Essential Tips For Handling Credit Card Information

Payment Card Industry (PCI) compliance isn’t just a standard. Rather it’s your responsibility as a business owner. The majority of consumers prefer to pay with a card, and most will stop doing business with a company that has suffered a security breach.

If you do not want to lose your consumers, proper handling of payment card information should be a top priority.

Here are few tips for handling of credit card information which will help you keep data safe and ensure your business is PCI compliant

Regardless of your payment methods, both online software and also any swiper equipment you use, must be PCI compliant. You can check compliance with PCI Data Security Standards (DSS) by searching the PCI-approved PIN Transaction Devices (PTD) list and Validated Payment Application list.

If you choose the right and approved service provider it can relieve much of the stress of handling credit card information. Part of your own company’s PCI compliance is to ensure that you only use a “PCI DSS Validated Entity.” This means the service provider underwent and passed a comprehensive audit by an external Qualified Security Assessor.

The information held in the magnetic strip on the back of the card and the card security number, also referred to as CSC, CID and CVV2, are known as track data. No company is allowed to store this data in any form. You need to make certain that your processing equipment, software and service providers do not store track data in any systems.

Always encrypt the data you utilise such as recurring payment authorizations or any other circumstance that makes electronic storing of the credit card number necessary. This is especially important for mobile devices. Use a robust encryption algorithm to ensure PCI compliance if you do business on your cell phone, laptop or tablet.

If you use paper receipts or invoices, you must store them in a safe place. This includes any copies you may have at job sites as well as at the office and points of sale. Destroy transaction print offs that the customer doesn’t take with them. Keep your business and your customers safe.

There are several types of data security, such as:

Network layer security — TCP/IP can be made secured along with the cryptographic techniques and internet protocols.

IPSec Protocol — It is developed for protecting interaction in a protected way. It is a setup of security additions designed. It gives security and verification on the internet protocol part by using cryptography. The information is modified using security methods.

Portable Data Security — Data on portable drives, such as flash drives and external hard drives are often compromised. So, it is important to secure USB devices before saving sensitive data on them.

Email Security — The messages of mail are delivered and composed. Also, saved in a several step procedure, which starts with the message’s structure. When the customer completes writing the message and delivers it, the messages gets modified into a reliable format.

You must choose an appropriate online payment solutions for secure online payments and for the proper accept credit cards online facility.