Accepting credit, debit or prepaid cards requires adherence to PCI security standards.
Consequences of Noncompliance with PCI DSS
If your business does not comply with PCI standards and customers’ payment card data is compromised, then you are subject to large fines and penalties, legal costs and settlements, as well as loss of business due to decreased customer trust and loyalty. The severity of these consequences can even result in your company going out of business. Any upfront costs associated with PCI compliance are more than outweighed by the ultimate costs of noncompliance.
Storing Payment Data Can Result in PCI Noncompliance
Storing payment data is not recommended, even with encryption. It is a risk that can be remedied by an advanced PCI tokenization system. Tokenization replaces stored data with “tokens,” which are useless to hackers and thieves.
Achieve and Improve PCI Compliance with BluePay
We have the tools, resources and expertise to protect your business. Contact us to learn more about PCI compliance and our secure payment processing solutions.
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