Advantages of Being PCI Compiant
As a business owner, small or large, an employee, or even a customer knowing and understanding PCI Security is a beneficial asset. Not only will it help your business grow, but it will build customer satisfaction and trust.
PCI Security is defined as set of requirements all companies that store, transmit and take credit card payments must follow to ensure a secure environment for private customer information. Regardless of the size of a company or organization, if it works with credit card data, it is required under law to comply with PCI regulation. More can be found on PCI standards at https://www.pcisecuritystandards.org/security_standards/pci_dss.shtml.
Let’s face it, it doesn’t matter if you are a conglomerate or a mom and pop corner store, reputation in the business world is everything. It can make or break a company. If a hacker breaks through your security and steals confidential customer information; your company’s reputation and your customer’s trust will disappear along with it. The lawsuits, insurance claims, and card issuer fines, they add up. As a merchant it is all too important to protect the business you have cultivated.
Customers want to know that the companies they give their valuable confidential information to will go above and beyond to protect them. Being PCI Compliant can increase your customer’s satisfaction with your company and their trust. It will build your company’s reputation as your customers share their experience with their friends and neighbors. It will prepare your business for other regulations that come your way. Most important, it will provide you and your customer’s with the peace of mind that when they come to you they are important and they are protected.