31 Mar 2022 By PAYCEC
Yes, as a merchant, you need to be PCI compliant to run your online business and accept digital card payments.
There are many companies that used to fail to meet with the PCI DSS Compliance, they all ended up losing their profits. The price to pay for that failure is money. If a store does not use PCI DSS compliant standards and their data is stolen, they will be subject to harsh penalties.
When you first start navigating PCI compliance as a SME, it's easy to get overwhelmed, but PayCEC is a perfect partner who enables your company website to engage with customers' data with mandatory compliance approaches, secure, cutting-edge data centers, high-speed connectivity, end-to-end encryption, and robust network monitoring.
The foundation of effective e-commerce is trust. When your customers have trust in your brand who provides them the exact products they ordered, as well as to securely transmit and process their payment information! Meeting international payment security requirements is another approach to create and maintain your company's reputation, which is one of the most precious assets.
When creating an IT infrastructure, data compliance and management are critical issues, especially if you process or store sensitive customer information. Each PCI-compliant firm is a less valuable target for cyber criminals because merchants are mandated to employ stronger firewalls and encryption, and they aren't allowed to retain cardholder information.
The PCI DSS regulations were created by five of the world's largest credit card networks who offer consumers a compulsory level of security by requiring merchants to fulfill minimum security standards when storing, processing, and transmitting cardholder data. Obtaining PCI certification allows your company to earn the respect of other multinational merchants and enterprises dedicated to data security and consumer protection in global payment networks.
PCI DSS compliance necessitates the use of numerous levels of protection, including correctly installed firewalls. You'll also need an overall IT security policy that adapts to new threats and monitors your network for unpatched holes or out-of-date software. IT security services such as endpoint security, enhanced WatchGuard firewalls, or a vulnerability audit can help meet these PCI criteria.
Whether you need to achieve level 1, 2, 3, or 4 of the PCI DSS, obtaining compliance indicates you've taken significant steps to protect customer data. Some of the PCI DSS's basic principles, such as taking steps to minimize the amount of sensitive data you maintain, align with GDPR, ISO, and other international data security standards.
If you need further assistance or answer, please don't hesitate to contact us.
We are honored to serve as your reliable business partner and financial service provider in the industry and other business-related services. With the help of our professional staff, to help merchants to achieve their goals for the development and expansion of the international business market.
Our payment flow has developed in the e-commerce world to perform seamlessly and effectively across all platforms and devices. We take pleasure in combining technology with customer service, to solve your concerns at the moment.
PayCEC is a fully worldwide payment network that not only allows merchants to be paid immediately and securely, but also allows them to withdraw money in multiple currencies to their company accounts.