Have you been thinking about setting up shop online? Taking your goods and services to the Internet will increase your business potential in many ways. However, e-commerce requires a commitment to securing transactional details, including credit card information from customers. As e-commerce has grown, so have security threats. Identity theft, data security breaches and phishing continue to top the list of consumer complaints. All of these factors undermine trust in digital commerce, and that is why it’s important for any small business to take the necessary steps to reduce customer concerns about shopping and banking online. Payment gateways The payment gateway provider you select should maintain their operations in state-of-the-art datacenters and utilize the latest security methods. They should also be fully compliant with major credit card providers’ security initiatives, including the Visa Cardholder Information Security Program (CISP), MasterCard Site Data Protection (SDP), and Discover Information Security and Compliance (DISC). Also, any payment gateway you work with must be certified as a PCI Level 1 service provider. If you are considering using a lesser-known provider, verify that the service is compliant with all these initiatives. Otherwise you could end up paying higher fees, having your account closed, or having your organization added to credit card processing blacklists. Deterring fraud
Conclusion Of course, your own business should adhere to the same stringent security guidelines you expect of your gateway provider. At a time when identity theft and fraud is on the rise, you need to ensure you have earned your customers’ trust before they will conduct business with you online. |
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