When it comes to gaining and retaining customers, security is a determining factor for many individuals. PayHub Payments’ security features use PCI compliance and assistance, and we wanted to let you know what, how, and why your business should do to encompass this security.
What is PCI? PCI, sometimes seen as PCI DSS stands for Payment Card Industry Data Security Standard. This is a set of standards for security that ensures all businesses or services that accept, store, or process credit card information do so in a secure manner.
When was PCI established? The PCI council first established in September of 2006 to help improve and focus more on the payment processing security transaction development. Since then it has adapted with the demands of the changing payment industry landscape.
What does PCI compliance mean? If a company is PCI compliant this means they have abided by all 12 requirements by the Payment Card Industry Data Security Standard (PCI DSS). When you utilize PCI compliant security for your company it shows the consumers that you’re serious about their information security to the highest standard. PCI fights, monitors and improves each day on threats and theft that exist and evolve. By being PCI compliant, you are reducing each minute risk that could cause untrustworthy transactions, which could be a real detriment to customer information and your business.
Ease your customers minds when it comes to information protection, and make sure that your business is PCI Compliant. If you are unsure about your compliance status give us a call!