28. March 2017 / Small Business Resources
At the background of every successful small business, there is a stringent and properly planned business, and at the back of every developing small business is an established plan to budget your small
How Does it Work?
Why is Payment Card Industry (PCI) Compliance important to you?The PCI Standard is a mandatory global standard established by the Card Associations to ensure the protection of cardholder data. Based on twelve guidelines, the PCI Standard requires merchants to make their physical and virtual environments secure to ensure protection of cardholder data.
As a merchant accepting credit cards as a form of payment, you are required by the Card Associations to adhere to the PCI Standard. The PCI standard encompasses the security programs from Visa and MasterCard.
The PCI standard sets technology requirements such as:
It also includes procedural mandates, such as the need to implement formal and documented security policies and vulnerability-management programs.
Compliance with the standard applies to all types of merchants, retail, mo/to, and Internet. All merchants need to follow best practices for storage and destruction of all paper or electronic records containing account numbers or cardholder data.
Importance of PCI Standard Compliance and/or Certification:It is clear that ensuring the safety of your customers' cardholder information can help your business strive to create and maintain a positive image, enhance customer confidence and even assist in improving your bottom line.
Additional benefits include:
21. March 2017 / Small Business Resources
Small businesses don’t have to expand quickly, even though they wish to expand, as inactiveness is one small step away from contraction. They normally work in less aggressive market and don’t have