Payments in Focus Insight that keeps you ahead of change

3 read time

Safe and Secure Payments for Customers – What Businesses Need to Know

by: Pete Bettles
Monday, February 11, 2019

The sheer amount of data created and held by businesses is staggering. Every email, website interaction or payment transaction is recorded. This trend will continue to increase as more interactions occur online, and even offline touchpoints are now recorded digitally.

For businesses, this presents a growing issue. Out of all of this data, payments data is one of the most sensitive and valuable, making it a prime target for fraudsters and scammers. It’s therefore incredibly important that organisations have the highest levels of security to protect their business from fraudsters.

Whilst there are some simple IT fixes that can be implemented like patching – the process of upgrading computer programs that can fix known security vulnerabilities and other bugs – or using strong passwords, there’s still more that your company can do.

Businesses need not fear as there are various initiatives to keep your payments data safe.

Reducing PCI Scope

The Payment Card Industry Data Security Standard (PCI DSS) is a set of security standards that all businesses have to comply with. The aim is to ensure every company that accepts, processes, holds or transmits card data does so in a safe and secure manner.

One of the best ways to do this is to reduce or remove the card data that you store and limit the number of systems involved which process it. Working with a specialist partner such as Global Payments, you can get advice on how to do this, taking advantage of the service and products that we offer that will help to reduce your PCI scope and, secure your card data and validate your PCI DSS Compliance.

Proactive Fraud Prevention

The prospect of fraud isn’t a one-off battle. Businesses must be ready to combat it all the time. That’s why there is software that operates around the clock. A payments company such as Global Payments, can help keep your card data secure which, in turn, builds trust between your organisation and your customers.

For further information, please contact Global Payments

Telephone: 0345 266 7762, Email: enquiries@globalpay.com.