As the world advances, so does the criminal element. Just like every gun invites the development of bulletproof clothing, every fraud detection method prompts unsavory characters to try and get round it. Stay on top of things by reading widely and keeping in touch with industry security networks, and learn how to safeguard your company and customer data at the point of sale.
Run a PCI audit
The Payment Card Industry (PCI) has a list of twelve recommendations for security in card transactions. Certain networks – like Visa – will not accept businesses that aren’t compliant. If you’re unsure of where you stand, run an audit on your business practises and get certified. There are also additional requirements like QIR (Qualified Integrator and Reseller) to further reassure your customers and business partners. You can click on this link to learn more about how to become PCI compliant.
Use top grade encryption
When a customer is buying from a website, they have to type in their details. As they type, hackers can try to grab the data. Using high grade encryption, you can shield the information your customers are typing so that even if fraudsters try to read it, they can’t access, interpret or understand it. This is why it helps to use a merchant processor with military encryption levels and complete compliance to PCI standards.
Shorten the verification process
Your customer’s card is most vulnerable when your software is reading their information. That’s when interceptors can harvest the data. By making this period as short as possible, criminals have a smaller window to interfere. Find a good merchant processor that offers instant verification. That way, there are barely milliseconds of opportunity for theft, and this ensures that the customer’s details are safe.
For more information on safeguarding customer data at POS, or to sign up for a merchant account, call (888) 924-2743 or go to Charge.com.