business owners who store credit cardholder data to properly consider security. it is essential that websites are tested on a quarterly basis as per the PCI compliance regulations. A few thousand security tests will be run on your website by an Approved Scanning Vendor (ASV). This is done every 3 months to test for potential viruses and vulnerabilities and to keep your PCI Compliant status. You will receive a PCI compliance report which is required by your acquirer as well as a simple questionnaire that business owners must take the time to fill out. it is beneficial to a business to run these security tests as it means its possible to identify potential threats early on, and fix them.
Business owners are obligated to protect their customer information. Customers who visit websites and enter their personal information expect business owners to provide their websites with appropriate security and protect visitor data. Business owners must comprehend that PCI compliance is an investment for all those involved, including the website owner, vendor and credit card merchant. when potential customers visit your website and see that it is PCI compliant, their confidence increases and helps selling to them.
Some vendors offer website to demonstrate PCI compliance. A web seal is a great way of attracting more traffic to your website. displaying a web seal increases the trust and credibility of your website. This results in increased sales. By getting your website PCI compliant with a good vendor, you'll help keep hackers at bay, and will also enjoy a higher frequency of sales.
Payment Card Industry Compliance
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